(Reuters) – Nike on Thursday beat Wall Street estimates for quarterly revenue, benefiting from a recovery in China following the lifting of pandemic restrictions and buoyant demand for its sneakers such as Air Jordan and LeBron 20.
The company’s fourth-quarter revenue rose to $12.83 billion from $12.23 billion a year earlier. Analysts had expected $12.59 billion, according to Refinitiv data.
(Reporting by Granth Vanaik and Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)
