Driven by double-digit growth on a direct-to-consumer business, Converse revenues during the year also rose 6% to $2.3bn on a reported basis.
Its net income increased by 6% to $6.0bn and its diluted earnings per share (EPS) were $3.75, up by 5% from the prior year.
During the fourth quarter of FY22, NIKE reported $12.2bn in revenue, down by 1% compared with the corresponding period OF the prior year.
Revenues of its NIKE Direct business were up by 7% to $4.8bn, while Converse’s revenues decreased by 1% to $593m from Q4 2021.
In addition, NIKE ‘s wholesale revenues fell by 7% to $6.8bn compared with the prior-year period.
“Our competitive advantages, including our pipeline of innovative products and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport.”
The company suspended operations at all its Russian company-owned and company-operated stores in March.