NKE · 8-K · 20261001PR000184
Restructuring and Headcount
NIKE, Inc. · 2026-10-01 · Importance 58 · Surprise 42 · In source text
NIKE introduced Pace, an operating-model transformation that includes global supply-chain modernization, a new campus in India, realignment to three geographies, and further organizational streamlining. Pace is expected to generate approximately $2.5 billion of cumulative savings through fiscal 2031. The program is expected to incur approximately $1.0 billion of pretax charges through fiscal 2031, including approximately $0.3 billion expected in fiscal 2027, in addition to $0.3 billion of severance recognized in fiscal 2026.
Key facts
- Pace is expected to incur approximately $1.0 billion of pre-tax charges, primarily consisting of employee-related costs, through fiscal 2031 source
- The adjusted EPS range excludes approximately $0.15 of restructuring expenses related to Pace for fiscal 2027 source
- NIKE expects approximately $0.3 billion of pre-tax charges to be recognized in fiscal 2027 related to Pace source
- Pace includes approximately $0.3 billion of severance costs recognized in fiscal 2026 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | -1.1% | Pace is expected to incur approximately $1.0 billion of pre-tax charges, primarily consisting of employee-related costs, through fiscal 2031 |
| net_income | negative | probable | — | The adjusted EPS range excludes approximately $0.15 of restructuring expenses related to Pace for fiscal 2027 |