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Nike Q1 revenues up 16 percent

Christian Fernsby |
Nike reported fiscal 2022 financial results for its first quarter ended August 31, 2021.

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First quarter reported revenues were $12.2 billion, up 16 percent compared to prior year and up 12 percent on a currency-neutral basis.

NIKE Direct sales were $4.7 billion, up 28 percent on a reported basis and up 25 percent on a currency-neutral basis.

NIKE Brand Digital sales increased 29 percent, or 25 percent on a currency-neutral basis.

Gross margin increased 170 basis points to 46.5 percent. Diluted earnings per share for the quarter was $1.16, up 22 percent.


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