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Nike Sales Boosted by China

Nike Inc. posted a 23% jump in quarterly profits and particularly strong sales gains in China, as the world’s largest sportswear maker bucked concerns about that country’s economic health.

The athletic gear company reported a three-month profit of $1.18 billion as sales rose 5% from a year earlier to $8.41 billion. Excluding the effects of currency fluctuations, Nike said its global sales rose 14% in the quarter ended Aug. 31. Leading all regions in revenue growth was China, where sales jumped 30% to $886 million.

China had been a trouble spot for Nike just two years ago, as the company wrestled with lagging sales and depleted demand after a massive run-up to the 2008 Olympics. The company has worked with wholesale...


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