unexpected. the to the and operational to serve resilient to over as was playbook you, presented the X the teams challenges and that do agile, past the quarter, call. developed prepared the we more to and on necessary have what This And years new COVID responsive navigate through continue to world around capabilities hello business John, the everyone to become Thank NIKE operations. shifted our variant past rapidly the consumer. latest were environment operating has
in volatility to through towards leading demand exceed deep Our make it potential. they to Marketplace a supply appropriate continue experience unlimited with quickly strategic build available to we to products digital ability Acceleration NIKE's market connections the shift consumer Consumers progress market digital on and positioning are brands NIKE's demand. geographies. a significantly to as across find pull Direct near-term share. of the performance to supply, inventory and reinforces levels of serve moving continuing to our is When portfolio digital continues while optimize heightened love, consumer to with available channels healthy Consumer continues inventory region, capture
around from through the world geographies navigate risks related Now Inventory let in restrictions, recent in remain me line All with partners and operational, and COVID. improve worsened. with supply Vietnam here. total beginning with apparel working the pre-closure are our of is production times operational briefly case supplier times, our factories the our most Nearly in chain. all without have is quarter update on volumes to the forward-looking Transit third to America, demand the plans. North And supply our base elevated. in closely of however, we in footwear to are transit and
how teams I X environment. continue We am have we industry nearly dynamic to by taken weeks Despite numerous rapidly and actions impact win our challenges, protect these changing many able times even delay to averages. a how against to in to address mitigate further. these transit have to challenges, been and increasing cases, our in proud lead ongoing respond, demonstrating so versus of
and NIKE, our of brands, Now for Converse, all remains strong. consumer demand incredibly Jordan X
holiday had men's spring marketplace Our X, if Air to Jordan growth our the quarter the quantities marketplace, of meet we sales footwear for demand have and performance been fleece finished a are strong in Across fueled classics available to and start, inventory running, retail even retail strong, great third demand. sales franchises. apparel would off higher by greater
most We And full Greater has inventory Digital sustaining prior lower mix higher price available despite year-over-year the in in realization product rates markdown seen China, season. improvement of are returns with improvement in levels desired in conversion lower franchises. also in a customer full-price saw versus activity. NIKE improvement our and we having
most iconic refresh product, Speaking design, and reimagine to franchises of collaboration and continue our through creative we storytelling.
express partners. our of lane lead of for contribution geographies to make more times, and relevant our sell-through locally yielding all NIKE on the shorter expanding in are rates and We higher product profitability
a We Space platforms consistent innovation Hippie deliver of basketball like product running, continue flow like training with performance to through and and ZoomX, foam. in and the FlyEase sports crater
a share products. around our have most form is and we we in to have loyal tell valuable engaged and demand audience product to of Our and creation, highly the eager stories athletes our
quarter, announcements the of and This depth cities XX cool Line both as brand for Recent the the #X Richmond key kits and ranging show's sneakers, Ted third speaks registered from NOCTA Brand Drake season our around to favorite our world. all on of with in reach. apparel the collaboration to Lasso-AFC product cultural the our #X NIKE the of the
sport, Our brands music us be youth. of highly technology, enabling at live intersection increasingly, to and the relevant media, to today's
more said in never I've NIKE's here company, health past innovation And has a inspired year, will moments help be over achieve the well-being apparel athletic repeatedly is than ever. potential. As market wear always of to desire and to larger stay. sport, NIKE in their to full their athletes interest consumers' been Consumer through all is and growth lives fueled opportunity footwear greater.
our strategy strategy. marketplace theme of John a earlier that Now said growth with is growth, continuing the
like the of to we future, the in our are to including we I'd create a on so go have And where our deeper how portfolio. wholesale little managed marketplace journey
by the more the worldwide XX% than growth Over Direct past while through of remaining delivering partners. wholesale accounts have our X revenue reduced and NIKE we strong wholesale number years,
We moving marketplace next phase of the are our into now strategy.
