Nike Q2 results top estimates as digital sales, growth in China help fuel recovery

Yahoo Finance

Nike (NKE) reported fiscal second-quarter sales and earnings that handily beat analyst expectations, as store reopenings and digital sales helped provide a boost to results. Shares jumped 4% in after-hours trading.

Telsey Advisory Group analyst Joseph Feldman said in a note last week. “As such, we see further upside for the stock over the next 12 months, driven by relatively strong demand for athletic apparel and footwear, a proven execution track record, and a steady stream of product innovation.”

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