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Feb 28, 2022
Nike Q3 2022 Earnings Report
Nike's Q3 2022 results reflected growth driven by Consumer Direct Acceleration strategy and digital sales increase.
Key Takeaways
Nike reported a 5% increase in revenue to $10.9 billion, with digital sales growing by 19%. Gross margin increased to 46.6%, and diluted earnings per share were $0.87.
NIKE's third quarter revenues increased 5 percent to $10.9 billion.
NIKE Direct sales were up 15 percent.
NIKE Brand Digital sales increased 19 percent, led by 33 percent growth in North America.
Gross margin increased 100 basis points to 46.6 percent.
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