Nike Beats Expectations with Strong North American Wholesale

26 days ago

Natalia Kenny

"Shares are currently up by 0.8 percent and they climbed by as much as 4 percent. So basically results came better than expected. We see strength in wholesale business. North America segment overall. Revenue came at $11.7 billion. Analysts expected $11 billion."

Nike reported better than expected earnings with a robust North American wholesale performance, indicating that its restructuring efforts are paying off. Revenue beat expectations, suggesting positive momentum for the stock.

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