Market Updates
Focus on U.S. Direct Sales Lifts Nike Sales
Scott Peters
24 Mar, 2022
New York City
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Nike said February quarter sales rose 5% to $10.87 billion from a year ago and earnings edged lower to $1.4 billion from $1.45 billion in the previous quarter. Earnings per share fell to 87 cents from 90 cents. The athletic goods maker has increasingly shifted from wholesale to selling direct.
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