Nike reports strong quarterly figures

27th September, 2015
4
Nike’s revenues have sprinted ahead with a 23 per cent increase in net income to $1.2 billion

Sports giant Nike has reported a 5 per cent increase in quarterly revenue to $8.4 billion and a 23 per cent increase in net income to $1.2 billion.

“Fiscal 2016 is off to a great start. Our relentless pace of growth is driven by our proven strategy of putting the consumer first, obsessing innovation in everything we do and leveraging our powerful portfolio. We’re well-positioned to continue to deliver long-term growth that is both sustainable and profitable.”...

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