NKE · NIKE, Inc.

Summary

NIKE, Inc. approved organizational changes on February 27 to operate more efficiently, expected to result in approximately $300 million pre-tax charges for the nine months ended February 28, 2026, primarily employee severance costs, recognized substantially in Q3 FY2026. Actual charges may differ materially from estimates.

Key takeaways

• Management approved plan on February 27
• Pre-tax charges of approximately $300 million
• Period: nine months ended February 28, 2026
• Primarily employee severance costs
• Substantially all recognized in third quarter FY2026
• May take additional actions leading to future charges