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Investor Contact : Andy Muir ( 971 ) 473-3143 Media Contact : KeJuan Wilkins ( 971 ) 473-2556 NIKE , INC . REPORTS FISCAL 2021 THIRD QUARTER RESULTS BEAVERTON , Ore . , Mar. 18 , 2021 NIKE , Inc. ( NYSE : NKE ) today reported fiscal 2021 financial results for its third quarter ended February 28 , 2021 . ● Third quarter reported revenues were $ 10.4 billion , up 3 percent compared to prior year and down 1 percent on a currency - neutral basis * led by Greater China reported revenue growth of 51 percent . NIKE Direct sales were $ 4.0 billion , up 20 percent on a reported basis , and up 16 percent on a currency - neutral basis . NIKE Brand digital sales increased 59 percent , or 54 percent on a currency - neutral basis , with strong double - digit increases in all geographies . North America reported revenue declined 10 percent due to supply chain challenges , including global container shortages and U.S. port congestion , impacting the flow of inventory and timing of wholesale shipments . Gross margin increased 130 basis points to 45.6 percent . Diluted earnings per share for the quarter was $ 0.90 . " NIKE continues to deeply connect with consumers all over the world driven by our strong competitive advantages , " said John Donahoe , President & CEO , NIKE , Inc. " Our strategy is working , as we accelerate innovation and create the seamless , premium marketplace of the future . I've never been more confident in our leadership and teams to operate with agility in a dynamic environment . " ** Our third quarter revenue performance was impacted by disruption related to the COVID - 19 pandemic , particularly in North America and EMEA . North America revenues declined 11 percent on a currency - neutral basis , largely driven by global container shortages and U.S. port congestion , which delayed the flow of inventory in the third quarter by more than three weeks , impacting timing of wholesale shipments , and partially offset by NIKE Direct growth of 15 percent . EMEA physical retail sales declined , as 45 percent of NIKE - owned stores experienced mandatory COVID - 19 related closures for the last two months of the quarter , however this was partially offset by digital sales , which increased 60 percent . Today , approximately 65 percent of stores in EMEA are open or operating on reduced hours . Greater China revenues increased 42 percent on a currency - neutral basis , which reflects strong double - digit growth versus the third quarter of fiscal year 2019 as we annualize the impact of COVID - 19 , as well as continued strong digital sales growth of 44 percent versus prior year . " NIKE's brand momentum is as strong as ever and we are driving focused growth against our largest opportunities , " said Matt Friend , Executive Vice President and Chief Financial Officer , NIKE , Inc. " We continue to see the value of a more direct , digitally - enabled strategy , fueling even greater potential for NIKE over the long term . " **