Nike posts smaller-than-expected fall in second-quarter salesDec 19 (Reuters) - Nike NKE.N posted a smaller-than-expected drop in second-quarter revenue on Thursday, as the embattled sportswear brand's release of newer versions of performance and running shoes drew customers to its stores and website.
The company's second-quarter net revenue fell to $12.35 billion from $13.39 billion a year earlier. Analysts had expected a 9.41% fall to $12.13 billion, according to estimates compiled by LSEG.
(Reporting by Ananya Mariam Rajesh in Bengaluru and Nicholas P. Brown in New York; Editing by David Gregorio and Pooja Desai)
((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam;))
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