World Footwear

Companies

Strong sales reported by Nike

Sep 30, 2016 United States
Strong sales reported by Nike
The Oregon-based sportswear giant reported double-digit currency-neutral revenue growth internationally in the first quarter and a 6% revenue growth in North America
Revenues for Nike, Inc. increase by 8% totaling 9.1 billion US dollars (up by 10% on a currency-neutral basis).

Revenues for the the Nike brand reached 8.5 billion US dollars, up by 10% on a currency-neutral basis driven by double-digit growth in Greater China, Western Europe, Emerging Markets, Central & Eastern Europe and Japan, including strong growth in Sportswear, Running and the Jordan Brand.

Revenues for the Converse segment totaled 574 million US dollars, up by 4% on a currency-neutral basis, mainly driven by growth in North America which was slightly offset by declines in Europe and Asia Pacific.

Net income increased by 6% and totaled 1.2 billion US dollars as revenue growth and a lower effective tax rate more than offset lower gross margin and higher demand creation expense, while diluted earnings per share increased by 9% from the prior year to 0.73 US dollars reflecting nearly a 3% decline in the weighted average diluted common shares outstanding.

Related Events

  • Jun
    2
    Jun 2-Jun 3, 2024 | Michigan, United States

    Metro-Michigan Women's Wear Market

  • Jun
    3
    Jun 3-Jun 7, 2024 | New York, United States

    FFANY Market Week

  • Jun
    4
    Jun 4-Jun 7, 2024 | Atlanta, United States

    Atlanta Apparel

  • Jun
    4
    Jun 4-Jun 6, 2024 | New York, United States

    Footwear Show New York Expo (FSNYE)

Related Organizations

  • FIT - Fashion Institute of Technology

    FIT - Fashion Institute of Technology

    United States
  • BSTA - Boston Shoe Travelers Association

    BSTA - Boston Shoe Travelers Association

    United States
  • FFANY - Fashion Footwear Association of New York

    FFANY - Fashion Footwear Association of New York

    United States
  • The Museum at FIT

    The Museum at FIT

    United States