Earnings

Nike (NKE) Q2 2022 earnings

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Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021.

Nina Westervelt | Bloomberg | Getty Images

Nike shares climbed more than 4% in extended trading Monday after the sneaker maker reported fiscal second-quarter earnings and sales that topped analysts’ expectations, despite ongoing supply chain pressures.

Chief Executive Officer and President John Donahoe said the retailer is in a “much stronger competitive position” than it was pre-pandemic.

While Covid-related factory closures overseas dented some of its progress earlier in the year, Nike said shipments of inventories picked up in this latest quarter, particularly in North…



Source cnbc.com

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