Nike Announces Record Profits After Colin Kaepernick Ad

BYAlexander Cole7.8K Views
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Colin Kaepernick

Nike's Colin Kaepernick ad may have helped the company achieve record numbers.

Nike set the world ablaze in September when they unveiled that Colin Kaepernick would be the face of their 30th Anniversary Just Do It Campaign. The former San Francisco 49ers quarterback caught flack for his activism which included kneeling during the national anthem in order to draw attention to police brutality and the unfair treatment of African-Americans. Since his protests, Kaepernick has been unable to find work in the NFL and when Nike used him in their campaign, both sides received criticism.

Despite some of the negative publicity, Nike has reported record sales just three months after the airing of the now infamous ad, according to Sports Illustrated. The company announced a 10% increase in sales and $847 million in income. Nike's stock is also up 7% thanks to the announcement that their sales have increased.

Nike did not cite their Kaepernick ad a direct reason for the increase in sales, however, analysts believed the company would see a large decrease in sales for associating with a polarizing political figure like Kaepernick. After the ad aired, some angry customers took to Twitter and Instagram to show themselves burning their Nike apparel. 

Regardless, it seems as though Nike is doing just fine despite the controversy. 

About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.