NKE · 10-K · 2026A · Full report
Product Purchase Obligations
NIKE, Inc. · 2026-07-15 · Importance 48 · Surprise 6 · In source text
As of May 31, 2026, NIKE had product purchase obligations of approximately $4.9 billion, with roughly $4.7 billion payable within the next 12 months. These obligations represent enforceable agreements, including open purchase orders, to buy products in the ordinary course of business that specify significant terms. NIKE generally orders product at least four to five months in advance based primarily on advanced wholesale orders and internal direct-to-consumer orders, indicating multi-month lead-times and reliance on advance demand signals. The filing notes prices in some cases may change throughout the production process, which can affect cost and margin outcomes.
Key facts
- As of May 31, 2026, product purchase obligations were approximately $4.9 billion with approximately $4.7 billion payable within the next 12 months. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -10.8% | As of May 31, 2026, product purchase obligations were approximately $4.9 billion with approximately $4.7 billion payable within the next… |