During the conference call’s Q&A portion at the end, an analyst asked Nike’s execs how the latest variant of the coronavirus was impacting its business. Donahoe responded by describing Nike’s expectations around when employees would return to its physical offices, which have recently been in flux.
“We do believe over time that with innovation and a strong brand, we want to go to a hybrid model,” Donahoe said. “As you know, in the United States we have mandated vaccines and have a very high response rate to that. So we’re ready to come back in a hybrid work environment when that’s safe.”
Friend didn’t elaborate much on how the rapidly spreading Omicron variant could deter Nike’s financial goals, explaining that its forecast was already taking into account the volatility of the sportswear business right now.