Today, we’re looking at a company with one of the world’s strongest brands…
Regular readers know that some companies stand a head and shoulders above others when it comes to their name. These companies develop high-quality brands that customers don’t mind paying more for… In fact, folks stay loyal to these brands through thick and thin. Today’s company is known around the world for its shoes and sports apparel…
Nike (NKE) is a $270 billion sports clothing, shoe, and accessories maker. Its brands include its namesake Nike shoe, along with Converse and Jordan.
These well-known names continue to connect with customers and lead sales higher… In the latest quarter, Nike reported revenues of $12.3 billion, up 96% over the same period in 2020 (and up 21% compared with the same quarter in 2019). So as you can see, even the pandemic hasn’t quenched Nike’s popularity…
Over the past three years, NKE shares are up more than 115%. They recently hit a fresh all-time high. And as customers continue to be loyal to Nike’s sports shoes and products, that trend should continue…
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Source: Daily Wealth’s Market Notes