NIKE (NKE) Revenue — Quarter Ended Feb 29, 2024
Revenue declined sequentially but posted a slight increase compared with the same period last year. The company's overall performance reflected a mixed demand environment.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q3
Revenue declined sequentially but posted a slight increase compared with the same period last year. The company's overall performance reflected a mixed demand environment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.4B
Revenue reported for this quarter.
Quarter-over-quarter
-7.2%
Change from the immediately preceding quarter.
Year-over-year
+0.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$51.6B
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 |
|---|---|---|
| May 31, 2023 | $12.8B | +4.8% |
| Aug 31, 2023 | $12.9B | +2.0% |
| Nov 30, 2023 | $13.4B | +0.5% |
| Feb 29, 2024 | $12.4B | +0.3% |
Revenue performance
Revenue for the quarter decreased from the immediately preceding period, yet edged up relative to the year-ago quarter.
Quarterly comparison
Compared with the prior quarter, revenue contracted, while when measured against the same quarter one year earlier, it registered a marginal increase.
What to watch
Monitor whether the sequential revenue decline will persist in the coming quarters amid shifting consumer trends.