The Daily Briefing

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Nike hopes that working with Serena Williams as an ambassador will improve its numbers. Picture: Getty


Sportswear giant to publish results

Nike releases its figures for the second quarter. The sportswear giant’s first-quarter earnings beat analysts’ expectations, thanks in part to increased digital sales. It reported earnings per share of 86 cents and revenue of $10.66 billion, with shares rising by more than 5.5 per cent. Mark Parker, the chief executive, said online sales were up 42 per cent during the quarter. For the current fiscal year, analysts expect Nike ...