Nike discloses about $300 million of pre-tax severance charges

Nike's 8-K, dated March 5, 2026, says management approved a plan on February 27 for organizational changes. The plan is expected to bring approximately $300 million of pre-tax charges for the nine months ended February 28, 2026, mostly employee severance. The company said substantially all of the charge would be recognized in its fiscal third quarter and that further actions could bring more charges.

• Plan approved February 27, 2026
• About $300 million of pre-tax charges
• Mainly employee severance costs
• Substantially all recognized in fiscal Q3 2026; more charges possible