Nike shares rise as earnings top estimates on strong North America demand

Nike reported earnings and sales that topped analysts' estimates, thanks to robust demand in North America as consumers headed back to stores.

Nike reported net income for the three-month period ended Feb. 28 of $1.4 billion, or 87 cents per share, compared with $1.45 billion, or 90 cents a share, a year earlier. That topped profit estimates for 71 cents a share, according to Refinitiv data.

Sales rose 5% to $10.87 billion from $10.36 billion a year earlier, beating analysts' expectations for $10.59 billion. Nike said sales in its biggest market, North America, climbed 9%. Sales in Greater China, the company's third-biggest market behind its Europe, Middle East and Africa segment, fell 5% from the prior year.Find the full earnings press release from Nike

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