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CLAIM #46139 · Nike Inc (NKE) · 2022Q2 earnings call · Dec 20, 2021 · due May 31, 2022

And as we restart our marketing activity and drive those connections with consumers, some of these signals that we’re seeing, these encouraging signs that we see give us a lot of confidence that our trajectory is going to improve from this quarter.

Matt Friend · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
our trajectory is going to improve from this quarter
Reported
our revenue growth was 5%, led by double-digit growth in NIKE Direct

In context

hrough local measures that were put in place to reduce the spread of COVID. And what I mean by that is that 25% of our partner retail stores were impacted in the quarter in some way as a result of local mandates to affect operations, and 50% of our factory stores in Greater China were equal -- were similarly impacted. And so, that was -- those were clearly the two biggest drivers that impacted our performance this quarter. I mentioned SNKRS and the comparison challenges due to the delay of launch. But we’ve actually seen digital sequentially improving throughout the quarter. And so, we’re increasingly optimistic given our 11/11 performance in the way that we’re sequentially improving. And as supply normalizes, as I referenced, we expect to see sequential improvement from these 2Q results. And as we restart our marketing activity and drive those connections with consumers, some of these signals that we’re seeing, these encouraging signs that we see give us a lot of confidence that our trajectory is going to improve from this quarter. Operator: And I’d like to turn the call over to Paul for any closing remarks. Paul Trussell: Well, thank you, everyone, for joining the day. We look forward to speaking to you not just next quarter, but next year. So, happy holidays to all. Take care and stay safe. John Donahoe: Happy holidays, everyone. Matt Friend: Happy holidays. Operator: Ladies and gentlemen, this concludes today’s conference call. We thank you for your participation. You may now disconnect.

Verify independently

SEC filings for NKE · Claim quote is verbatim from the 2022Q2 earnings call.