Nike's income of the second quarter of the second fiscal quarter exceeds expectations, and the total income of Greater China is lower than analyst expectations.However, Nike emphasized that its product demand in China is growing.
announced the second quarter results as of November 30, 2022.Nike's revenue in the second quarter was approximately US $ 13.315 billion (S $ 18 billion), an increase of 17%year -on -year, higher than the US $ 12.6 billion expected by analysts.The net profit was about 1.331 billion US dollars, close to 1.337 billion US dollars in the same period last year.After dilution, the income per share was $ 0.85, an increase of 2%.
According to Reuters and surging news reports, as of Tuesday (December 20) the US stocks closed, Nike slightly rose 0.16%to close $ 103.21.After the US stock market, Nike rose more than 12%.
Except for the fourth quarter of 2021, the performance of the best transcript has been surrendered since the beginning of the business in the operation of the epidemic control just after one year after the epidemic control.
Nike Chief Financial Officer Matt Friend pointed out at the conference call that the company carried out large -scale promotional activities, and the sales momentum of holidays continued until the first few weeks of December.
In terms of divided regions, Nike's revenue in the North American market in its large base camp increased by 30%year -on -year to US $ 5.83 billion. In the European, Middle East and African markets, Nike recorded US $ 3.489 billion in revenue, an increase of 11%year -on -year.The impact of exchange rates increases by 33%.
As the third largest market in Nike, the total revenue of Greater China in this quarter was 1.788 billion US dollars, which was lower than analyst expectations, a year -on -year decrease of 3%, and the impact of exchange rates was 6%.MorningStar analyst David Swartz believes that Nike's Greater China business is still weak, but in recent weeks, it is showing signs of recovery. Swots said: "This is great for Nike."
Nike introduced that its product demand in China has increased.Nike's executives said that as the Chinese government optimized and adjusted the epidemic prevention and control measures, they were paying close attention to market conditions.
