Nike Reports Surging Revenue Growth in Fiscal 2023 Second Quarter Results

Nike, Inc. on Wednesday reported its fiscal 2023 financial results for its second quarter ending on November 30, revealing one of its best quarterly revenue growths in more than a decade.

The company’s revenue increased to $13.3 billion USD, which is a 17% increase when compared to last year’s figure. The number, which beat an estimate of $12.57 billion USD, marks Nike’s best report in 42 quarters, aside from a 95% growth in the fourth quarter of 2021 when retail stores opened following pandemic lockdowns.

Revenues for the