Nike posts another strong quarter thanks to digital strategy

The footwear and apparel company on Tuesday posted earnings of $0.86 per share for the three months ending in August, up 28% from the same period in the prior year. That growth was driven by a 7% increase in revenue and expanding gross margins in direct to consumer sales. Total net income was up 25% in the quarter to $1.4 billion.

Source: https://edition.cnn.com/2019/09/24/business/nike-earnings/index.html?fbclid=IwAR3KfYgBv8igocNd-XLKm1koRZdFWEnNrPGgg1aqRVN5QAhoP5gI0J-A0YI

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