In the midst of another down day on Wall Street, Nike delivered some holiday cheer via second-quarter earnings that skipped past Wall Street expectations. The Portland-based global brand reported global revenues were up 10 percent to $9.4 billion and profits were up 12 percent.
Nike called out apparel sales as especially strong and noted that units and pricing were up in both footwear and apparel. The brand said in the second half of next year, it would launch a men’s yoga collection, and noted the potential to grow women’s sales.
Nike said women’s footwear sales were up up 20 percent during the quarter and sited the Air Force 1 Sage as the No. 1 shoe on nike.com for five weeks running. The brand also pointed out it was dominating women’s shoe priced over $120 with high demand for Air Max 270, Vapormax and Epic React silhouettes.
