Nike's Q2 FY21 revenue grows 9% to $11.2 bn

Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company’s net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). 

 

Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company's net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). #

“Nike’s strong results during a dynamic environment show the power of staying on the offense,” John Donahoe, president and CEO at Nike, said in a press release. “Fuelled by compelling innovative product and global brand momentum, we continue to extend our leadership. Our strategy is working, and we are excited for what’s ahead.”

 

Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company's net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). #

Gross profit during Q2 FY21 grew to $4.8 billion ($4.5 billion). However, total selling and administrative expenses dropped to $3.2 million ($3.3 billion). 

 

Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company's net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). #

Revenues for the Nike brand increased 8 per cent to $10.7 billion whereas, Converse brand revenue fell 4 per cent to $476 million. Nike brand’s digital sales jumped 84 per cent during Q2 FY21.

 

Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company's net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). #

During the reported quarter, revenue in North America came down marginally 1 per cent to $4.0 billion ($3.9 billion), while Europe, Middle East and Africa reported 17 per cent growth to $2.9 billion ($2.5 billion). Asia Pacific & Latin America revenue remained stagnant at $1.4 billion. Revenue in Greater China increased 24 per cent to $2.2 billion ($1.8 billion).

 

Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company's net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). #

“As we look ahead, we are focused on moving even faster against our strategic vision of consumer direct acceleration and fuelling sustainable, long-term growth and profitability,” Donahoe said.