NKE · 10-Q · 2026Q3 · Full report

Restructuring and Headcount

NIKE, Inc. · 2026-10-02 · Importance 65 · Surprise 60 · In source text

NIKE announced the multi-year Pace enterprise program in October 2026 to improve productivity, organizational effectiveness and cost structure. The program includes global supply-chain optimization, a new campus in India, a reorganization into Americas, APGC and EMEA geographies in fiscal 2028, and further organizational streamlining. NIKE expects approximately $1.0 billion of pre-tax charges in addition to approximately $0.3 billion of severance costs recognized in fiscal 2026, with approximately $0.3 billion expected in fiscal 2027 and the remainder through fiscal 2031. The program is expected to generate approximately $2.5 billion of cumulative savings through fiscal 2031, before charges and future reinvestment.

Key facts

• We expect the program to result in pre-tax charges of approximately $1.0 billion, which is in addition to approximately $0.3 billion of severance costs recognized in fiscal 2026 in connection with the March 2026 plan. source
• We expect approximately $0.3 billion to be recognized in fiscal 2027, with the remainder expected to be recognized through fiscal 2031. source
• NIKE plans to organize into three geographies in fiscal 2028, which are expected to be the Americas (North America and Latin America), APGC (Asia Pacific and Greater China) and EMEA (Europe, Middle East and Africa). source

Impact estimates