sportswear manufacturer, Nike shoes and accessories (NYSE: NKE) reported for the 4th quarter 2021 of the monetary year: revenue increased to 12,3 billion dollars — eighty-six percent compared to last year and twenty-one percent relative to 2019 of the year; digital sales added forty-one percent year-on-year and 147% by relation to 2019 year; unblemished profit was 1,5 billions — against the loss in 0,8 billions a year ago; gross margin increased by 850 base points, with 37,3 to 45,8 %; transaction costs increased by seventeen per cent: after quarantine, shops began to open and sports events were resumed again, therefore, spending on wages and advertising has increased. Each region saw a 10 percent increase in Nike sales, in almost everything due to the low base effect. A year earlier, the company's stores, along with the whole world, were closed for quarantine - everywhere, not counting the PRC, revenue fell by more than forty percent. In China, quarantine restrictions were lifted earlier, therefore, in the fourth quarter of last year, sales in the state fell by only three percent. In North America, in the main market for the company, revenue and digital sales increased by 141 and fifty four percent. Relatively 2019 year - on 29 And 177%. In the second largest market, Enabling?? Europe, Middle East and Africa, revenue and digital sales increased by 124 and forty percent. In relation to 2019 year - on 21 And 170%. Revenue grew least in China - by seventeen percent. Even before the report is published, UBS specialists, Morgan Stanley, Bank of America and other banks told, that sales growth in the PRC may slow down. In March, Chinese users announced a social media boycott of Nike.: clothing manufacturer informed, that he was "alarmed" by reports of forced labour …
Nike shares are up 14% after the 4 neighborhood 2021 of the year Read more