Nike Q4 2023 Earnings Report
Key Takeaways
Nike reported a 5% increase in revenue to $12.8 billion for the fourth quarter of fiscal year 2023. Diluted earnings per share were $0.66. The company's growth was driven by Nike Direct and wholesale revenues.
NIKE's revenue increased by 5% to $12.8 billion, with NIKE Direct up 15% and Wholesale down 2%.
Gross margin decreased to 43.6% due to higher product input costs and elevated freight and logistics costs.
Diluted earnings per share decreased by 27% to $0.66.
The company returned approximately $1.9 billion to shareholders through dividends and share repurchases.
Nike
Nike
Nike Revenue by Segment
Nike Revenue by Geographic Location
Forward Guidance
NIKE anticipates sustainable, profitable growth in FY24, building on the foundation of mid-teens currency-neutral revenue growth and a healthy marketplace achieved in FY23.
Revenue & Expenses
Visualization of income flow from segment revenue to net income