NYSE$NKE

NIKE · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Nike's Q2 2022 results reflected strong consumer connections and brand strength amidst supply challenges.

NIKE, Inc. reported a 1% increase in revenue to $11.4 billion for the second quarter of fiscal year 2022. Diluted earnings per share increased by 6% to $0.83. Gross margin increased to 45.9%.

  • NIKE Direct sales increased by 9%, with North America Direct growing by 30%.
  • NIKE Brand Digital sales increased by 12%, led by 40% growth in North America.
  • Gross margin increased by 280 basis points to 45.9 percent.
  • Diluted earnings per share for the quarter was $0.83, up 6 percent.

Headline financials

Total Revenue

$11.4B

Previous: $11.2B+1.0%
EPS (adj)

$0.83

Previous: $0.78+6.4%
Gross Margin

45.9%

Previous: 43.1%+6.5%
Demand Creation Expense

$1.02B

Previous: $729M+39.5%
Operating Overhead Expense

$2.74B

Previous: $2.54B+8.0%
Effective Tax Rate

10.9%

Previous: 14.1%-22.7%
Capital Expenditures

-$362M

Previous: -$344M-5.2%
Free Cash Flow

$975M

Previous: $907M+7.5%
Net Income

$1.34B

Previous: $1.25B+6.9%
Operating Income

$1.45B

Previous: $1.58B-8.0%
Gross Profit

$5.21B

Previous: $4.85B+7.6%
Cash & Equivalents

$10.8B

Previous: $8.64B+24.5%
Total Assets

$38.9B

Previous: $34.8B+11.7%
Stock-Based Comp

$170M

Previous: $189M-10.1%

Revenue & EPS history

Nike · Revenue · Quarterly

$11.4B

Q2 2022+1%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Nike · $11.4B total across 2 segments · Q2 2022

  • NIKE Brand
    $10.8B+0.7%
  • Converse
    $557M+17.0%

Forward guidance

The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.5%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.3%

Avg return

30 days after

56%

40 / 72 earnings

Positive

+25.8%

Q3 2020

Best reaction

-19.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-6.0%-6.4%
Q2 2026-5.3%-8.6%-1.9%
Q1 2026+4.9%+2.1%-7.4%
Q4 2025+0.2%+2.8%+6.9%
Q3 2025-5.5%-8.5%-22.4%
Q2 2025+0.1%-0.1%-7.9%
Q1 2025-6.0%-7.0%-12.7%
Q4 2024-19.9%-19.2%-22.9%
Q3 2024-6.4%-7.7%-5.7%
Q2 2024-11.0%-11.0%-16.2%
Q1 2024+6.9%+6.3%+9.6%
Q4 2023-2.4%-3.5%-3.9%
Q3 2023-1.4%-0.4%+2.7%
Q2 2023+12.4%+12.8%+20.8%
Q1 2023-15.8%-10.2%-4.9%
Q4 2022-9.0%-10.4%-4.5%
Q3 2022+1.4%+1.9%+3.5%
Q2 2022+3.3%+2.7%-10.1%
Q1 2022-5.0%-7.7%+3.8%
Q4 2021+16.0%+17.2%+25.0%
Q3 2021-5.1%-5.3%-7.3%
Q2 2021+2.5%+0.9%+0.2%
Q1 2021+12.1%+9.6%+14.7%
Q4 2020-6.4%-2.0%-1.6%
Q3 2020+25.8%+32.5%+39.1%
Q2 2020-0.6%-0.4%+3.9%
Q1 2020+3.6%+5.3%+4.3%
Q4 2019+1.7%+2.9%+6.0%
Q3 2019-5.2%-3.8%+2.9%
Q2 2019+4.9%-1.3%+16.6%
Q1 2019-0.7%+0.5%-13.3%
Q4 2018+11.7%+6.9%+7.8%
Q3 2018-2.6%-0.3%-0.4%
Q2 2018-0.5%+0.1%+5.7%
Q1 2018-1.1%-2.6%+6.7%
Q4 2017+10.6%+9.9%+10.0%
Q3 2017-8.1%-4.0%-3.9%
Q2 2017+2.9%+2.1%+4.1%
Q1 2017-2.1%-3.2%-4.6%
Q4 2016+6.2%+7.2%+6.9%
Q3 2016-3.5%
Q2 2016-0.8%
Q1 2016+8.3%
Q4 2015+3.3%
Q3 2015+4.6%
Q2 2015+0.4%
Q1 2015+10.7%
Q4 2014+1.6%
Q3 2014-5.0%
Q2 2014-1.6%
Q1 2014+6.8%
Q4 2013+2.9%
Q3 2013+8.6%
Q2 2013+7.5%
Q1 2013-0.6%
Q4 2012-10.5%
Q3 2012-2.7%
Q2 2012+3.2%
Q1 2012+3.4%
Q2 2011-1.0%
Q4 2011-1.0%
Q3 2011+0.2%
Q1 2011-0.4%
Q4 2010+1.5%
Q3 2010+0.1%
Q3 2009+0.1%
Q2 2009+0.4%
Q2 2010+0.4%
Q1 2010+0.3%
Q4 2009+0.3%
Q4 2008+0.3%
Q1 2009+0.3%

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