Nike Reports Strong Growth for their First Quarter of Fiscal Year 22

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Nike Reports Strong Growth for their First...
 © Nice Kicks 2021
Nike’s positioning as the world’s most beloved sneaker and apparel brand continues to be displayed through their earnings reports. For their first quarter results of the fiscal year 2022, the Beaverton sportswear firm reported strong results for revenue, gross margin, earnings per share, and other financial metrics. For 1Q22, the Swoosh’s emphasis on digital channels, direct to consumer business model, and adaptability to the macroeconomic environment have spurred an increase in revenues of 16%, up to $12.2 billion. Of that, Nike...

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