NIKE (NKE) Revenue — Quarter Ended Aug 31, 2023
Revenue increased from both the prior quarter and the same quarter last year. The company's performance reflects continued demand for its products.
Key takeaway
Quarter ended Aug 31, 2023 · FY2024 Q1
Revenue increased from both the prior quarter and the same quarter last year. The company's performance reflects continued demand for its products.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.9B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+2.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$51.5B
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 |
|---|---|---|
| Nov 30, 2022 | $13.3B | +17.2% |
| Feb 28, 2023 | $12.4B | +14.0% |
| May 31, 2023 | $12.8B | +4.8% |
| Aug 31, 2023 | $12.9B | +2.0% |
Revenue performance
In the most recent quarter, revenue rose compared with the preceding three-month period and the year-ago period.
Quarterly comparison
Sequentially, revenue improved from the immediately prior quarter, and on a year-over-year basis, revenue also grew.
What to watch
Monitor cash flow from operations, which turned negative in the current quarter compared with positive cash flow a year ago.