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CLAIM #46267 · Nike Inc (NKE) · 2023Q3 earnings call · Mar 21, 2023 · due May 31, 2024

And we absolutely expect that China continues to be a growth opportunity for NIKE.

Matt Friend · CFO

PENDING
graded after results covering May 31, 2024 are reported

In context

d on in my script that in December, we talked about the shift in COVID policy and the impact that, that had both on the amount of doors that were open in retail traffic. And our business in December was down high single digits. We flipped to growth in January, and we saw a rebound in brick-and-mortar traffic and strong retail sales performance. And then in the month of February, we saw our momentum accelerate even further relative to January, and that’s with comping the nine-month comp of Lunar New Year in the prior year. So when we look at our inventory position being down again this year versus -- or this quarter, I should say, versus prior year for the second straight quarter, the fundamentals are there for us to continue the momentum that we've been talking about for several quarters. And we absolutely expect that China continues to be a growth opportunity for NIKE. Operator: Your next question call comes from Paul Lejuez, Citigroup. Paul Lejuez : Thanks, guys. Paul Lejuez. Can you give us an update on your shared apps and the partnerships that you've developed with certain retailers? Are they progressing as planned? And what are your thoughts on linking up with any new partners in the future? John Donahoe : Yes, Paul, as you know, our whole marketplace strategy is to allow consumers to get what they want when they want, how they want it across our own digital, across our own retail and across our wholesale partners, all tied together with our membership program, which is 150 million active members. And this notion of connected membership with our wholesale partners is really beginning to bear fruit. And some of the early examples with, let's say, DI

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SEC filings for NKE · Claim quote is verbatim from the 2023Q3 earnings call.