Nike Beats Quarterly Revenue Estimates on Stable Demand
Nike reported third-quarter revenue of $11.28 billion, beating analyst estimates. Tighter discounting and new product launches helped steady consumer demand.
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NIKE, Inc. reported third-quarter revenue on Tuesday that exceeded Wall Street expectations, supported by strategic turnaround efforts and a disciplined approach to promotional discounting. The sportswear giant posted revenue of $11.28 billion for the fiscal quarter ending February 28, maintaining a flat performance compared to the same period last year.
