Nike increased net profit by 23%
24.12.2014 6346

Nike increased net profit by 23%

Sportswear Manufacturer Nike Inc. increased net profit in the second fiscal quarter by 23%.

Revenues grew by 15% and reached $ 7,38 billion compared to $ 6,431 billion a year earlier.

Nike's gross margin last quarter rose to 45,1% from 43,9%, the report said. Trade and administrative expenses increased 17% to $ 2,4 billion.

Orders for the company's products, an indicator of future sales, increased by 7%, and excluding currency fluctuations - by 11%.

Since the beginning of this year, Nike's capitalization has increased by 24% compared with a 7,2% increase in the Dow Jones Industrial Average over the same period.

Sportswear Manufacturer Nike Inc. increased net profit in the second fiscal quarter by 23%.
5
1
Rating

Latest News

Ralf Ringer opened an outlet in his own factory building.

Russian footwear brand Ralf Ringer announces the opening of a new flagship outlet in Moscow. This unique 500-square-meter space, located within its own factory, is located at 18 Otkrytoye Shosse, Bldg.…
14.11.2025 503

Sportmaster Group has closed its Urban Vibes retail project.

Sportmaster Group has closed its Urban Vibes retail project, which launched in 2020. All 17 stores of the multi-brand sportswear chain and the Urban Vibes online store have ceased operations. Experts believe the retail chain is not…
14.11.2025 523

Geox's revenue fell 6,2% in the first nine months to €492,8 million.

Geox's revenue for the first nine months of 2025 was €492,8 million, down 6,2% from the same period in 2024. Excluding the closure of subsidiaries in China and the US, the decline was…
14.11.2025 515

The first Casa Loewe boutique opened in Paris.

Spanish luxury brand Loewe has opened its first boutique, Casa Loewe, in France on Avenue Montaigne, Paris's most prestigious shopping street.
13.11.2025 620

Golden Goose is being acquired by Chinese company HSC – HongShan Capital for 2,5 billion euros.

Negotiations that could lead to the transfer of luxury sneaker brand Golden Goose from its current controlling shareholder, British fund Permira, to Chinese fund HSC – HongShan Capital are nearing completion, writes…
12.11.2025 1064
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning