Nike reports 20% jump in futures orders
Better-than-expected figure boosted by strong demand in North America and China
London
NIKE Inc, the world's largest footwear maker, reported futures orders that breezed past analysts' estimates, powered by strong demand in North America and China.
The company's shares, already the top-performing year-to-date Dow component, rose 2.5 per cent to US$135.23 in extended trading on Tuesday, despite lower-than-expected second-quarter revenue.
Nike brand orders for delivery from December through April, a gauge of demand known as "futures …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline