Revenue and earnings beat expectations.
NIKE Brand revenues were $12.1 billion, up 1% on a reported and currency-neutral basis, while Wholesale revenues were $7.5 billion, up 8% on a reported and currency-neutral basis. The increases were driven mainly by growth in North America.
NIKE Direct revenues were $4.6 billion, down 8% on a reported basis and down 9% on a currency-neutral basis, due to decreases in NIKE Brand Digital and NIKE-owned stores.
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Revenues for Converse were $300 million, down 30% on a reported basis and down 31% on a currency-neutral basis, due to declines across all territories.
In Q2, the company returned approx. $598 million to shareholders through dividends, up 7% from the prior year.
Prior performance
