Nike forecasts reversal in North America sales decline, tops estimates


FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo

(Reuters) - Nike Inc on Thursday signalled an end to revenue declines in North America as the world's largest footwear maker reaps the benefits of its efforts to sell directly to customers and focus on new launches.

The company said it expected revenue in North America to be flat in the fourth quarter and return to growth in the first half of fiscal 2019.

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