Nike revenue surges in North America and Europe


(Reuters) - Nike Inc enjoyed big sales in gains in North America and Europe last quarter and benefited from fewer markdowns, helping the maker of sports clothes and shoes report a stronger-than-expected quarterly profit.

Total revenue rose 7.7 percent to $6.97 billion (4.34 billion pounds), and global orders for delivery later this year, which the company calls "futures orders," rose 10 percent excluding currency impact, suggesting Nike's hot streak will continue.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Others Also Read