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Nike’s Revenue Pinched by Supply-Chain Disruptions

Nike reported a 16% rise in quarterly revenue, but said production problems in Asia and trans-Pacific shipping delays are constraining sales

9/24/2021 8:00:00 AM

Nike reported a 16% rise in quarterly revenue, but said production problems in Asia and trans-Pacific shipping delays are constraining sales

The sneaker giant reported a 16% rise in quarterly revenue but said production problems in Asia and trans-Pacific shipping delays are constraining sales.

Updated Sept. 23, 2021 6:18 pm ETThe Covid-19 pandemic has caught up with Nike Inc. The sneaker giant’s revenue growth is being limited by supply-chain disruptions that have slowed the production and delivery of shoes and other goods around the world.

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Nike on Thursday reported revenue of $12.25 billion for the quarter ended Aug. 31, up 16% from a year earlier and essentially flat with the June quarter. The results were below expectations of Wall Street analysts, who had expected revenue to reach $12.47 billion.

Read more: The Wall Street Journal »

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