Nike third-quarter sales beat estimates

Deckers Outdoor Corporation
NIKE, Inc. Class B
On Holding AG Class A

Deckers Outdoor Corporation

DECK

0.00

NIKE, Inc. Class B

NKE

0.00

On Holding AG Class A

ONON

0.00

March 31 (Reuters) - Nike NKE.N beat Wall Street expectations for third-quarter revenue on Tuesday, helped by ongoing turnaround efforts as tighter control on discounting and fresh product launches helped steady demand.

The sportswear retailer's revenue came in at $11.28 billion in the quarter ended February 28, flat to last year. Analysts on average estimated a 0.3% drop to $11.24 billion, according to data compiled by LSEG.


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