NIKE (NKE) Revenue — Quarter Ended May 31, 2023
Revenue for the quarter grew, driven by gains both sequentially and versus the same period last year.
Key takeaway
Quarter ended May 31, 2023 · FY2023 Q4
Revenue for the quarter grew, driven by gains both sequentially and versus the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$51.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2022 | $12.7B | +3.6% |
| Nov 30, 2022 | $13.3B | +17.2% |
| Feb 28, 2023 | $12.4B | +14.0% |
| May 31, 2023 | $12.8B | +4.8% |
Revenue performance
The quarter’s revenue increased compared to the immediately preceding quarter, reversing the prior period’s sequential decline.
Quarterly comparison
Revenue also rose compared to the same quarter one year earlier, continuing a positive year-over-year trend.
What to watch
Monitor whether revenue growth can be sustained amid potential headwinds in the operating environment.