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Sports giant Nike, Inc. (NYSE: NKE ) on Tuesday reported a modest increase in earnings for the second quarter of 2023, while profits doubled. The latest numbers also came in above Wall Street expectations.
Second quarter net income was $1.33 billion or $0.85 per share, compared to $1.33 billion or $0.83 per share in the corresponding fiscal 2022 period.
November quarter revenue rose 17% from last year to $13.3 billion. The top line also came in above the consensus forecast.
Check out this space to read management/analyst commentary on Nike’s Q2 2023 earnings
“Consumer demand for the NIKE brand portfolio continues to drive strong business momentum in a dynamic environment. We remain focused on what we can control, and we are on track to achieve our operational and financial goals – setting the foundation for sustainable and profitable growth,” said Matthew Friend, Nike’s chief financial officer.
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