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Nike CEO pleased with his company’s work with Kaepernick ad

Posted: 11:47 AM, Sep 26, 2018
Updated: 2018-09-26 12:49:01-04

Nike CEO Mark Parker is proud about the company’s controversial advertisement with former San Francisco quarterback Colin Kaepernick.

Parker said the company’s recent “Just Do It” campaign with Kaepernick has resulted in “record engagement with the brand.”

“We feel very good and are very proud of the work we’ve been doing,” Parker said on Nike’s quarterly earnings call on Tuesday. “We know it’s resonating quite strongly with consumers here in North America and around the world.”

Nike announced on the call that its revenue over the last three months, a period ending Aug. 31, was up 9 percent to $9.9 billion. The final day of the quarter was several days before the first Kaepernick advertisement ads appeared shortly before the NFL season began.

Executives for the company were congratulating Parker for having the courage to run the advertisement.

Nike’s stock has soared by 6.25 percent since the Kaepernick campaign began, adding an estimated $6.38 billion to its value.

The edgy decision to bank on Kaepernick has been a wise decision, brand expert Allen Adamson told CNBC .

“No matter which athlete they choose, they will offend some customers,” Adamson said. “If you try to please all people all the time, you will end up pleasing nobody.”