25 days ago • Posted by William Ramstein
Nike sales are down--net income is unaffected.
While Nike dominates the sneakers world as shown earlier this morning, their sales have shrunk due to the pandemic. The company blames shipping issues as cause for lower sales. Nike forecasts low to mid teens full year revenue growth. However, net income climbed to $1.45 billion ot 90 cents per share in the third quarter end Feb 28th a rise from $847 million a year earlier.
Source: the company