Nike, the sportswear company, achieved quarterly sales and profits that beat analysts' estimates, and on Friday its shares jumped by more than 4% in post-close trade.
According to CNBC Arabia, those sales were driven by triple-digit growth online in North America and strong demand for sports shoes and exercise clothing from Chinese consumers.
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and the earnings per share reached 78 cents compared to 62 cents expected, while revenues reached $ 11.24 billion compared to $ 10.56 billion, expected in the three-month period ending on November 30 < / p>
Nike reported net income of $ 1.25 billion, or 78 cents per share, up from $ 1.12 billion, or 70 cents a share, a year ago. / p>
The analysts were calling for a dividend of 68 cents a share.
revenues grew 9% year-on-year to $ 11.24 billion, up from $ 10.33 billion a year ago.
This was better than the $ 10.56 billion the analysts had forecast.
Nike said its digital sales of its namesake brand rose 84% during the quarter, as more shoppers visited its website during the pandemic to buy clothing and sneakers to keep On the fitness routine and personal health.
