This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEIBJ0SB_L.jpg
Shares of the company rose marginally in extended trading.
Nike (NYSE:NKE) reported a 30% jump in its largest market, North America, helping offset a sales slump in China after COVID-related restrictions in the country impacted sales in the region.
The world’s largest sportswear maker said revenue rose to $13.32 billion for the second quarter from $11.36 billion a year earlier. Analysts had expected $12.57 billion, according to IBES data from Refinitiv.