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Nike Inc Publish Fiscal ’23 Q3 Financial Results

Third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year. NIKE Direct sales were $5.3 billion, up 17 percent on a reported basis. NIKE Brand Digital sales increased 20 percent on a reported basis. Wholesale revenues grew 12 percent on a reported basis and 18 percent on a currency-neutral basis. Gross margin decreased 330 basis points to 43.3 percent. John Donahoe, President and CEO, NIKE, Inc. “ We delivered another strong quarter in Q3, with revenue…