While all businesses worldwide are on hold due to the COVID-19 crisis, Nike revealed its reported fiscal 2020 financial results for its third quarter that ended on February 29th, 2020, as their revenues rise 5 percent.
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When the Air Jordan 11 “Bred” dropped back in 2019, which sold-out in 28 minutes via the SNKRS App, it became the companies best selling sneaker in history. Historically, this has become a trend for Nike with previous Air Jordan 11s during the holiday season with excess of a million pairs typically produced each year.
For more details on Nike’s 2020 Q3 earnings, click here.
