Nike cheers return of pro sports as earnings top expectations
Nike cheers return of pro sports as earnings top expectations

New York (AFP) – Nike shares rocketed higher Tuesday after the company reported blowout quarterly earnings on strong digital sales and its CEO cheered the return of pro sports.The sports giant, which suffered bruising losses in the prior quarter due to the coronavirus pandemic, notched an 82 percent increase in digital sales in the quarter ending August 31, offsetting lower revenue in its wholesale business and declines in retail stores, where traffic is still down due to Covid-19.The company experienced big increases among consumers working out on the Nike Training app, while the “Nike Runnin…

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