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NIKE, Inc. Fiscal 2021 Fourth Quarter & Full Year Results

NIKE present a solid year’s results driven by 4th Quarter resurgence. Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to $44.5 billion. NIKE Direct fourth quarter sales increased 73 percent to $4.5 billion. Gross margin for the fourth quarter increased 850 basis points to 45.8 percent. “NIKE’s strong results this quarter and…