Nike's revenue grew 2% in the first quarter of the year.
02.10.2023 6313

Nike's revenue grew 2% in the first quarter of the year.

US sportswear and footwear giant Nike's revenue rose 2% in the first quarter of fiscal 2024, compared with the same period a year earlier, to $12,9 billion.

The Nike brand recorded sales growth of 3% to 12,4 billion euros compared to the same period last fiscal year, Converse revenue in the reporting period was $588 million, down 9% compared to the same period last year, mainly due to decline recorded in North America.

The best results were shown by sales of Nike equipment (+9%) and shoes (+4%), sales of clothing decreased by 1%.

In the first quarter of fiscal 2024, Nike's gross margin decreased 10 basis points to 44,2% compared to the same period in the previous fiscal year, "primarily due to higher product costs and unfavorable changes in net foreign currency exchange rates." which were largely offset by strategic changes in pricing policy.”

The sportswear company posted net income of $1,5 billion at the end of August, reflecting a 1% decline from the same period in fiscal 2023; diluted earnings per share, however, increased 1% to $0,94.

Revenue from American sportswear and footwear giant Nike rose 2% in the first quarter of fiscal 2024, compared to the same period a year earlier, to $12,9...
5
1
Rating

Latest News

Euro Shoes starts tomorrow!

The leading international footwear and accessories exhibition, Euro Shoes Premiere Collection, opens in Moscow and runs from March 4 to 7.
03.03.2026 465

TAMARIS and TAMARIS COMFORT in the Fall-Winter'26 collection – at Euro Shoes!

The new collection from the German brand TAMARIS combines classic TAMARIS models and the TAMARIS COMFORT line of increased comfort.
03.03.2026 521

German shoe and bag brand MARCO TOZZI presents its new Fall-Winter 26/27 collection at Euro Shoes!

The collection features natural smooth and pile materials, warm natural shades, stylish combinations of materials, comfortable shapes, and aesthetic details – all these accents create a completely unique…
02.03.2026 662

Italian brand Igi&Co will present its new footwear collection at Euro Shoes.

Igi&Co is a leader in the casual footwear segment in Italy, and has recently been actively developing its technical footwear line in the segment…
02.03.2026 557

Spanish Wonders and Pitillos at Euro Shoes

Spain, a country that maintains its own shoemaking traditions, is also represented at Euro Shoes in Moscow.
02.03.2026 555
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning