Nike reports 8 percent sales increase

Nike reports 8 percent sales increase

Nike announced an 8% sales increase to $7 billion, despite slowing revenue in China.

"We had a great first quarter driven by our unrelenting commitment to delivering innovative products and services to athletes around the world," Nike chief executive Mark Parker said in a news release. "Our powerful portfolio of businesses combined with unmatched leadership and resources allows us to capitalize on opportunities that drive long-term value for our shareholders. I am more excited than ever about our potential to continue to innovate with purpose, and fuel Nike's growth."

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