NIKE (NKE) Revenue — Quarter Ended Aug 31, 2024
Revenue declined for the quarter. The decrease was seen both compared to the prior quarter and the same quarter a year ago.
Key takeaway
Quarter ended Aug 31, 2024 · FY2025 Q1
Revenue declined for the quarter. The decrease was seen both compared to the prior quarter and the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.6B
Revenue reported for this quarter.
Quarter-over-quarter
-8.1%
Change from the immediately preceding quarter.
Year-over-year
-10.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$50B
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, 2023 | $13.4B | +0.5% |
| Feb 29, 2024 | $12.4B | +0.3% |
| May 31, 2024 | $12.6B | -1.7% |
| Aug 31, 2024 | $11.6B | -10.4% |
Revenue performance
Revenue contracted, with the year-over-year decline more pronounced than the sequential drop.
Quarterly comparison
Revenue fell from the immediately preceding quarter and also decreased from the same quarter one year earlier.
What to watch
Future quarters will indicate whether the downward trend persists or reverses.