Home / Knowledge / News / Results/Reports / Nike's Q2 FY21 revenue grows 9% to $11.2 bn

Nike's Q2 FY21 revenue grows 9% to $11.2 bn

Dec '20
Pic: Shutterstock
Pic: Shutterstock
Nike, a US-based designer of authentic athletic footwear, apparel and accessories, has reported 9 per cent revenue increase to $11.2 billion in its second quarter fiscal 2021, ended on November 30, compared to revenue of $10.3 billion in same period previous year. Company’s net income for the quarter rose 12 per cent to $1.2 billion (Q2 FY21: $1.1 billion). 
“Nike’s strong results during a dynamic environment show the power of staying on the offense,” John Donahoe, president and CEO at Nike, said in a press release. “Fuelled by compelling innovative product and global brand momentum, we continue to extend our leadership. Our strategy is working, and we are excited for what’s ahead.”
Gross profit during Q2 FY21 grew to $4.8 billion ($4.5 billion). However, total selling and administrative expenses dropped to $3.2 million ($3.3 billion). 
Revenues for the Nike brand increased 8 per cent to $10.7 billion whereas, Converse brand revenue fell 4 per cent to $476 million. Nike brand’s digital sales jumped 84 per cent during Q2 FY21.
During the reported quarter, revenue in North America came down marginally 1 per cent to $4.0 billion ($3.9 billion), while Europe, Middle East and Africa reported 17 per cent growth to $2.9 billion ($2.5 billion). Asia Pacific & Latin America revenue remained stagnant at $1.4 billion. Revenue in Greater China increased 24 per cent to $2.2 billion ($1.8 billion).
“As we look ahead, we are focused on moving even faster against our strategic vision of consumer direct acceleration and fuelling sustainable, long-term growth and profitability,” Donahoe said.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Digital e-com rules may negatively affect developing

Many digital rules being framed by a group of 86 countries under the...

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Jordan govt urged to impose tax on online purchases from

Asad Qawasmi, who represents the garment and jewellery sector at the...

Pic: Huntsman Textile Effects

Textiles | On 3rd Mar 2021

Huntsman, Sciessent partner for microbe & odour resistant

Huntsman Textile Effects, a Singapore-based provider of high-quality...

Interviews View All

Anshul Sood, Oceedee

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Top executives, Retailers

Top executives

Weak rupee breeds inflation

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...



Italtex is a leading studio publishing fabric trend-books since 1959....

Kevin Nelson, TissueGen

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search