Profits declined 28% in the Eager Beavertons’ final fiscal quarter ended May 31, falling to $1,031 million from $1,439 million prior, as revenues grew 5% on a reported basis to $12,825 million from $12,234 million, and would have been up 8% constant currency. Nike Direct drove the sales gains, increasing 15% to $5.5 billion, including 24% growth from brick-and-mortar stores and a 14% gain in e-commerce. Wholesale dwindled 2% to $6.7 billion, slowing as Nike tightened supply to help moderate channel inventories. Converse sales slipped 1% (+1% CC) to $586 million.

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