Converse and Jordan Drive Nike Q2 Growth, While Increased Tariffs Hinder Stock Performance

Nike recently reported its fiscal 2020 second quarter results, which detailed another positive quarter for the sportswear brand. Revenues for Nike, Inc. alone increased 10% to $10.3 billion, which was noticeably higher than its predicted $10.08 billion.While Nike's sales grew 12%, Converse's sales grew 15%, marking the second consecutive quarter where Converse grew at a quicker rate. In a conference call with analysts, Nike Chief Financial Officer Andy Campion cited a particular Converse model a...