Nike profit jumps 25% on shox, converse sales
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Nike Inc., the world’s biggest athletic-shoe maker, said first-quarter earnings surged 25% as demand for Shox running shoes and Converse sneakers fueled its fastest U.S. sales gain in more
than a year. Net income beat analysts’ estimates, rising to $326.8 million, or $1.21 a share, from $261.2 million, or 98 cents, a year earlier, the Beaverton, Ore.-based company said. Sales
jumped 18% to $3.56 billion, led by Asia. Shares of Nike rose $1.44 to $78 on the New York Stock Exchange. MORE TO READ