Nike Q3 Earnings Highlights!
- Revenue $10.9Bn (+5% YoY)
- Gross margin 46.6% (+100bps YoY)
- Brand Digital Sales +19% YoY
- Direct Sales $4.6Bn (+15% YoY)
Important quotes:
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Nearly all of our supplier base is operational without restrictions
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Our growth in the third quarter would have been even higher if we had more significant quantities of available inventory to meet marketplace demand.
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Gross margin increased 100 basis points versus the prior year