Global sportswear giant Nike Inc. said on Monday total revenues came close to $11 billion in the third quarter fiscal 2022, as the U.S firm saw a steady return to normal footfall across its owned stores across the globe.
In North America, the US sport and lifestyle giant is generating 48% of its sales via direct retail. A model that is set to be adopted internationally too, and at an even faster clip, as Nike's digital activities boom.
Shares of Nike Inc surged over 15% to a record high on Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from U.S.
The international sportswear giant has outlined its progress with issues of sustainability, corporate responsibility and diversity in its 2020 Impact Report and revealed new goals for these areas for 2025.