Nike Reports $300 Million Pretax Charge Related to Job Cuts -- Barrons.com

Dow Jones06:48

By Janet H. Cho

Nike Inc. said it expects to take a pretax charge of about $300 million, mostly in the third quarter, because of employee severance costs over the a nine month period ending Feb. 28. It didn't specify how many jobs were cut.

The Beaverton, Ore.-based footwear and athletic apparel retailer said in a regulatory filing late Thursday that its management has been "evaluating opportunities to operate more efficiently and profitably through realigning costs, while also investing to reignite growth." The company said it may take unspecified "additional actions" that could lead to additional charges in future quarters.

It said that "substantially all" of the charges were recognized in the third quarter of its 2026 fiscal year, but that actual charges could differ from its estimates.

A Nike representative could not be immediately reached.

Nike will report its fiscal third-quarter earnings results at 4:15 p.m. Eastern time on Tuesday, March 31. Company executives will host a conference call at 5 p.m. ET that day.

Shares of Nike were up 0.1% in after-hours trading.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 05, 2026 17:48 ET (22:48 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Cho \n</p>\n<p>\n  Nike Inc. said it expects to take a pretax charge of about $300 million, mostly in the third quarter, because of employee severance costs over the a nine month period ending Feb. 28. 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Cho \n\n\n  Nike Inc. said it expects to take a pretax charge of about $300 million, mostly in the third quarter, because of employee severance costs over the a nine month period ending Feb. 28. It didn't specify how many jobs were cut. \n\n\n  The Beaverton, Ore.-based footwear and athletic apparel retailer said in a regulatory filing late Thursday that its management has been \"evaluating opportunities to operate more efficiently and profitably through realigning costs, while also investing to reignite growth.\" The company said it may take unspecified \"additional actions\" that could lead to additional charges in future quarters. \n\n\n  It said that \"substantially all\" of the charges were recognized in the third quarter of its 2026 fiscal year, but that actual charges could differ from its estimates. \n\n\n  A Nike representative could not be immediately reached. \n\n\n  Nike will report its fiscal third-quarter earnings results at 4:15 p.m. Eastern time on Tuesday, March 31. Company executives will host a conference call at 5 p.m. ET that day. \n\n\n  Shares of Nike were up 0.1% in after-hours trading. \n\n\n  Write to Janet H. Cho at janet.cho@dowjones.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. 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