Fan Shuai: R&F players are eager to play better this season
In addition, the Group continued to promote new business development. In 2020, Li Ning YOUNG will continue to explore and improve the brand image around the company's vision and group strategy. The Group builds children's professional sports products, while continuing to deploy and optimize supply chain resources, focus on mid-to-high-level markets, deepen shopping malls and clearance channels, and make full use of and integrate existing publicity resources to continuously expand new sales channels. In the future, the Group will continue to further develop the children's clothing business and promote Li-Ning YOUNG to become the preferred professional sports children's clothing brand for Chinese children.
On March 19, Nike announced the company鈥檚 third-quarter financial results for fiscal 2021 after the market closed on Thursday.According to the financial report, Nike鈥檚 third-quarter earnings per share were $0.9, compared with market expectations of $0.76 and $0.53 in the same period last year; revenue was $10.4 billion, compared with market expectations of $11.046 billion, compared with $10.104 billion in the same period last year. Among them, NIKE Direct direct sales business was 4 billion US dollars, a year-on-year increase of 20% and a month-on-month increase of 16%. Digital sales of the NIKE brand were up 59% and 54% on a constant currency basis.
Jordan Brand grew by double digits in the third quarter, and Jordan's women's business grew by nearly triple digits, Nike (NKE.N) executives said.Nike said its inventory in the third quarter was $6.7 billion, compared with market expectations of $6.2 billion; gross profit margin was 45.6%, compared with market estimates of 44.4%.
In addition, the company鈥檚 total revenue in Greater China in the third fiscal quarter was $2.279 billion, compared with market expectations of $1.98 billion.After the financial report was released, Nike鈥檚 stock price fell by 4% after the market, and the current decline has narrowed. The company closed at $143.17 today, down 1.14%. The financial report also shows that Nike will continue to pay dividends to shareholders, with a total dividend of $434 million in the third fiscal quarter, an increase of 14% year-on-year. The company said it suspended its share repurchase program in the fourth quarter of fiscal 2020 due to the coronavirus outbreak and intends to resume its share repurchase program in the fourth quarter of fiscal 2021.
In recent years, with the high development of the economy, the continuous support of national policies, and the gradual popularization of sports concepts, the sports industry has developed a good momentum.Friends who have not yet entered the sports circle often have a question, how to enter the sports circle?