© Reuters. FILE PHOTO: People visit the Nike store at 5th Avenue during the holiday season in New York City, U.S., December 9, 2022. REUTERS/Eduardo Munoz
(Reuters) -Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, helped by persistent demand for its sneakers and sportswear in North America and Europe.
Shares of the company rose marginally in extended trading.
Nike (NYSE:) reported a 30% jump in its largest market, North America, helping offset a sales slump in China after COVID-related restrictions in the country impacted sales in the region.
The world’s largest sportswear maker said revenue rose to $13.32 billion for the second quarter from $11.36 billion a year earlier. Analysts had expected $12.57 billion, according to IBES data from Refinitiv.
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