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Nike's earnings rise

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Nike reported quarterly net income of roughly $1.5 billion, an increase from nearly $1.4 billion a year earlier.

For its fiscal first quarter that ended Aug. 31, the company's digital sales grew 82%.

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back,” Nike CEO John Donahoe said.

Read more from Reuters.

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