Nike Profit Up 23%
29.09.2014 5915

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 ...

Latest News

Pantone names 2023 color of the year

The Color of the Year 2023 is “powerful, fearless, inspiring” as Pantone 18-1750 Viva Magenta Carmine Red is described. Its other name is “new vibrating ...
03.12.2022 165

Fila collaborates with Haider Ackermann

South Korean company, manufacturer and supplier of sportswear Fila has released a collaboration with French designer of Colombian origin Haider Ackermann. The capsule includes men's and women's clothing (colorful leggings,…
02.12.2022 270

Pakistan ramps up shoe exports

Footwear exports from Pakistan increased by 2022% between July and October 82, a year-on-year growth of 31%, while leather exports increased slightly, according to the Pakistan Bureau of Statistics (PBS)…
02.12.2022 271

On Black Friday, Wildberries sold goods for 106 billion rubles.

The Black Friday promotion was held on Wildberries from November 18 to November 28, 2022. The sale aroused high interest among buyers and surpassed last year's figures. In total, the participants of the action ordered goods for a total amount of about 106,4 billion rubles, which is almost…
01.12.2022 325

Ralf Ringer is challenging in court the demand of the Federal Tax Service for additional taxes and penalties for 1,5 billion rubles.

As we wrote earlier, the federal tax authorities want to recover about 1,5 billion rubles in tax fees, fines and penalties from the Russian shoe company Ralf Ringer. Shoe manufacturer and retailer is trying to challenge the actions of the tax authorities through…
30.11.2022 372
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning