Daily Management Review

Nike's profit up by 32% in Q2


12/20/2019


Nike's net income rose 32% in the second quarter (ended November 30) to $ 1.12 billion ($ 0.7 per share) from $ 847 million ($ 0.52 per share) in the second quarter of last year.



Phillip Pessar via flickr
Phillip Pessar via flickr
Revenues increased 10% to $ 10.3 billion from $ 9.4 billion in the second quarter of last year, the company said.

Nike's revenue in China, including Hong Kong, Macau and Taiwan, rose 20% to $ 1.847 billion from $ 1.544 billion a year earlier. Sales in North America increased 5% to $ 3.982 billion.

Revenues in Europe, the Middle East and Africa increased by 10% to $ 2.537 billion, in the countries of the Asia-Pacific region and Latin America - by 13% to $ 1.468 billion.

Shares of Nike fell 2.1% on Thursday. Since the beginning of the year, the company's capitalization has grown by 36.4% to $ 156.99 billion.

source: bloomberg.com






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