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Nike advances despite high inventory levels

21/12/2022
Nike advances despite high inventory levels

Athletic footwear and sportswear company Nike has reported its latest quarterly revenues for the period ended November 30.

Group revenues grew 17% year on year to $13.3 billion.

Flagship sports brand Nike took a $12.7 billion share of the total, representing a year-on-year increase of 18%, while company-owned casual shoe brand Converse generated revenues of $586 million, up 5% on the year previous.

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