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Nike (NKE) guidance and outlook
Nike (NKE) gave its guidance on Oct 1, 2026: Tax rate 20% for FY2027; EPS $1.15–$1.35 for FY2027. Nike's 10-Q filed Oct 2, 2026 makes 6 forward-looking statements, 4 of them new and 14 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Tax rate | FY2027 | 20% | new |
| EPS | FY2027 | $1.15–$1.35 | new |
From the earnings release filed Oct 1, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 2, 2026
- new · While we have seen progress with certain areas of our business, additional actions related to NIKE Sportswear and Jordan Brand are expected to extend beyond fiscal 2027.
- new · We expect the program to result in pre-tax charges of approximately $1.0 billion, which is in addition to approximately $0.3 billion of severance costs recognized in fiscal 2026 in connection with the March 2026 plan.
- new · We expect approximately $0.3 billion to be recognized in fiscal 2027, with the remainder expected to be recognized through fiscal 2031.
- new · We expect the program to deliver approximately $2.5 billion in cumulative savings through fiscal 2031.
- We continue to expect funding of any future share repurchases to come from operating cash flows.
- As of August 31, 2026, we were in full compliance with the covenants under our facilities and believe it is unlikely we will fail to meet any of the covenants in the foreseeable future.
Nike's latest quarter
Nike, Q1 FY27: revenue $11.2B (-4% year over year), operating margin 8.2%, net earnings $712M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
Questions
Did Nike raise or lower its guidance?
Nike (NKE) gave its guidance on Oct 1, 2026: Tax rate 20% for FY2027; EPS $1.15–$1.35 for FY2027.
What does Nike expect?
While we have seen progress with certain areas of our business, additional actions related to NIKE Sportswear and Jordan Brand are expected to extend beyond fiscal 2027. We expect the program to result in pre-tax charges of approximately $1.0 billion, which is in addition to approximately $0.3 billion of severance costs recognized in fiscal 2026 in connection with the March 2026 plan. We expect approximately $0.3 billion to be recognized in fiscal 2027, with the remainder expected to be recognized through fiscal 2031.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.