Nike announces Pace restructuring with $1.0B pre-tax charges and $2.5B savings target through fiscal 2031

NIKE, Inc.

NIKE announced the multi-year Pace program on October 1, 2026, building on the March 2026 cost realignment plan.
Pace is expected to incur about $1.0 billion in pre-tax charges, in addition to about $0.3 billion of severance costs recognized in fiscal 2026.
NIKE expects about $0.3 billion of charges in fiscal 2027, with the remainder through fiscal 2031, and about $2.5 billion in cumulative savings through fiscal 2031.
The program includes optimizing the global supply chain, establishing a new campus in India, and realigning the operating model into three geographies.
NIKE also disclosed financial results for the fiscal quarter ended August 31, 2026 in a same-day press release.

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