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Nike Posts Huge Earnings After Kaepernick Ad, Leaving Egg on These Right-Wing Pundits' Faces
Link to tweet
https://www.thedailybeast.com/nike-posts-huge-earnings-after-kaepernick-ad-leaving-egg-on-right-wing-pundits-faces?via=twitter_page
As we now know, Nike did not “go broke.”
While the company’s stock did briefly dip in the days following the campaign's launch, it quickly rebounded and on Thuesday night Nike announced it had crushed earnings expectations, leading to a market surge today that found the company’s stock as the sole gainer in the entire Dow.
The report found Nike’s revenue increasing in nearly every category for the quarter, with U.S. sales alone up nine percent. Commentators on Fox Business Network and elsewhere had predicted that while maybe the campaign would sell well overseas, it would definitely turn off consumers stateside.
While the company’s stock did briefly dip in the days following the campaign's launch, it quickly rebounded and on Thuesday night Nike announced it had crushed earnings expectations, leading to a market surge today that found the company’s stock as the sole gainer in the entire Dow.
The report found Nike’s revenue increasing in nearly every category for the quarter, with U.S. sales alone up nine percent. Commentators on Fox Business Network and elsewhere had predicted that while maybe the campaign would sell well overseas, it would definitely turn off consumers stateside.
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
at the idiots that burned their $120 Nike shoes (good idea, guys, you showed them!) - the RW pundits "wearing egg on their face" will just tell you that it was an omelet that was a special delivery. 