NIKE (NKE) Revenue — Quarter Ended Nov 30, 2023
Nike's revenue rose sequentially and modestly exceeded the prior year's level. The company's top line improved from the preceding quarter and showed year-over-year growth.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q2
Nike's revenue rose sequentially and modestly exceeded the prior year's level. The company's top line improved from the preceding quarter and showed year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.4B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+0.5%
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 |
|---|---|---|
| Feb 28, 2023 | $12.4B | +14.0% |
| May 31, 2023 | $12.8B | +4.8% |
| Aug 31, 2023 | $12.9B | +2.0% |
| Nov 30, 2023 | $13.4B | +0.5% |
Revenue performance
Revenue growth was supported by a sequential acceleration, building on gains from earlier quarters. The quarter-over-quarter increase was more pronounced than the year-over-year gain.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Versus the same quarter one year earlier, revenue also grew, albeit at a slower pace.
What to watch
The company's improved inventory management, as highlighted in its filing, could support margins and cash flow, making it a factor to monitor.