The world's largest sporting goods manufacturer, Nike, earned and turned over more in the second quarter than in the same period last year thanks to a strong North American business. Many goods that were delayed due to the bottlenecks in the supply chains could now have been sold. The net profit rose by seven percent to 1.34 billion dollars, as the company announced. Sales improved one percent to $ 11.36 billion. Analysts had only expected an average of $ 11.25 billion. In North America, Nike's largest market, sales climbed twelve percent. In after-hours trading in America, the price of the Nike share rose by four percent.
In Germany, the good news also drove the two sporting goods manufacturers Adidas and Puma, which are listed in the Dax.
Both courses rose by up to 2 percent in early trading.
In addition to the supply bottlenecks on the world markets, the corona crisis and the associated dangers for consumer sentiment around the world are particularly depressing share prices in the sports market.
Adidas shares were worth 336 euros in August and currently only cost 246 euros.
Adidas has scaled down forecasts
In September, Nike had warned of a sluggish performance in the second quarter (towards the end of November) because of the week-long shutdown of its factories in Vietnam.
In the worst case, sales could even stagnate, CFO Matt Friend said at the time.
For the current financial year 2021/22 (as of the end of May), Nike is assuming mid-single-digit growth according to previous information.
Competitor Adidas, Nike's toughest chaser on the world market, had lowered its sales forecast for the current year to an increase of 17 to 18 percent instead of the previous 20 percent due to delivery bottlenecks and increased freight prices.
Meanwhile, the two rivals Puma and Under Armor are more confident about the business and each expect sales growth of 25 percent in the current year.