The FINANCIAL — On Tuesday Nike shares soared by 13 percent in extended trading as the company reported an 82 percent increase in online sales. The company offered up an outlook that calls for demand to grow through the holidays. This is a signal the sportswear giant is making a healthy comeback from the pandemic. NIKE Direct sales were $3.7 billion, up 12 percent on a reported basis, and up 13 percent on a currency-neutral basis, with growth across all geographies. NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment…
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The FINANCIAL — On Tuesday Nike shares soared by 13 percent in extended trading as the company reported an 82 percent increase in online sales. The company offered up an outlook that calls for demand to grow through the holidays. This is…