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Nike Earnings: The Rebound Strengthens

TheMotleyFool

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Inventors had high hopes heading into Nike's (NYSE: NKE) earnings report late last week. While sales dropped in each of the prior two quarters, the trend was positive and suggested a dramatic return to sales growth for the apparel giant's fiscal second quarter.

Shareholders weren't disappointed.

Nike on Friday afternoon revealed that sales grew in each of its markets, including the key U.S. division, which means investors might expect a strong close to its fiscal 2021 over the next six months.

Source Fool.com

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