Nike has a new bounce in its step after reporting better-than-expected quarterly results.
Shares of the sneaker and sports-apparel maker shot up more than 6 percent in after-hours trading, to north of $68, despite continued weakness in the US.
Domestic sales fell 6 percent in the three months ended Feb. 28, the company reported — but Chief Executive Mark Parker said that recently there has been “a significant reversal of trend in North America.”
Parker and the rest of the Nike C-Suite were rocked last week when two top executives left the Beaverton, Ore., company amid a probe into inappropriate office conduct.
In a conference call, Parker acknowledged the management scandal but didn’t provide any new information on the probe’s progress.
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