The company said revenues for the quarter ended November 30, 2024, Q2 2025 were $12.4 billion, down 8% on a reported basis and down 9% on a currency-neutral basis from the prior year. NIKE Direct revenues were $5.0 billion, down 13%, and Wholesale revenues were $6.9 billion, down 3%.

1. 01

   The company said revenues for the quarter ended November 30, 2024, Q2 2025 were $12.4 billion, down 8% on a reported basis and down 9% on a currency-neutral basis from the prior year. NIKE Direct revenues were $5.0 billion, down 13%, and Wholesale revenues were $6.9 billion, down 3%.

2. 02

   The company said gross margin for Q2 fell 100 basis points to 43.6%, citing higher discounts and channel mix changes as the main reasons. Net income fell 26% to $1.2 billion, and diluted earnings per share fell 24% to $0.78.

3. 03

   NIKE said selling and administrative expense for Q2 fell 3% to $4.0 billion. Demand creation expense rose 1% to $1.1 billion, while operating overhead expense fell 5% to $2.9 billion.

4. 04

   The company said it returned about $1.6 billion to shareholders in Q2, including dividends of $557 million and share repurchases of $1.1 billion, reflecting 13.1 million shares retired. It said it had repurchased 112.8 million shares under the program for about $11.3 billion as of November 30, 2024.

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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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