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Nov 30, 2021

Nike Q2 2022 Earnings Report

Nike's Q2 2022 results reflected strong consumer connections and brand strength amidst supply challenges.

Key Takeaways

NIKE, Inc. reported a 1% increase in revenue to $11.4 billion for the second quarter of fiscal year 2022. Diluted earnings per share increased by 6% to $0.83. Gross margin increased to 45.9%.

NIKE Direct sales increased by 9%, with North America Direct growing by 30%.

NIKE Brand Digital sales increased by 12%, led by 40% growth in North America.

Gross margin increased by 280 basis points to 45.9 percent.

Diluted earnings per share for the quarter was $0.83, up 6 percent.

Total Revenue
$11.4B
Previous year: $11.2B
+1.0%
EPS
$0.83
Previous year: $0.78
+6.4%
Gross Margin
45.9%
Previous year: 43.1%
+6.5%
Demand Creation Expense
$1.02B
Previous year: $729M
+39.5%
Operating Overhead Expense
$2.74B
Previous year: $2.54B
+8.0%
Gross Profit
$5.21B
Previous year: $4.85B
+7.6%
Cash and Equivalents
$10.8B
Previous year: $8.64B
+24.5%
Free Cash Flow
$2.58B
Previous year: $2.31B
+11.9%
Total Assets
$38.9B
Previous year: $34.8B
+11.7%

Nike

Nike

Nike Revenue by Segment

Nike Revenue by Geographic Location

Forward Guidance

The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially.

Revenue & Expenses

Visualization of income flow from segment revenue to net income