The company said NIKE, Inc. revenues for the first quarter of fiscal 2025 were $11.6 billion, down from $12.9 billion a year earlier, and fell 9% on a currency-neutral basis. Quarter: Q1.

1. 01

   The company said NIKE, Inc. revenues for the first quarter of fiscal 2025 were $11.6 billion, down from $12.9 billion a year earlier, and fell 9% on a currency-neutral basis. Quarter: Q1.

2. 02

   The company said its gross margin for Q1 rose 120 basis points to 45.4%. The company cited lower NIKE Brand product costs, lower warehousing and logistics costs, and benefits from strategic pricing actions in the prior year as the main factors.

3. 03

   The company said NIKE Direct revenues for Q1 were $4.7 billion, down from $5.4 billion a year earlier. On a currency-neutral basis, they fell 12%, and NIKE Brand Digital sales fell 20%, the company said.

4. 04

   The company said that as of August 31, 2024, cash and equivalents and short-term investments totaled $10.3 billion. It said it returned about $1.8 billion to shareholders through share repurchases and dividends in Q1.

Key figures

Quarter ended August 31, 2024

Revenue

$11.6B

Net income

$1.1B

EPS

$0.70

Gross profit

$5.3B

Operating cash flow

$394M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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