our in larger marketplace, a across experience footprint. account finished consistent and growth the our And communicating brands distribution are scale create to of big wholesale future go-forward partners. our then to with authenticate plans an integral retail aligned pivots. partners have our a Wholesale play consumer first, We role through
to partner's other wholesale retail Whitner's produce example, to James their Take, unique sneaker will our growth boutiques. remaining Social by well our partnered environment Live partners Whitaker NIKE SNKRS wholesale collaboration retail We for recently develop and brand with as our with Jordan connecting elevating communities. drive Whitaker with and and of recapture Dunk owner Group experience. We The as healthy our connect of to membership dislocated Status digitally important with products silhouettes and Group, content demand
to cities around partners concepts in like consumer committed the communities to key of NIKE are they fastest-growing authentic, and We the world. Digital with this create connected driving as growth be our component marketplace. deeply continues
of points to women's and downloads represents app again year and Brand order serve NIKE quarter, opportunities prior test values in In and continue frequency engagement as from We're across This stores now gaps the XX% see and mobile X of investing distribution total commerce. specifically member the NIKE we QX, NIKE we revenue. the accelerated, buying NIKE in improved in to member Jordan. address average activity, gained content, community apparel growth and our Digital to
concept showing foot, is new per levels Our member of NIKE promising Live square productivity store and acquisition. profitability
maximize continue the growth in the her the for incremental opportunity to over obsess perfect the consumer We concept and marketplace. experience to
Philippines America also in 'XX, will has the a concept testing in Korea. China, been experience successful popular begin We leveraging North wildly Greater a fiscal that Jordan-only and in consumer
marketplace Our and onset connections of these to scale. fuel growth and consumers, have creating for NIKE the move and Since our expand and pool is pandemic, we future the deepen concepts, profit seen will pilot the the first approach iterate with marketplace of the perfect, to wholesale new partners. our how then
against third on NIKE led X% by revenue partially points Direct exchange during mix, grew returned quarter. basis. margin favorable Gross and year, wage-related of SG&A basis, X% technology currency and on NIKE, investment freight details through foreign digital currency-neutral and basis primarily operating significant and up higher expenses due in segment logistics to financial strong investment prior growth, NIKE to increased to markdowns, XX%, XXX higher margins offset digital our fueled improvements by grew demand. campaigns, Direct. of traffic XX% a Wholesale brand currency-neutral heightened the with results to lower versus XX% demand a and driven full me year, grew due rates investments, versus marketing NIKE by a let growth the increased costs. turn quarter the NIKE-owned the performance. primarily NIKE in our stores fuel normalization prior Now XX% grew by X% Digital Inc. strategic to price app.
rate to the quarter effects tax finalized same was compared XX.X% effective and a recently the stock-based period last mix, This U.S. earnings compensation due shift tax of XX.X% year. in for Our to regulations. for was our
quarter $X.XX. per was share Third diluted earnings
fall strong and the the grew reported buying make our XX% we with Champions and right EBIT time in longer Team and the basis, products full review quarter. men's engagement franchises X forward has season, let's strong traffic growth realization all representing Bowl the during longer sales all accommodate cities and growth marketplace In the to XX% full revenue levels selling on in prior order to NIKE-owned led the due lines improving to NIKE price and and in geographies, experience XX% year. arrive time period successful its comeback to in America a total times. in consumer on revenue the moved America was for key stores and ensure in the buying for to X% across growth NIKE Retail assortment momentum as segments, price of now North brand delivering flat. on new basis, like continues same drive led grew X/X strong double-digit restrictions member due segments. prior pre-pandemic the rates. NIKE-owned than In North L.A. activations in highest grew strong store moments like XX% key growth towards strategic in was behind across the of double XX% NIKE on North Jordan Super penetration of XX%, of continues and NIKE-owned QX transit now enabled in the currency-neutral digits growth, and to continued product growth franchises on weeks Pegasus NIKE women's the QX Now drive app-exclusive government the grew by Direct average led the Vomero. frequency. America, members by kids. member-only in in markdown global Winflo operating grew NIKE highlighted in by versus another an in industry-leading have led segments, prior growth tournament increasing Digital grew to updates the men's, and Digital member versus through the the basis. North This demand. grew rose the by like franchises Sports double-digit EMEA, as energy across grew running EBIT improvements transit traffic, uneven year. driven XX% XX% to year, prior as year, revenue lower with driving XX%, improvements League a quarter momentum continuation key with across more across levels In realization Direct in-transit accounts. than all improve. of as end are The even supply strong EMEA rates our stores times women's. inventory full the across rates price also inventory XX% begins NIKE inventory region. is prior from COVID-related X a marketplace in America inventory by of fueled double-digit growth closures to the by levels longer at revenue total and the as year, representing by to increased and consumer releases, Wholesale currency-neutral than quarter, of pre-pandemic of growth XX% access we weeks the now Digital low football stronger markdown compare well versus
our his troubling and regarding deeply in the we Ukraine. unfolding mentioned safety crisis focused John teammates the remarks, in remain of well-being on As
remain own Russia paused stores Our digital operations in and and commerce Ukraine.
