Nike posts smaller-than-expected fall in second-quarter salesThe company's second-quarter net revenue fell to $12.35 billion from $13.39 billion a year earlier. Analysts had expected a 9.41 per cent fall to $12.13 billion, according to estimates compiled by LSEG. 
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People walk past a Nike Inc store at a shopping complex.
Credit: Reuters Photo
Nike 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 per cent fall to $12.13 billion, according to estimates compiled by LSEG.