Nike, Inc. (NYSE: NKE) on Thursday reported outcomes for the primary three months of fiscal 2024, reporting a modest rise in revenues.
The sneaker big reported internet earnings of $1.45 billion or $0.94 per share for the August quarter, in comparison with $1.47 billion or $0.93 per share within the corresponding interval of fiscal 2023.
Nike’s first-quarter revenues got here in at $12.94 billion, in comparison with $12.69 billion in the identical interval of the earlier yr. Revenues of the Footwear phase, which accounts for round 65% of the whole, elevated.
“Shifting ahead, we’re laser-focused on scaling these successes with larger consistency and velocity as we proceed to combine and streamline our enterprise. That is how we’ll lengthen our management place and drive development over the long run,” mentioned John Donahoe, Nike’s chief monetary officer.