Nike Defies Expectations, Reports Stronger-Than-Anticipated Quarterly Sales
Nike Defies Expectations, Reports Stronger-Than-Anticipated Quarterly Sales Nike Inc. is showcasing significant progress in its strategic turnaround, as the world’s largest sportswear company reports better-than-expected sales for its most recent quarter. The company’s focused realignment around key sports such as running and basketball appears to be effectively revitalizing the business. While sales saw a 1% decline on a currency-neutral basis, this reduction was notably smaller than what investors had projected. Nike’s total sales for the quarter reached $11.7 billion, successfully…