In the three months to the end of November, the Adidas rival achieved sales of 11.4 billion US dollars (10.06 billion euros), one percent more than a year earlier, as the company reported on the Monday after the US market closed Beaverton announced.
The bottom line was that Nike made $ 1.34 billion in profits, seven percent more than a year ago thanks to cost reductions. Analysts had expected less in terms of both sales and profits. The share rose after the hours of trading by 2.7 percent.
Excluding exchange rate effects, revenues in the Americans’ second fiscal quarter would have been as high as in the previous year. The group referred to persistent delivery bottlenecks. In China, sales even fell significantly due to the lack of inventories. North America and Europe, on the other hand, have brought growth, also because goods previously on the transport routes have now increasingly reached the markets.
Source: Nachrichten
