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Nike's overall positive performance involved strong results from its digital and direct-to-consumer (DTC) businesses: The company's direct sales were $4.6 billion, up 15% from a reported basis and ...
Nike pointed to strong sales around big shopping events like Black Friday and China's Singles Day, yet the company warned of "indications of more cautious consumer behavior around the world in an ...
Nike reported earnings on Thursday as investors remain focused on any signs of a consumer slowdown in North America and slower growth in China.
Fears that Nike had something to hide by announcing its Q2 earnings on a Friday were firmly put to rest when the Swoosh brand posted results that solidly beat analyst expectations.
Digital sales climbed more than 30% in Greater China, while sales in the region, its fastest-growing segment, fell 5% due to the store closures in the reported quarter.
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Since the start of September, analysts have cut their full-year sales expectations for Nike to $49.85 billion from $50.34 billion. Nike sales likely to suffer as inflation hits sneakerheads Skip ...