Nike: a turnover of €47.7bn (+10%) & net profit of €4.7bn (-16%) in 2022-23

News Tank Football - Paris - News #293721 - Published on 30/06/23 at 16:00

The Nike group has posted a turnover of $51.2bn (€47.7bn) for the financial year 2022-23 (from 01/06/2022 to 31/05/2023), an increase of 10% (+16% excluding exchange rate effects) compared with 2022 ($46.71bn/€43.3bn), announced the American equipment manufacturer on 30/06/2022.

The Nike brand accounted for 95.3% of the group's revenues in 2023 ($48.8bn/€45.5bn), with Converse contributing the rest ($2.4bn/€2.2bn). Jordan Brand accounted for $6.589bn (€6.146bn, +29%), or 16.4% of total wholesale sales of Nike products ($40.127bn/€37.433bn, +11%).

The group's net profit was $5.1bn (€4.7bn) on 31/03/2022, down 16% over 12 months (2022: $6bn/€5.6bn).

Nike posts more than twice the turnover of adidas

• Nike (USA): $51.2bn in turnover (from 01/06/2022 to 31/05/2023)

• adidas (GER): €22.5bn (from 01/01 to 31/12/2022)

• Decathlon (FRA): €15.4bn (from 01/01 to 31/12/2022)

• Puma (GER): €8.46bn (from 01/01 to 31/12/2022)

• Under Armor (USA): €5.39bn (from 01/04/2022 to 31/03/2023)

• New Balance (USA): €5bn (from 01/01 to 31/12/2022)

• Mizuno (JPN): €1.2bn (from 01/04/2021 to…


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