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Investor Contact : Paul Trussell investor.relations@nike.com Media Contact : KeJuan Wilkins media.relations@nike.com NIKE , INC . REPORTS FISCAL 2022 SECOND QUARTER RESULTS _ BEAVERTON , Ore . , Dec. 20 , 2021 NIKE , Inc. ( NYSE : NKE ) today reported fiscal 2022 financial results for its second quarter ended November 30 , 2021 . • • • • Second quarter reported revenues were $ 11.4 billion , up 1 percent compared to prior year and flat on a currency - neutral basis . * NIKE Direct sales were $ 4.7 billion , up 9 percent on a reported basis and up 8 percent on a currency - neutral basis . NIKE Brand Digital sales increased 12 percent , or 11 percent on a currency - neutral basis , led by 40 percent growth in North America . Gross margin increased 280 basis points to 45.9 percent . Diluted earnings per share for the quarter was $ 0.83 , up 6 percent . " NIKE's strong results this quarter provide further proof that our strategy is working , as we execute through a dynamic environment , " said John Donahoe , President and CEO , NIKE , Inc. " We are now in a much stronger competitive position today than we were 18 months ago . And I want to thank our roughly 75,000 global teammates for all their work to provide consumers with the compelling new product , innovation and experiences that only NIKE can deliver . " 11 ** Second Quarter revenues were flat on a currency - neutral basis as we continue to manage the ongoing impact of supply chain challenges across the marketplace . Revenues in Greater China and APLA declined , largely due to lower levels of available inventory resulting from COVID - 19 related factory closures . While closures had an impact across our portfolio , North America and EMEA delivered growth due to higher levels of in - transit inventory entering the second quarter . Despite continued inventory constraints and supply chain challenges , NIKE Direct grew 8 percent , led by North America Direct growth of 30 percent , including record Black Friday week results . NIKE Brand Digital delivered strong revenue growth of 11 percent , led by double - digit growth in North America and APLA , partially offset by a decline in Greater China . Contributing to NIKE Direct growth was the steady normalization of owned physical retail with NIKE owned stores up 4 percent . " Our second quarter results reflect our deep consumer connections , the continued strength of our brands and strong marketplace demand , " said Matt Friend , Executive Vice President and Chief Financial Officer , NIKE , Inc. " As we navigate through short - term supply challenges , we are focused on executing our Consumer Direct Acceleration strategy to fuel our long - term financial outlook . " ** Second Quarter Income Statement Review • Revenues for NIKE , Inc. increased 1 percent to $ 11.4 billion compared to the prior year and were flat on a currency - neutral basis . ° Revenues for the NIKE Brand were $ 10.8 billion , flat to prior year on a currency - neutral basis , driven by NIKE Direct growth , offset by lower revenues in our wholesale business .