Nike Q3 Earnings

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:

  • Nearly all of our supplier base is operational without restrictions

  • Our growth in the third quarter would have been even higher if we had more significant quantities of available inventory to meet marketplace demand.

  • Gross margin increased 100 basis points versus the prior year

Just an incredible behemoth of a firm. One of the most solid businesses around, with sustained possibilities for the year after year growth.