Refile: Nike posts smaller-than-expected fall in second-quarter sales

Pegasus Co

19/12/2024 21:18

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       Dec 19 (Reuters) - Nike  NKE.N  posted a
smaller-than-expected drop in second-quarter revenue on
Thursday, as the embattled sportswear brand's release of newer
versions of performance and running shoes drew customers to its
stores and website.  
    The company's second-quarter net revenue fell to $12.35
billion from $13.39 billion a year earlier. Analysts had
expected a 9.41% fall to $12.13 billion, according to estimates
compiled by LSEG.

 (Reporting by Ananya Mariam Rajesh in Bengaluru and Nicholas P.
Brown in New York; Editing by David Gregorio and Pooja Desai)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam;))