Why Nike Stock Was a Major Winner on Wednesday

In recent times Nike (NYSE: NKE) stock has had plenty of lousy trading sessions, but Wednesday's sure wasn't one of them. After publishing its latest set of quarterly results after market close Tuesday, investors raced into the athletic apparel maker's shares to push them to a more than 6% gain. That gave the stock an easy victory over the S&P 500 index, which posted a 0.3% increase on the day. For its fiscal first quarter of 2026, Nike earned revenue of $11.7 billion. That represented an increase of 1% on a year-over-year basis. Of this, wholesale revenue was a standout, as it leaped 7% higher to come in at $6.8 billion. On the flip side, the company's direct-to-consumer service Nike Direct saw its top line sag by 4% to $4.5 billion. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool