Nike shares hit record high as sales get post-lockdown boost

New York Post

Shares of Nike surged over 15 percent to a record high Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from US shoppers.

“The strong momentum in Nike’s brand globally is more than offsetting pressure in China and supply chain constraints,” Telsey Advisory analyst Cristina Fernandez said.

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