Tue, 21-Oct-2025

Demand for athletic apparel boosts Nike’s quarterly revenue

athletic

The company’s shares rose 2.3% to $113.12 after the bell and Nike also announced a new $18 billion class B stock repurchase plan. Affluent Americans remain largely unaffected by decades-high inflation and are splurging on higher-priced products.  Helping Nike maintains a pandemic-induced boom in athletic wear sales. Nike’s net income fell to $1.44 billion, or … Read more