Nike's Second Quarter Earnings in 3 Quotes
Nike (NYSE: NKE) is growing again. Just two quarters after reporting its worst sales slump on record, the company announced rising sales across each of its geographies, including in the key U.S. market. Inventory levels dropped and costs fell, too, which gives management plenty of flexibility heading into the second half of fiscal 2021.
CEO John Donahoe and his team said in a conference call with analysts last week that the pandemic has them feeling cautious about this short-term period. But they're as bullish as ever about Nike's opportunities to accelerate sales growth and hit a new level of profitability over the next few years.
Let's look at a few highlights from that call and dig down a bit on what they might mean for investors.
Source Fool.com
