HomeNewsFinance & LawMulti-SportGlobal

Nike’s sales and profits surpass projections

Shoppers wait in line to enter a Nike store during a summer sale in Beijing (Photo: Yan Cong/Bloomberg via Getty Images

US sportswear company Nike reported direct sales worth $3.7bn (€3.2bn) for the first quarter of the fiscal year – up 12 per cent on a reported basis. Nike’s net income was $1.5bn,