NIKE (NKE) Revenue — Quarter Ended May 31, 2024
NIKE's revenue for the reporting quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. This mixed result reflects both sequential improvement and year-over-year contraction.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q4
NIKE's revenue for the reporting quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. This mixed result reflects both sequential improvement and year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.6B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
-1.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$51.4B
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, 2023 | $12.9B | +2.0% |
| Nov 30, 2023 | $13.4B | +0.5% |
| Feb 29, 2024 | $12.4B | +0.3% |
| May 31, 2024 | $12.6B | -1.7% |
Revenue performance
Revenue rose sequentially, indicating a rebound from the previous quarter's level. However, compared to the same period last year, revenue fell.
Quarterly comparison
When compared to the immediately preceding quarter, revenue was higher. In contrast, the year-over-year comparison showed a decline.
What to watch
Market observers should monitor upcoming quarters for continued improvement or further erosion in revenue.