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12/20/2021, 10:17 PM (Source: TeleTrader)
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Nike B-6.38%

83.11
Chart for: Nike Inc

Nike's Q2 revenue at $11.4B, up 1% YoY

Nike Inc. unveiled on Monday that its total revenue for the second fiscal quarter of 2022 increased 1% when compared to the same period last year climbing to $11.4 billion.

At the same time, the company's direct sales were $4.7 billion, constituting a 9% per annum gain. Meanwhile, Nike Brand Digital sales saw a yearly rise of 12%, with a 40% growth in North America. The company's diluted earnings per share were up by 6% year-over-year to $0.83.

Nike CEO John Donahoe commented on the results: "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."

Nike shares were up by 3.50% in after-hours trading following the release of the report.

Baha Breaking News (BBN) / OL