Nike forecast for online sales boom, post-lockdown demand drives shares up

Topics Nike  | Online sales

By Nivedita Balu and Richa Naidu (Reuters) -Nike Inc on Thursday forecast fiscal full-year sales ahead of Wall Street estimates, betting on its online business, higher demand as lockdowns ease, and its tried-and-tested strategy of limiting stock for popular products.

The sneaker maker's shares rose nearly 13% after the bell as the company also posted better-than-expected quarterly earnings and revenue. After staying at home for more than a year and limiting themselves to leisure-wear and comfortable pajamas, consumers are.....

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