Nike outpaces Adidas and Puma in race for sales amid virus lockdown

Nike shares have fared better than those of Addidas and Puma during the Covid-19 outbreak

Nike shares soared as much as 11% after online-order growth helped sales vault past Wall Street estimates, laying out a blueprint for how the sportswear giant could cope with the coronavirus pandemic worldwide.

The company posted revenue of $10.1bn (€9.3bn)for the three months to the end of February, a period that included shutdowns across China, one of its key markets.