The global sportswear giant posted revenue of $51.2bn (£40.5bn) for the 12 months ending May 2023 – 10% higher than what it reported last year and 16% higher on a constant currency basis.

Nike brand sales grew 10% year on year and 16% on a constant currency basis to $48.8bn (£38.62bn), driven by double-digit growth across Nike Direct and Nike’s wholesale business.