Nike latest quaterly earning.
Nike’s latest quarterly earnings, which it posted yesterday, were very much in shape.
The athletic giant’s earnings and sales beat analysts’ expectations (revenue of $10.33 billion instead of $10.09 billion) and the company’s Jordan brand reported its first-ever $1 billion quarter.
The one slightly sour note was that North American sales were $3.98 billion instead of the anticipated $4 billion.
The brand’s famous swoosh now also appears on the front of Major League Baseball uniforms thanks to a new ten-year deal that’s allegedly worth $1 billion.