Nike (NKE) reviews earnings and gross sales within the second quarter of fiscal 2021

A woman carries Nike shopping bags at the Citadel Outlet mall while the global coronavirus disease (COVID-19) outbreak continues in Commerce, California, United States on December 3, 2020.

Lucy Nicholson | Reuters

Nike reported quarterly sales and earnings on Friday that exceeded analyst estimates, driven by triple-digit online growth in North America and strong Chinese consumer demand for sneakers and workout apparel.

Shares rose more than 5% in after-hours trading.

Here’s how the company performed in the second quarter of the fiscal year compared to analyst expectations based on refinitive data:

  • Earnings per share: 78 cents versus 62 cents, expected
  • Revenue: $ 11.24 billion versus $ 10.56 billion expected

At the close of the market on Friday, Nike shares were up more than 37% this year. The company has a market capitalization of $ 215.5 billion.

The full press release on Nike’s earnings can be found here.

This story evolves. Please try again.

You might also like

Comments are closed.