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Scott Galloway on CEOs, Big Tech, and Energy
Motley Fool Money
Is This a Trend We're Going to See?
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The overall quarter wasn't terrible for Nike. Their revenue was up 4% to $12.7 billion, their direct sales were up 8%. Their brand digital sales were up 16% with 46% growth in EMEA. They're working on liquidating their excess inventory with their inventories up 44%, and their elevated transit inventories from some supply chain volatility. I think that they have a brand name that and consistent revenue growth, even during hard times in recessionary periods.
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highlights
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