Bezos, Musk, and the Race for Space
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 25 June 2021
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. |
| 0:19.0 | It's the Motley Fool Money radio show. I'm Jason Moser sitting in for Chris Hill. Joining me today are senior analysts. |
| 0:25.0 | Andy Cross and Emily Flip and folks. Happy summer. |
| 0:28.0 | Hey Jason, Emily. |
| 0:30.0 | So we've got some earnings to get to this week. Google's cookies need a little bit more time in the oven. |
| 0:35.0 | Visa is making another run at a FinTech deal, but we begin this week with the swooosh. |
| 0:40.0 | Nike reported earnings on Thursday afternoon and to save the market approved. |
| 0:44.0 | Well, that would be an understatement. Andy, is this a typo Nike's revenue for the quarter-gru-96 percent? |
| 0:51.0 | Yeah, Jason is not a typo sales. It was a really very impressive quarter from Nike. |
| 0:56.0 | Now, some of that is just to pull forward from last year or another pull forward, but just the rebound from when things shut down last year about this time. |
| 1:06.0 | But sales were up 96 percent, almost doubled from last year. |
| 1:10.0 | And they were up 21 percent, Jason, from the quarter that the previous quarter, the previous fiscal quarter. |
| 1:17.0 | Nike direct sales were up 73 percent in the quarter. |
| 1:21.0 | Direct sales now make up almost a 40 percent of the total sales for Nike. |
| 1:26.0 | So they really have started to make this push and this migration very aggressively of the last couple of years to much more direct connection with the consumers. |
| 1:34.0 | North America was up 140 percent, so a really booming North America market. |
| 1:39.0 | Higher wholesale shipments thanks to those weaker comps a year ago. |
| 1:43.0 | Digital growth was up 50 percent, so their digital business continues to do really well. |
| 1:48.0 | And now is a $9 billion run rate business for them. |
| 1:53.0 | More than 300 million digital Nike digital members. |
| 1:57.0 | Digital is three years, Jason, ahead of their plan. |
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