Nike Rallies in a Strong Fiscal Quarter Following a Previous 38% Revenue Drop

Following a tough fourth quarter in the 2020 fiscal year that saw its revenue plummet by 38 percent, Nike Inc. has now rallied in over Q1 2021, bringing $10.6 billion USD in revenue to match its performance the same time last year. $3.7 billion USD in direct sales translates to a 12 percent rise, with the brand noting growth across "all geographies." Most significantly, digital sales surged by 82 percent, with the company recording double-digit increases all across North America, Greater China, ...