⁍ Shares rose 13% and are set to open on Wednesday at an all-time high of about $132.

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⁍ Nike’s brick-and-mortar sales have fallen since the COVID-19 pandemic began.

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⁍ The brand’s digital sales surged 82% in the first quarter.

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– Nike’s shares hit an all-time high Tuesday after the company reported better-than-expected quarterly earnings. Nike Inc.’s net income rose to $1.52 billion, or 95 cents per share, from $1.37 billion, or 86 cents per share, a year earlier. First-quarter sales in China, where the economy opened from lockdowns much earlier than in other parts of the world, rose 6%, led by factory stores and online sales, reports Reuters. The company’s net income rose to $1.52 billion, or 95 cents per share, from $1.37 billion, or 86 cents per share, a year earlier. Nike said it expected fiscal full-year revenue to rise between high single digits and low double digits versus last year, saying second-half sales would be ‘up significantly,’ even though first-half growth would be flat. Analysts forecast a fiscal 2021 sales rise of 5.9%. Nike has gained favor among shoppers this year with investments in marketing itself as a socially conscious company, prominently supporting movements like Black Lives Matter and Time to Vote. First-quarter sales in China, where the economy opened from lockdowns much earlier than in other parts of the world, rose 6%, led by factory stores and online sales.