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Third quarter revenue growth is expected to be higher than the fourth quarter due to timing of wholesale shipments.
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2023 Q2
21 Dec 22
We expect the third quarter gross margin will decline at a similar rate as the second quarter, including 120 basis points of foreign exchange headwinds.
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2023 Q2
21 Dec 22
we expect approximately 700 basis points of foreign exchange headwinds, resulting in full year reported revenue growth of mid-single digits
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2023 Q2
21 Dec 22
we now expect full year revenue to grow low teens on a currency-neutral basis, an improvement from our low double-digit guidance in the prior quarter
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2023 Q2
21 Dec 22
In North America, we captured market share
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2023 Q2
21 Dec 22
Second quarter reported gross margin declined 300 basis points to 42.9%, primarily due to higher markdowns, mainly in North America, unfavorable changes in net foreign currency exchange rates, elevated freight and logistics costs and increased product input costs, partially offset by strategic pricing actions.
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2023 Q2
21 Dec 22
spring product continues to arrive earlier with faster transit times
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2023 Q2
21 Dec 22
In North America, year-over-year growth in inventory dollars decelerated from 65% in Q1 to 54% in Q2.
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2023 Q2
21 Dec 22
compared to the prior quarter, inventory dollars were down 3% and units are down high single digits, with days in inventory at the lowest level in four quarters
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2023 Q2
21 Dec 22
NIKE Brand ASP is up year-over-year across our geographies, even with higher discounts to liquidate excess inventory.
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2023 Q2
21 Dec 22
We buy our inventory, as you know, on six-month lead times
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2023 Q2
21 Dec 22
we raised our guidance to low teens on a currency-neutral basis, really reflecting the accelerating brand momentum that we saw in August carrying through back-to-school into September and then accelerating through the holiday season and even the first couple of weeks of December
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2023 Q2
21 Dec 22
Full price realization remains strong after strategic pricing increases
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2023 Q2
21 Dec 22
CASH FLOW ACTIVITY
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10-K
2022 FY
2 Dec 22
capital expenditures of approximately 3% of annual revenues
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10-K
2022 FY
2 Dec 22
EXPECTED MATURITY DATE YEAR ENDING MAY 31,
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10-K
2022 FY
29 Nov 22
We continue to see strong month-to-date sales in EMEA and APLA as well.
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2023 Q1
6 Oct 22
14% growth in NIKE Direct and 8% growth in wholesale
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2023 Q1
6 Oct 22
In Q1, NIKE Inc. revenue grew 4% and 10% on a currency-neutral basis
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2023 Q1
6 Oct 22
NIKE Digital grew 23%
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2023 Q1
6 Oct 22