NIKE Inc
For the period ended Nov 30, 2024. Filed Jan 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2024 · Filed Jan 3, 2025
NKE$38.67-3.0%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Income
| THREE MONTHS ENDED NOVEMBER 30, | SIX MONTHS ENDED NOVEMBER 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenues | $12,354 | $13,388 | $23,943 | $26,327 |
| Cost of sales | 6,965 | 7,417 | 13,297 | 14,636 |
| Gross profit | 5,389 | 5,971 | 10,646 | 11,691 |
| Demand creation expense | 1,122 | 1,114 | 2,348 | 2,183 |
| Operating overhead expense | 2,883 | 3,032 | 5,705 | 6,079 |
| Total selling and administrative expense | 4,005 | 4,146 | 8,053 | 8,262 |
| Interest expense (income), net | (24) | (22) | (67) | (56) |
| Other (income) expense, net | (8) | (75) | (63) | (85) |
| Income before income taxes | 1,416 | 1,922 | 2,723 | 3,570 |
| Income tax expense | 253 | 344 | 509 | 542 |
| NET INCOME | $1,163 | $1,578 | $2,214 | $3,028 |
| Earnings per common share: | ||||
| Basic | $0.78 | $1.04 | $1.48 | $1.99 |
| Diluted | $0.78 | $1.03 | $1.48 | $1.97 |
| Weighted average common shares outstanding: | ||||
| Basic | 1,486.8 | 1,520.8 | 1,492.3 | 1,524.6 |
| Diluted | 1,490.0 | 1,532.1 | 1,495.9 | 1,537.7 |
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