Online sales climbed 41% compared with a year ago and were up 147% compared with 2019's fourth quarter.
Nike continues to see success with its SNKRS app, which immediately sells out of new sneaker releases and consistently trends on Twitter. President and CEO John Donahoe said during a conference call that SNKRS grew more than 90% in demand and saw nearly 80% growth in monthly active users during the fourth quarter.
For the three months ended May 31, Nike moved to a profit of $1.51 billion, or 93 cents per share. Analysts surveyed by Zacks expected 51 cents per share.
Looking ahead, Nike Chief Financial Officer Matthew Friend said the company anticipates fiscal 2022 revenue growth of a low double-digit percentage, topping $50 billion. Analysts polled by FactSet were expecting revenue of $48.47 billion.
Nike’s shares rose 12.6% in premarket trading.