The news desk
Reported on October 2, 2026, Nike expects revenue for the fiscal year ending May 2027 to decline by a high single-digit percentage and has launched a restructuring plan called Pace, which the company says could save $2.5 billion by fiscal 2031. The report also mentioned that its first-quarter sales fell 4% to $11.2 billion. Current developments are: Nike is advancing the Pace restructuring while giving its revenue decline forecast for this fiscal year, with $2.5 billion in savings by fiscal 2031 as the plan's target.
Nike now forecasts a high-single-digit revenue decline through May 2027 and has launched Pace, a restructuring it says will save $2.5 billion by fiscal 2031. First-quarter sales fell 4 percent to $11.2 billion.