Nike recently shared its financial results for Q2 of the 2020 fiscal year. The report showed revenues up 12 percent to $9.8 billion USD and the Jordan Brand notching its first-ever billion-dollar quarter. Regarding the news, President and CEO Mark Parker described this as “an incredible milestone” and was driven by “high-quality growth.” As it relates to Jordan Brand, Parker shared that Nike is “still in the early stages of diversifying the Jordan portfolio”.
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