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CLAIM #46165 · Nike Inc (NKE) · 2022Q3 earnings call · Mar 21, 2022 · due May 31, 2025

And as we've mentioned before, we earn a higher gross margin on our sales through the digital channels, and we expect to see leverage in our costs, which will enable us to hit that high teens operating profit over the multiyear period.

Matt Friend · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
hit that high teens operating profit over the multiyear period
Reported
we still believe those long-term goals of profitability are achievable. But the timing is difficult to predict.

In context

ic and it's the consumer that's leading that transition. To be able to deliver double-digit traffic -- growth in traffic in North America this past quarter really stood out as an outlier relative to where other brands and retailers were seeing traffic growth. And to us, it's a signal of the strength of our brand and the fact that the consumer continues to choose this channel to engage, the fact that the app downloads have increased on a quarter-over-quarter basis, the fact that we're seeing the app drive a greater proportion of our overall business connects membership. And the way that we're going to try to connect membership into the marketplace, we continue to feel very strong that Consumer Direct Acceleration led by Digital is what's going to drive us towards that fiscal year '25 goal. And as we've mentioned before, we earn a higher gross margin on our sales through the digital channels, and we expect to see leverage in our costs, which will enable us to hit that high teens operating profit over the multiyear period. Paul Trussell: All right. Well, thank you very much, everyone, for joining us today. We look forward to speaking with you next quarter. Take care. Have a good night. John Donahoe: Thanks, everyone. Matt Friend: Thank you. Operator: And this concludes today's conference call. Thank you for participating. You may now disconnect.

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SEC filings for NKE · Claim quote is verbatim from the 2022Q3 earnings call.