Nike advances despite high inventory levels
21/12/2022
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.