Fiscal Year 2026 Annual Report - This is Nike's annual 10-K filing for the fiscal year ended May 31, 2026, filed on July 15, 2026, covering the company's complete financial performance, operations, and business activities for that 12-month period Company Information - Nike, Inc. is incorporated in Oregon and classified in the rubber and plastics footwear industry (SIC 3021), headquartered at One…

Our analysis rates this filing CAUTIOUS. Nike presents an elevated but manageable concern profile. The primary driver is the newly disclosed restructuring program (severity 7) combined with supplier finance obligations and derivative exposures, indicating the company is navigating operational…

Concern level: HIGH (6.2/10). Key factors: Active restructuring program with material charges (severity 7/10) - indicates management response to operational/profitability pressures and execution risk during transition; Supplier finance program obligations creating contingent liability exposure and working capital complexity (severity 6/10); Significant derivative instrument exposure to FX and…

Notable risk changes: Active restructuring program with material charges being incurred across COGS and G&A - indicates management response to operational/profitability pressures in FY2026; Supplier finance program obligations present in balance sheet - creates contingent liability and working capital management complexity not typically highlighted; Derivative hedging positions (FX contracts and interest rate swaps)…

The model predicts NKE will underperform the S&P 500 by about 0.0% over 30 days. This is model analysis for research, not investment advice.