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May 31, 2023
Nike Q4 2023 Earnings Report
Nike's Q4 2023 financial results were reported, showing revenue growth and strategic investments.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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