earnings
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NIKE's 8-K says its new Pace restructuring plan is expected to add about $1 billion in charges, mostly employee costs, through fiscal 2031
NIKE, Inc. filed an 8-K on October 1 disclosing both a new restructuring program called Pace and its fiscal 2027 first-quarter results. The company expects about $1.0 billion in additional pre-tax charges, mostly employee severance and other employee-related costs, split between fiscal 2027 (about $0.3 billion) and the years through fiscal 2031, on top of $0.3 billion already recognized in fiscal 2026. Separately, first-quarter revenue was $11.2 billion, down 4 percent, with diluted earnings per share of $0.48. The filing names no specific number of affected jobs or locations.
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