Nike has released its Fiscal 2022 Q1 results report. Though store closures and shipping delays have been a common denominator for the last year, the brand grew in a handful of categories.
“Nike’s strong results this quarter are continued proof of our deep consumer connections, unrelenting innovation pipeline, and a digital advantage that fuels our brand momentum,” said John Donahoe, President, and CEO, Nike, Inc. “We have the right playbook to navigate macroeconomic dynamics, as we create value through our relentless drive to fuel the future of sport.”
The first quarter reported revenues were $12.2 billion, up 16 percent compared to the prior year. In addition, Nike’s direct sales were $4.7 billion, up 28 percent on a reported basis.
“Nike is a growth company with a market opportunity as large as it’s ever been,” said Matt Friend, Executive Vice President, and Chief Financial Officer, NIKE, Inc. “Our Q1 results illustrate how Nike’s Consumer Direct Acceleration strategy continues to fuel growth and transform our long- term financial model.”
Read the full report over at Nike, and stay tuned to SoleSavy for more Nike news.
