Nike Inc. exceeded analysts’ expectations for its second-quarter profits as the company combated higher costs and weaker margins with a 20 percent increase in its footwear and apparel businesses.
For the three months ended Nov. 30, the Beaverton, Ore.-based sports gear giant boosted its net income 2.6 percent to $469 million, or $1 a diluted share, 6 cents better than the 94 cents expected, on average, by analysts. Year-ago profits came to $457 million, or 94 cents.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"