Nike Inc.’s sales improved markedly in the latest quarter — a sign that efforts to realign the company around specific sports such as running and basketball are starting to pay off.
Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, a smaller drop than investors anticipated, according to a statementBloomberg Terminal. Revenue of $11.7 billion surpassed the $11 billion projected by analysts. The company expects sales to decline in the low-single digits in the current quarter — in line with expectations.