On June 27, 2024, Nike, Inc. released its financial results for the fiscal quarter and year ending May 31, 2024. The company reported a slight increase in full-year revenues to $51.4 billion, up from $51.2 billion the previous year, marking a 1 percent rise on a currency-neutral basis. However, fourth-quarter revenues saw a 2 percent decline to $12.6 billion, remaining flat on a currency-neutral basis. Nike Direct revenues for the quarter fell by 8 percent to $5.1 billion, while wholesale revenues increased by 5 percent to $7.1 billion. The gross margin improved by 110 basis points to 44.7 percent, and diluted earnings per share for the quarter were $0.99. Nike's President & CEO, John Donahoe, emphasized the company's focus on addressing near-term challenges and driving long-term growth. The company also highlighted its shareholder returns, with $1.6 billion returned in the fourth quarter, including dividends and share repurchases. Nike's management hosted a conference call to discuss the results and the call was broadcast live for investors and interested parties.

On June 27, 2024, Nike, Inc. released its financial results for the fiscal quarter and year ending May 31, 2024. The company reported a slight increase in full-year revenues to $51.4 billion, up from $51.2 billion the previous year, marking a 1 percent rise on a currency-neutral basis. However, fourth-quarter revenues saw a 2 percent decline to $12.6 billion, remaining flat on a currency-neutral basis. Nike Direct revenues for the quarter fell by 8 percent to $5.1 billion, while wholesale revenues increased by 5 percent to $7.1 billion. The gross margin improved by 110 basis points to 44.7 percent, and diluted earnings per share for the quarter were $0.99. Nike's President & CEO, John Donahoe, emphasized the company's focus on addressing near-term challenges and driving long-term growth. The company also highlighted its shareholder returns, with $1.6 billion returned in the fourth quarter, including dividends and share repurchases. Nike's management hosted a conference call to discuss the results and the call was broadcast live for investors and interested parties.