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Nike quarterly sales rise 7.6%

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Nike Inc, the world's largest footwear maker, reported a 7.6 per cent rise in quarterly sales, helped by strong demand for its running and basketball footwear, and athletic apparel.

[BENGALURU] Nike Inc, the world's largest footwear maker, reported a 7.6 per cent rise in quarterly sales, helped by strong demand for its running and basketball footwear, and athletic apparel.

Net income rose to US$950 million, or 55 US cents per share, in the third quarter ended Feb 29 from US$791 million, or 45 US cents per share, a year earlier.

Revenue rose to US$8.03 billion from US$7.46 billion.

REUTERS

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