Nike Revenue Grows to $1.8 Billion in China

The transcript discusses Nike's financial performance, highlighting growth in North America and China. Despite a slight miss on EPS, revenue exceeded expectations with a 5% increase. China's revenue grew by 16%, showcasing strong market momentum. The direct-to-consumer segment performed well, with a 15% growth, while wholesale revenue saw a slight decline. The focus remains on guidance and future strategies to boost wholesale revenue.

What was the revenue growth percentage reported in North America?

• 7%

• 5%

• 3%

• 10%

How much did Nike's revenue grow year-over-year in China?

• 16%

• 14%

• 12%

• 10%

Why is the Chinese market important for Nike and other athleisure companies?

• It is the largest market in the world.

• It is where significant growth is occurring.

• It has the highest profit margins.

• It is the most competitive market.

What was the growth percentage of Nike's direct-to-consumer business?

• 7%

• 10%

• 15%

• 20%

What was the percentage drop in Nike's wholesale revenue?

• 1%

• 2%

• 3%

• 4%