Nike: record sales but losing the kit battle at the Euros
Nike’s recent results were extremely impressive and its shares are also riding close to all-time highs. However, rival kit suppliers appear to be stealing the headlines at Euro 2020 and one of those is another of our Ultimate Stocks.
Nike Inc. (US:NKE), a constituent of our Ultimate Stocks portfolio, reported record May 2021 quarterly sales of $12.34m. This was the first time in the Group’s 50 year history that quarterly sales had exceeded $12 billion, highlighting the pent-up demand among sports hungry consumers.
Sign up and read the full article
Register to continue reading our content.
Already a member? Login
Previous article Next article
DON'T MISS OUT!
Get top investment ideas to help safeguard and grow your wealth.
Invaluable insight from the exciting world of smaller companies.REGISTER FREE
More on Adidas
- The Ultimate Stocks Portfolio reported 18% growth in 2021
- Alibaba proved a problematic addition to the portfolio
Sport used to involve mucking around in the park. These days it bears a closer resemblance…
More on Nike
News of a big acquisition resulted in a steep share price sell-off for one of our…
These high-quality companies in our Ultimate Stocks portfolio have the necessary defensive attributes to weather the…
More PortfolioMore on AdidasMore on Nike