MAAT INDEX

CLAIM #46239 · Nike Inc (NKE) · 2023Q2 earnings call · Dec 20, 2022 · due May 31, 2023

Yes. When you compare this quarter to last year, our inventory supply was so lean that last year, we saw extraordinary levels full price realization through our digital channel and the lowest levels of discounts that we've ever experienced in running that channel. So we expected that to normalize in this fiscal year.

Matt Friend · CFO

PENDING
graded after results covering May 31, 2023 are reported

In context

ery times, fewer reduced and split shipments. And so it's really kind of a holistic approach, and we're going to just keep leveraging that and keep building upon that. As I said, I think we're in the roll days. And then our digital growth, I think, is a function of having the best apps in the industry or on the home screen of people's mobile apps, which is that scarce and valuable real estate. And we have a really clean experience across our apps and digitally, including NIKE.com. So there's -- we have good full price realization, and when need to move things, we move it through discounting. And so it's obviously very fair product category and varies by time. But the quality of the business through NIKE Digital is among the highest quality that we have across any channel. Matthew Friend : Yes. When you compare this quarter to last year, our inventory supply was so lean that last year, we saw extraordinary levels full price realization through our digital channel and the lowest levels of discounts that we've ever experienced in running that channel. So we expected that to normalize in this fiscal year. And with where inventory is broadly across the marketplace, the environment is definitely more promotional. But as John mentioned, when we look at our most important product franchises, we continue to see strong full price realization in our own channels and in wholesale. And I'd say that the other thing that we focused on this quarter was leveraging our investment in markdown to drive new member acquisition and to increase loyalty from our existing members, and we were able to accomplish that this quarter. Operator: We take our next question now from Tom Nikic at Wedbush Securities. Tom Nikic : I wanted to ask about China. So obviously, returning to growth in a pretty challenging environment is fairly encouraging. How do we think about the path forward in China from here? I know you men

Verify independently

SEC filings for NKE · Claim quote is verbatim from the 2023Q2 earnings call.