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Nike sales top estimates as retailer sees 'return to growth' in US

Lauren Thomas

Nike is trying to accelerate its U.S. business, where sales have stagnated of late. Nike NKE on Thursday reported earnings and sales that topped analysts' expectations for the fiscal fourth quarter and announced a new, four-year $15 billion share repurchase program. Revenues, meanwhile, were up double digits in international markets during the latest period, as Nike reaped the benefits of a handful of new product launches.