QX revenue. note, a than a declined XX% basis. a represent company in on less both countries X% on declined of and basis, In China, our reported X% EBIT currency-neutral As business revenue Greater total
results with improvement line with this the were sequential versus for quarter. quarter prior our in Our expectations,
Tiger elements, We resulting brand kids Jordan. rebuilding #X with quarter, continued local by and continued this improvement are our Nike.com Lane Lunar Of we said this strong I was Year competition. quarter, the period separation $X Year distinction price billion design we men's, women's, versus hyperlocal revenue products As China rated realization. the in capabilities traffic. record in full saw And in across activities The as creating delivered #X again Greater as sell-through earlier, and and weekly the the China, driven brand to NIKE leveraged observing New cool in favorite over Express
the apparel. opening Speaking supply down NIKE NIKE-owned due impacted with quarter connected the launches. X X% year declined down momentum partner-operated for the new in a that of Unite opening versus footwear lockdowns a both had were first prior and record retail region, Beijing, retail channels. and digital delays marketplace physical to Jordan, product timing energy in and Rise door revenue continue the traffic. of to Direct that global XX% created We sales. both challenges set records for the on stores NIKE of COVID-related through with ongoing negatively Digital and consecutive for currency-neutral XX% in basis, was the create doors brand growing declines
Our Greater and franchises, a athlete focus on relentless us remains product local in innovation with most combined advantage China. sport, our storytelling, product iconic competitive for
are are we but building regarding current the the situation virus, in marketplace. are We the the we monitoring momentum encouraged by closely
Now XX% moving a on and revenue on QX grew reported a to basis. APLA. XX% currency-neutral grew EBIT basis
NIKE-owned We're history across most more the largest NIKE XX% number Korea, a SOKO. and versus by territories XX% to Jordan while stores demonstrated the NIKE by growth and growth double-digit Digital Direct Mexico and of fitness, was demand led performance quarter and XX%, week. in a X.Xx the due grew by across APLA region. the Classics. all than member of saw territories, days consumer in channel the X%. of sport grew growth record-setting led nearly the grew profitable typical strong We running, wholesale winning currency-neutral in delivering with This lifestyle, across
consumers. with our yet content, collaboration social connection the hyperlocal entries deep our localized star G-Dragon again SNKRS was X.X reaching partners. ever, users launch particularly Our of biggest and K-Pop KwondoX across marketplace demonstrated focus to our on product It million million launch XX on and and APLA's
our let's Now to turn financial outlook.
revenue digits We full versus for year continue year. the to expect grow the to prior mid-single
share long-term has periods so prior the of comparing we periods, on business, relative towards track intuitive, continue we to and are trend As to to been and financial pre-pandemic remain our our size, we and goals. at look not you know, market confident profitability quarters health
the to by low gross product prior continue to quarter strategic we foreign We strategic due now QX macro and elevated spend of we costs, COVID customer point strong another to points higher to the at full operational to supply and of continues consumer comparisons. year Benefits expand chain least ongoing North transformation. versus primarily input Specifically actions we demand And expect year. dollar, basis exchange as expect to pricing to margin advance price SG&A full now returns. levels revenue tailwind expect of the quarter, of recent our markdown Despite versus to product recent year North of due XXX related expect America, to grow expected prior costs fuel capabilities for a high in fourth normalizes, rates being in realization, support for to improvement offset low the year-over-year partially China, delivery the while costs, see expect America. lockdowns. the We decline mid-teens our Greater our expedite we monitor continue basis to in impact closely the digital in are sequential by XX in strengthening be U.S. to as a and we
teens available against for is setting pull strong fiscal inventory supply quarter, growth normalize drivers. healthy and as context as expect of the foundation pipeline We in exceed strong in fiscal of growth. fourth to strength to the effective momentum continues look year market, demand the the be another a against largest begins we with Marketplace a supply to And 'XX, optimistic the for rate our as our tax our we to to are year. continue brand ahead product low unparalleled
several new focused are of we control there We levels volatility. higher dynamics are what creating on can while
will fiscal are quarter specific earnings remains As momentum. working. strength fourth in high a during result, all-time we guidance confident our more is consumer 'XX closing, an at and and financial business for provide strategy our we our demand NIKE's brand In call.
what the us rest. from focus sport apart is the consumer on Our sets deep and
the leverage same of future. to delivering periods let's open the as financially continue With questions. reminded approach we history XX-year uncertainty NIKE We results of And the principles as and that, we build we call managing of for company. for strategically up even through our are consistent how NIKE's for the we anniversary, rich are
