NIKE, Inc. (NKE) Q4 2023 Earnings Call Transcript

NIKE, Inc. (NYSE:NKE) Q4 2023 Earnings Conference Call June 29, 2023 5:00 PM ET

Company Participants

Paul Trussell - Vice President, Investor Relations and Strategic Finance

John Donahoe - President and Chief Executive Officer

Matt Friend - Chief Financial Officer

Conference Call Participants

Tom Nikic - Wedbush Securities

Matthew Boss - JPMorgan

Jim Duffy - Stifel

Brooke Roach - Goldman Sachs

Cristina Fernandez - Telsey Advisory Group

John Kernan - TD Cowen

Operator

Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal 2023 Fourth Quarter Conference Call. For those who want to reference today's press release, you'll find it at investors.nike.com. Leading today's call is Paul Trussell, VP of Investor Relations and Strategic Finance.

Now, I would like to turn the call over to Mr. Paul Trussell. Please go ahead.

Paul Trussell

Thank you, operator. Hello everyone, and thank you for joining today to discuss NIKE, Inc.'s fiscal 2023 fourth quarter results. Joining us on today's call will be NIKE, Inc. President and CEO, John Donahoe; and our Chief Financial Officer, Matt Friend. Before we begin, let me remind you that participants on this call will make forward-looking statements based on current expectations, and those statements are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed in NIKE’s reports filed with the SEC.

In addition, participants may discuss non-GAAP financial measures and non-public financial and statistical information. Please refer to NIKE’s earnings press release or NIKE’s website investors.nike.com for comparable GAAP measures and quantitative reconciliations. All growth comparisons on the call today are presented on a year-over-year basis and our currency neutral unless otherwise noted.

We will start with prepared remarks and then open up for questions. We would like to allow as many of you to ask questions as possible in our allotted time, so we would appreciate you limiting your initial question to one. Thanks for your cooperation on this.

I will now turn the call over to NIKE, Inc., President and CEO, John Donahoe.

John Donahoe

Thank you, Paul, and hello to everyone on today's call. Fiscal 2023 was a milestone year for NIKE as we set new records while delivering on our operational and financial goals. It's clear that our strategy is working, and that NIKE's unique advantages continue to drive competitive separation.

Looking at our results, we exceeded $50 billion in revenue, with growth of 16% on the year. This growth is broad based across our consumer construct of men's, women's, and kids, across performance and lifestyle and across all geographies. North America, EMEA, and APLA all saw full-year double-digit growth and Greater China returned to double-digit growth in Q4.