Nike Records $11.2 Billion Revenue for Q2 of Fiscal 2021

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With only a few days left before the end of 2020, Nike has reported some good news, it was able to gain $11.2 billion USD in revenue during the second quarter of the fiscal 2021 year (which closed on November 30).

According to the report, this marks a 9% increase in growth compared to last year’s results, while China helped to boost the company’s revenue by 24%. In addition, digital sales have also increased by 84%.

 “Nike’s strong results during a dynamic environment show the power of staying on the offense,” said John Donahoe, President and CEO of Nike, in a press release. “Fueled by compelling innovative product and global brand momentum, we continue to extend our leadership. Our strategy is working, and we are excited for what’s ahead.”

Nike was forced to close the doors to some of its brick and mortar shops throughout the course of the year due to the ongoing COVID-19 pandemic.

Head over to Nike’s website for more information about its fiscal 2021 second-quarter results.

Image courtesy of Nike

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