NKE · 10-K · 2026A · Full report

Inventory Levels and Composition

NIKE, Inc. · 2026-07-15 · Importance 64 · Surprise 42

Inventories as of May 31, 2026 were $7.5 billion, flat year-over-year, driven primarily by an increase in units offset by product mix changes. The company is actively managing inventory through markdowns and higher returns/discounts with wholesale partners to improve marketplace capacity for new product. Converse experienced elevated inventory-related charges as part of its brand reset, contributing to gross margin pressure in that segment. Management continues to monitor inventory mix and unit levels as part of its marketplace actions.

Key facts

• Inventories as of May 31, 2026 were $7.5 billion, flat compared to the prior year. source
• The increase in Accounts receivable in fiscal 2025 was primarily due to the timing of wholesale shipments. source