NKE Reports Q1 Revenues Down 4% to $11.2B; Announces $1.0B Pace Program Charges
· The NYC Memo
NIKE, Inc. reported fiscal first quarter revenues of $11.2 billion, a 4% decrease from the prior year, and diluted earnings per share of $0.48 for the period ended August 31, 2026. The company also announced a new multi-year enterprise program, Pace, expected to incur approximately $1.0 billion in pre-tax charges, primarily for severance, with $0.3 billion anticipated in fiscal 2027.