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Third quarter revenue rise for Nike

Revenues rose 13 per cent to $7 billion (£4.2 billion), while net income increased three per cent to $685 million (£415 million).

“Our strong Q3 results demonstrate our relentless focus on delivering innovations that resonate with consumers,” Mark Parker, president and CEO of Nike, says.

“Despite macroeconomic challenges, Nike delivers consistent results because we focus on the biggest opportunities for growth while we manage risk across our diverse global portfolio.

“This is how we continue to drive long term value for our shareholders.”

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