Nike Q4 2022 Earnings Report
Key Takeaways
NIKE, Inc. reported a slight decrease in Q4 revenue, with growth in NIKE Direct offset by wholesale declines. Gross margin decreased due to higher inventory obsolescence reserves in Greater China and elevated freight and logistics costs. Diluted earnings per share was $0.90, down 3 percent compared to prior year.
Fourth quarter revenues were $12.2 billion, down 1 percent compared to prior year and up 3 percent on a currency-neutral basis.
NIKE Direct revenues for the fourth quarter were $4.8 billion, up 7 percent compared to prior year and up 11 percent on a currency-neutral basis.
Gross margin for the fourth quarter decreased 80 basis points to 45 percent.
Diluted earnings per share was $0.90 for the fourth quarter.
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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