Nike announces Pace restructuring. Nike stock gains 2.19 percent
Published on 10/05/2026 at 12:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nike stock (ISIN US6541061031) was trading at EUR 30.73 at Lang & Schwarz on October 5, 2026 at 12:46 p.m. CEST, up 2.19 percent from the prior close of EUR 30.07. On October 1, 2026, Last10K reported that Nike announced Pace, a restructuring program targeting USD 2.5 billion in cumulative savings through fiscal 2031.
Pace targets savings as sales weaken
The latest report covers Nike's fiscal first quarter ended August 31, 2026. Revenue fell 4.00 percent year over year to USD 11.21 billion, while net income declined 2.00 percent to USD 712.0 million, according to Last10K.
Gross margin improved to 42.80 percent from 42.20 percent in the prior-year quarter, but the regional split remains important. Greater China revenue fell 22.00 percent to USD 1.18 billion, while North America revenue increased 2.00 percent to USD 5.13 billion.
Guidance keeps the reset in view
Nike expects fiscal 2027 revenue to decline by a high-single-digit percentage and forecasts adjusted diluted earnings per share of USD 1.15 to USD 1.35. Pace carries USD 1.0 billion of pretax charges through fiscal 2031, including USD 300.0 million expected in fiscal 2027, according to Last10K.
Analyst reactions underline the tension between the cost plan and the weaker sales outlook. Markets Insider reported on October 2, 2026 that Freedom Broker upgraded Nike from Hold to Buy while cutting its USD 54.00 target to USD 51.00. Investing.com reported that Piper Sandler lowered its target from USD 38.00 to USD 28.00 while maintaining a Neutral rating.
Nike stock trades above prior close
The Lang & Schwarz quote places Nike stock at EUR 30.73 on October 5, 2026 at 12:46 p.m. CEST, compared with a prior close of EUR 30.07 on October 2, 2026. The primary listing is NYSE:NKE, where the finance snapshot showed a USD 31.97 to USD 72.39 52-week range and USD 50.1 billion market capitalization as of October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Nike stock.
Nike market data
- Company: NIKE, Inc.
- ISIN: US6541061031
- Ticker: NKE
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 5, 2026, 12:46 p.m. CEST: EUR 30.73
- Change versus prior close: plus 2.19 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 30.07
- Market capitalization: USD 50.1 billion as of October 2, 2026
- 52-week range: USD 31.97-72.39 as of October 2, 2026
- Sector / Industry: Consumer Cyclical / Apparel - Footwear and Accessories
