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Aug 31, 2023
Nike Q1 2024 Earnings Report
Nike's first quarter revenues increased by 2 percent, driven by growth in EMEA, Greater China and APLA, but was partially offset by a decline in North America.
Key Takeaways
Nike reported a 2% increase in revenue to $12.9 billion for the first quarter of fiscal year 2024. Diluted earnings per share increased by 1% to $0.94. The company's growth was led by EMEA, Greater China and APLA, but was partially offset by a decline in North America.
First quarter revenues increased 2 percent to $12.9 billion.
NIKE Direct revenues were up 6 percent, with growth across all geographies.
Gross margin decreased 10 basis points to 44.2 percent.
Diluted earnings per share increased 1 percent to $0.94.
Nike
Nike
Nike Revenue by Segment
Nike Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income