NIKE, Inc.
DIVISIONAL REVENUES
(Unaudited)
% Change
Excluding
Currency
Changes
1
% Change
Excluding
Currency
Changes
1
THREE MONTHS
ENDED %
TWELVE MONTHS
ENDED %
(Dollars in millions)
5/31/2024 5/31/2023 Change 5/31/2024 5/31/2023 Change
North America
Footwear $ 3,587 $ 3,807 -6 % -6 % $ 14,537 $ 14,897 -2 % -2 %
Apparel 1,398 1,349 4 % 4 % 5,953 5,947 0 % 0 %
Equipment 293 199 47 % 47 % 906 764 19 % 19 %
Total 5,278 5,355 -1 % -1 % 21,396 21,608 -1 % -1 %
Europe, Middle East & Africa
Footwear 2,067 2,174 -5 % -2 % 8,473 8,260 3 % 1 %
Apparel 1,049 1,038 1 % 3 % 4,380 4,566 -4 % -6 %
Equipment 176 138 28 % 29 % 754 592 27 % 24 %
Total 3,292 3,350 -2 % 1 % 13,607 13,418 1 % 0 %
Greater China
Footwear 1,357 1,336 2 % 6 % 5,552 5,435 2 % 6 %
Apparel 460 438 5 % 9 % 1,828 1,666 10 % 14 %
Equipment 46 36 28 % 32 % 165 147 12 % 17 %
Total 1,863 1,810 3 % 7 % 7,545 7,248 4 % 8 %
Asia Pacific & Latin America
Footwear 1,226 1,230 0 % 3 % 4,865 4,543 7 % 7 %
Apparel 416 409 2 % 5 % 1,614 1,664 -3 % -2 %
Equipment 63 57 11 % 13 % 250 224 12 % 12 %
Total 1,705 1,696 1 % 4 % 6,729 6,431 5 % 5 %
Global Brand Divisions
2
11 14 -21 % -28 % 45 58 -22 % -25 %
TOTAL NIKE BRAND
12,149 12,225 -1 % 1 % 49,322 48,763 1 % 1 %
Converse 480 586 -18 % -17 % 2,082 2,427 -14 % -15 %
Corporate
3
(23) 14 — — (42) 27 — —
TOTAL NIKE, INC. REVENUES
$ 12,606 $ 12,825 -2 % 0 % $ 51,362 $ 51,217 0 % 1 %
TOTAL NIKE BRAND
Footwear $ 8,237 $ 8,547 -4 % -2 % $ 33,427 $ 33,135 1 % 1 %
Apparel 3,323 3,234 3 % 4 % 13,775 13,843 0 % 0 %
Equipment 578 430 34 % 35 % 2,075 1,727 20 % 20 %
Global Brand Divisions
2
11 14 -21 % -28 % 45 58 -22 % -25 %
TOTAL NIKE BRAND REVENUES
$ 12,149 $ 12,225 -1 % 1 % $ 49,322 $ 48,763 1 % 1 %
1
The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is
provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency
exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure
when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management
believes this non-GAAP financial measure provides investors with additional financial information that should be considered when
assessing the Company's underlying business performance and trends. References to this measure should not be considered in
isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be
comparable to similarly titled non-GAAP measures used by other companies.
2
Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic
operating segment.
3
Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the
NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk
management program.