Key Takeaway
Nike shares fell another 6% after the company reported a 5% revenue dip in the first quarter of fiscal 2026, missing expectations. Nike introduced a new program, Pace, which will involve layoffs.
Published October 1, 2026 · Category: Fashion
Overview
Nike shares fell another 6% after the company reported a 5% revenue dip in the first quarter of fiscal 2026, missing expectations. Nike introduced a new program, Pace, which will involve layoffs.
Source
Originally published at www.vogue.com.
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Frequently Asked Questions
What is "Nike Announces Layoffs, Operating Changes as Q1 Sales Fall Further" about?+
Nike shares fell another 6% after the company reported a 5% revenue dip in the first quarter of fiscal 2026, missing expectations. Nike introduced a new program, Pace, which will involve layoffs.
Who reported this story?+
This story was reported by Vogue.
