Nike reports fiscal 2021 first quarter results
Sports retailer Nike reported fiscal 2021 financial results for its first quarter ended August 31, 2020. Among others, it releases that:
- First quarter revenues are down 1%
- NIKE Brand digital sales increased 82%
- NIKE Direct sales were up 12%
John Donahoe, President and CEO of NIKE, Inc. said: ‘Our first quarter revenue performance was impacted by strong NIKE Brand digital growth of 82 percent, offset by lower revenue in our wholesale business and NIKE-owned stores.’
NIKE, Inc. Reports Fiscal 2021 First Quarter Results
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