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Nike Climbs to Record After Growth in China Bolsters Results

  • Company is back on track after Covid disrupted operations
  • Sales returned to growth in latest quarterly report on Friday
Updated on

Nike Inc. soared to a record after second-quarter revenue and profit beat analysts’ expectations, bolstered by e-commerce and growth in China.

The shares rose as much as 7.8% to $147.95 on Monday, marking the biggest intraday jump since Sept. 23. They had gained 36% this year through the end of last week.