Nike's Q2 earnings grow 6 percent

For its second quarter, Nike, Inc. said, reported revenues were 11.4 billion dollars, up 1 percent compared to prior year and flat on a currency-neutral basis due to the ongoing impact of supply chain challenges across the marketplace. The company said in a release that Gross margin increased 280 basis points to 45.9 percent, while diluted earnings per share for the quarter was 83 cents, up 6 percent.