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28

aug

NIKE, Inc. Reports Fiscal 2023 Second Quarter Results

NIKE, Inc. (NYSE:NKE) today reported fiscal 2023 financial results for its second quarter ended November 30, 2022. Second quarter reported revenues were $13.3 billion, up 17 percent compared to the prior year and up 27 percent on a currency-neutral basis*NIKE Direct sales were $5.4 billion, up 16 percent on a reported basis and up 25 percent on a currency-neutral basis NIKE Brand Digital sales increased 25 percent on a reported basis, or 34 percent on a currency-neutral basis Wholesale revenues grew 19 percent on areported basis and 30 percent on a currency-neutral basis Gross margin decreased 300 basis points to 42.9 percent Diluted earnings per share for the quarter was $0.85, up 2 percent."NIKE’s results this quarter are a testament to our deep connection with consumers," said John Donahoe, President and CEO, NIKE, Inc. “Our growth was broad-based and was driven by our expanding digital leadership and brand strength. These results give us confidence in delivering the year as our competitive advantages continue to fuel our momentum." ......

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28

aug

Jordan Wings Is Expanding Into the Philippines

The Jordan Brand Wings Scholars Program is expanding to the Philippines, helping break down barriers for young people to reach and define excellence on their own terms.The expansion adds to existing Wings programs in North America, China and France.Six Filipino undergraduates will receive full, four-year scholarships to Ateneo de Manila University. They will also receive skills training, career guidance and mentorship.The Jordan Brand Wings Scholars Program is expanding to the Philippines – a key home for basketball culture – adding to existing Wings programs in North America, China and France.Six Filipino undergraduates will join the global family of Wings Scholars in 2022. Partnering with the NGO Bahay Tuluyan, Jordan Brand Wings identified high-performing and committed students who are often the first generation in their families to go on to higher education and provided full, four-year scholarships to Jordan Brand partner university – Ateneo de Manila. The scholars will also receive skills training, career guidance and mentorship through their four-year journey at the university.........

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28

aug

Nike FC Presents “Footballverse”

“Footballverse,” the latest football campaign from Nike, champions incredible Nike players, past and present, by imagining a universe where they all compete together. The epic four-and-a-half-minute film features a dozen elite Nike athletes, including Alex Morgan, Cristiano Ronaldo, Kylian Mbappé, Ronaldinho and Sam Kerr. The film exemplifies Nike’s long-standing belief that the future of sport has infinite potential — and encourages a new generation of footballers to prove it. What would the greatest all-time Nike Football line-up look like, past, present, and future? How would some of the legends of the game stack up against the icons of today or athletes of tomorrow? Ronaldinho against Mbappe? Or 1998 Ronaldo against 2002 Ronaldo? Alex Morgan and Edgar Davids on the same side? The timeless debate of who’s best could be solved for one brief moment in Nike’s latest film “Footballverse.”“Footballverse” exemplifies Nike’s long-standing belief that the future of sport has infinite potential — and encourages a new generation of footballers to prove it. ......

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