Nike Profit Up 23%
29.09.2014 5623

Nike Profit Up 23%

The results of the first quarter of the new fiscal year Nike exceeded the most optimistic expectations. The profit of the sports giant grew by 23% compared to a year earlier and amounted to 962 million dollars, or 1,09 dollars per share (0,86 in the same period last year).

The turnover of the American brand grew by 15% to 7,98 billion dollars, while in the footwear segment there is + 11%, and in clothes - + 14%. This is due to the increased popularity of the brand after the last summer World Cup, as well as to the successful sales of running clothing, which is gaining more and more fans in Western Europe.

The results significantly exceeded analysts' forecasts, expecting earnings from 0,88 dollars per share and a turnover of 7,78 billion.

Nike's fiscal first quarter results exceeded most optimistic expectations. The sports giant's profit increased by 23% compared to the previous year and amounted to 962 ...

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