In the last trimester ending November 30, Nike accounted net profits of $842 million, rising by 7% compared to the $785 mln from last year.
Earnings per share increased by 11%, from 46 cents to 51 cents. Also the net for extra items jumped to 50 cents from 45 cents, beating analysts’ expectations at 43 cents.
In the sportswear giant’s second fiscal quarter, revenue was close to $8.2 billion going up by 6% compared to $7.7 billion in the previous year; the market estimated a maximum of $8.09 billion.
The driving force of sales, according to Nike, was the higher demand of Nike brand products on a global scale. “We are well positioned to continue the positive trend in the second half of the fiscal year and beyond,” said Mark Parker, CEO, president and chairman of the company.
Nike’s share price raised consistently since then, bringing the stock value above $53. For the first time, the public budget did not include a piece of information heavily studied by the market: future orders, which indicated expected demand.
Nike’s notable sponsored Serie A players include: Gonzalo Higuain, Francesco Totti, and Paulo Dybala.