Nike annual profits soar 196% over last year and 42% over 2019. John Donahoe, president and CEO, NIKE, Inc., stated, “FY21(full year 2021) was a pivotal year for NIKE as we brought our Consumer Direct Acceleration strategy to life across the marketplace. Last year Nike Direct was 33% of total revenue. In Q4, however, revenues were up 96% compared to prior year and increased 21% compared to the Q4 of 2019. Nike’s Direct Q4 sales increased 73%.

Source: Forbes June 24, 2021 21:56 UTC