Nike Inc. (NKE) reported its fiscal 2022 financial results for its second quarter ended November 30, 2021. Let’s take a closer look at the numbers.
The US sporting goods company reported revenue of $11.36 billion in the quarter (up by 1% from the same period last year) vs. $11.25 billion expected.
Earnings per share was at $0.83 a share (up by 6% from last year) vs. $0.63 per share expected by the analysts on Wall Street.
John Donahoe, President and CEO of Nike commented on the latest financial results: “NIKE’s strong results this quarter provide further proof that our strategy is working, as we execute through a dynamic environment.”
“We are now in a much stronger competitive position today than we were 18 months ago. And I want to thank our roughly 75,000 global teammates for all their work to provide consumers with the compelling new product, innovation and experiences that only NIKE can deliver,” he added.
Nike Inc. Chart (1Y)
Shares of Nike were trading around 3% higher in the after hours trading. The stock is up by 9% in the past year at $156.98 per share.
Nike is the 41st largest company in the world with a market cap of $248.47 billion.
Sources: Nike, TradingView, CompaniesMarketCap
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