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Nike Shares Rise as Pandemic Fuels Sneaker Maker s Online Growth, Annual Revenue Outlook Gets a Boost

These are times when strong brands get stronger, Chief Executive John Donahoe said during an earnings conference call. Permanent shifts toward digital, athletic wear, and health and wellness, continue to offer us incredible opportunity. With this momentum, Nike raised its fiscal 2021 outlook, calling for revenue to rise at a low-teens percentage year over year. Analysts had been calling for growth of 12.3%, according to Refinitiv. Donahoe said Nike s profit outlook is improving, too, as it plans for less discounting in the coming quarters. Its shares jumped more than 5% in after-hours trading. Here s how the company did during its fiscal second quarter, compared with what analysts were expecting, based on Refinitiv data:

Nike Shares Rise as Pandemic Fuels Sneaker Maker s Online Growth, Annual Revenue Outlook Gets a Boost

These are times when strong brands get stronger, Chief Executive John Donahoe said during an earnings conference call. Permanent shifts toward digital, athletic wear, and health and wellness, continue to offer us incredible opportunity. With this momentum, Nike raised its fiscal 2021 outlook, calling for revenue to rise at a low-teens percentage year over year. Analysts had been calling for growth of 12.3%, according to Refinitiv. Donahoe said Nike s profit outlook is improving, too, as it plans for less discounting in the coming quarters. Its shares jumped more than 5% in after-hours trading. Here s how the company did during its fiscal second quarter, compared with what analysts were expecting, based on Refinitiv data:

Nike Earnings Preview: Surging Online Sales, China Rebound Offset COVID Impact

Nike Earnings Preview: Surging Online Sales, China Rebound Offset COVID Impact
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