Analysts predict Nike eight percent increase in future orders
01.07.2011 4605

Analysts predict Nike eight percent increase in future orders

Nike Inc’s quarterly earnings were better than expected thanks to 14% revenue growth, which helped cover costs. The company also said that it felt positive changes in the indicator of future orders.

The net profit of the manufacturer of sports goods rose to $ 594 million or $ 1,24 per share in the IV quarter of the current financial year to May 31 against $ 522 million or $ 1,06 per share. Analysts surveyed by Reuters predicted net income of $ 1,16 per share. Nike revenue rose to $ 5,8 billion from $ 5,08 billion

The number of future orders, which is a measure of demand for the coming months, also turned out to be higher than expected. Orders for June-November rose 15% to $ 10,3 billion. Excluding currency fluctuations, that figure climbed 12%, Nike said. Analysts had forecast an eight percent increase in future orders. Write about this "Vedomosti".

Sporting goods maker Nike Inc was better-than-expected quarterly on 14% revenue growth that helped cover ...
5
1
Rating

Latest News

Shoe factories continue to shrink in Italy

The crisis has put 4000 jobs at risk in the Italian province of Veneto. Businesses and unions are sounding the alarm, and local companies are being forced to use social protection systems to avoid layoffs and closures, writes La…
22.05.2025 142

Geox Group sales down 2,4%

The Italian Geox Group presented its results for the first quarter of 2025, consolidated sales for the first three months of 2025 amounted to 189 million euros, which is 2,4% less than in the same period a year earlier, writes…
22.05.2025 126

Jimmy Choo Launches Archival Collection

Jimmy Choo continues to exploit the fashionable flair it earned when it first appeared in the cult American TV series Sex In the City. The brand has decided to release an archive collection, including…
21.05.2025 296

In France, more than 3000 stores in the fashion segment have closed in five years

Since the pandemic began in 2020, the fashion sector in France has seen around sixty bankruptcies. And since the beginning of this year, at least six fashion retail chains have been affected by legal proceedings, including Jennyfer, Café Coton and Kaporal, - reports…
20.05.2025 497

Pierpaolo Piccioli is the new creative director of Balenciaga

Italian designer Pierpaolo Piccioli, 57, has been appointed creative director of the Balenciaga fashion house. He replaces Demna Gvasalia, who moved to Gucci two months ago…
20.05.2025 454
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning