On December 21, Nike announced the results of the second quarter of fiscal year 2022. Q2 revenue was 11.36 billion U.S. dollars, a year-on-year increase of 1%, slightly exceeding market expectations of 11.25 billion U.S. dollars; at the same time, the 2022 fiscal year ending on November 30, 2021 In the first half of the year, total revenue was US$23.605 billion, a year-on-year increase of 8%.
Overall, Nike's performance in the global market is relatively impressive. However, in terms of regions, the Greater China region, Asia-Pacific and Latin America declined significantly in the second quarter of the financial reporting period, especially the Greater China region.
According to the financial report, in the second quarter of fiscal year 2022, revenue in Greater China was US$1.844 billion, a year-on-year decrease of 20%; compared with US$1.982 billion in the first quarter of fiscal year 2022, a slight decline of 6.96%; and the first half of fiscal year 2022 It can be seen that the overall semi-annual revenue in Greater China has also fallen by 6% year-on-year.
In other regions, Asia-Pacific and Latin America revenue was US$1.347 billion, a year-on-year decrease of 8%; North America revenue was US$4.477 billion, a year-on-year increase of 12%; Europe, the Middle East and Africa region revenue was US$3.142 billion, a year-on-year increase of 6% .
According to the financial report and the explanation of the conference call in the second quarter of fiscal year 2022, the decline in Greater China is mainly due to the impact of the epidemic, the reduction of available inventory due to the closure of factories, and the interruption of the supply chain. In particular, the closure of the Vietnam factory directly caused Nike to cancel the production of about 130 million equipment.
However, supply chain issues have been highlighted in the first quarter of Nike's 2022 fiscal year. At that time, it was also stated that the
2021-12-24