NKE · 10-Q · 2026Q3

NIKE, Inc.

Filed 2026-10-02 · Other · View original filing on EDGAR

Ranked Events

• Restructuring and HeadcountImportance 65 · Surprise 60
  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…
• Supply Chain OptimizationImportance 64 · Surprise 42
  NIKE's Pace enterprise program includes initiatives to further optimize its global supply chain and improve organizational effectiveness. The program also includes establishing a new campus in India and realigning the…
• Distribution ChannelsImportance 63 · Surprise 50
  NIKE is repositioning NIKE Brand Digital as a full-price platform while reinvesting in wholesale distribution and elevating brand presentation in physical retail. NIKE Direct revenue declined 9% on a currency-neutral…
• Product Management and TransitionsImportance 63 · Surprise 50
  NIKE is accelerating product innovation while reducing the supply of certain footwear products to rebalance its footwear portfolio. NIKE Brand footwear revenue declined 6% on a currency-neutral basis, with footwear…
• Converse Strategic ResetImportance 61 · Surprise 66
  Converse is undergoing a strategic reset of its brand and marketplace, with related actions expected to continue throughout fiscal 2027. Converse revenue declined 28% on a currency-neutral basis in the first quarter of…
• Inventory Levels and CompositionImportance 61 · Surprise 32
  Inventories were $7.8 billion as of August 31, 2026, increasing 5% from May 31, 2026. The increase was primarily caused by shifts in product mix. Inventory growth reduced operating cash flow because the company is…
• Greater China PerformanceImportance 59 · Surprise 48
  Greater China revenue decreased 22% year over year to $1.180 billion, or 26% on a currency-neutral basis. Wholesale revenue declined 31% and NIKE Direct revenue declined 18% on a currency-neutral basis, including…
• Strategic Cost ReductionImportance 58 · Surprise 42
  In October 2026, NIKE announced the multi-year Pace enterprise program to improve productivity, organizational effectiveness and reduce its cost structure. The program includes global supply-chain optimization, a new…
• Converse Revenue Decline and ResetImportance 55 · Surprise 66
  Converse revenue decreased 28% year over year on a currency-neutral basis, with declines across all territories. Unit sales fell 34%, partially offset by a 6-percentage-point benefit from higher average selling price…
• Macroeconomic Consumer PressureImportance 53 · Surprise 48
  NIKE reported declining store traffic, elevated promotional activity and higher marketplace inventory in Greater China, negatively affecting revenue and profitability. Greater China revenue fell 22% reported and 26%…
• Gross Margin DriversImportance 49 · Surprise 32
  Consolidated gross margin increased 60 basis points to 42.8% from 42.2%, while gross profit declined 3% to $4.798 billion. Lower warehousing and logistics costs contributed approximately 90 basis points, favorable…
• Europe, Middle East & Africa PerformanceImportance 49 · Surprise 32
  EMEA revenue declined 5% year over year to $3.176 billion on both reported and currency-neutral bases. Footwear revenue fell 11% because unit sales decreased 5% and lower average selling price reduced revenue by…
• Revenue Performance and MixImportance 49 · Surprise 32
  NIKE, Inc. revenues declined 4% year over year to $11.213 billion in the first quarter of fiscal 2027 from $11.720 billion, or 5% on a currency-neutral basis. NIKE Brand footwear revenue fell 6% to $6.951 billion,…
• Operating Cash Flow TrendsImportance 46 · Surprise 56
  Cash provided by operations decreased to $135 million in the three months ended August 31, 2026 from $222 million in the prior-year period. Fiscal 2027 operating cash flow included $712 million of net income and $269…
• Investing ActivitiesImportance 44 · Surprise 46
  Cash used in investing activities increased to $192 million in the first quarter of fiscal 2027 from $59 million in the prior-year period. Fiscal 2027 investing cash use was primarily driven by additions to property,…
• Capital Return ProgramImportance 44 · Surprise 24
  NIKE returned approximately $0.6 billion to shareholders through dividends in the first quarter of fiscal 2027. The Board reapproved the $18 billion share repurchase authorization in June 2026 without a fixed…
• Operating Expense TrendsImportance 42 · Surprise 14
  Total selling and administrative expense decreased 3% to $3.910 billion, but increased to 34.9% of revenue from 34.3% because revenue declined faster than expenses. Demand creation expense increased 5% to $1.252…
• Asia Pacific & Latin America PerformanceImportance 41 · Surprise 22
  Asia Pacific & Latin America revenue was flat on a currency-neutral basis, with higher revenue in Southeast Asia & India and Central & South America offset by lower revenue in Japan, Korea and Mexico. Wholesale revenue…
• Income Tax Rate ChangesImportance 39 · Surprise 50
  The effective tax rate increased to 22.7% in the first quarter of fiscal 2027 from 21.1% in the prior-year period, a 160-basis-point increase. The increase was primarily due to foreign tax audit settlements recognized…
• Liquidity and Cash PositionImportance 37 · Surprise 6
  Cash and equivalents plus short-term investments totaled $8.4 billion as of August 31, 2026. The portfolio primarily consisted of commercial paper, corporate notes, bank deposits, money market funds, U.S. Treasury…

Revenue by Product (in millions)

Revenue by Geography (in millions)