Nike Q2 Profit Rises as Global Sales Increase

by Leave a Comment Tags: Industry News, What's New, Athletic, Footwear, Mark Parker, Nike Beaverton, OR—Nike reported Tuesday that its second quarter profit rose 2.6% as demand for its sport and athletic footwear, apparel and accessories increased globally. For the quarter ended Nov. 30, Nike posted net income of $469 million, or $1 a share, compared with $457 million, or 94 cents a year ago. That was better than analysts’ average expectation for earnings of 97 cents. Nike’s profit has surpassed projections in 21 out of 22 quarters. Net revenue rose 18% to $5.7 billion, up from $4.8 billion