Clothing & Shoes

Nike Q2 revenues surge 17% to $13.3bn

An excess of merchandise led to ‘aggressive’ markdowns, which helped reduce Nike’s gross margins to 42.9% from 45.9% a year ago

Nike saw its revenues reach $13.3bn (£10.9bn) during the second quarter ended 30 November 2022, which is an increase of 17% compared to the prior year and an increase of 27% on a currency-neutral basis. 

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