logo
Share SHARE
FONT-SIZE Plus   Neg

NIKE Expects To Deliver $36 Bln In Revenue By FY17 - Quick Facts

NIKE, Inc. (NKE) hosted investors at its world headquarters and announced its goal to deliver $36 billion in revenue by fiscal year 2017.

The company also stated it expects to deliver revenues of $30 billion by fiscal year 2015, at the top end of its previously announced target range of $28-30 billion.

NIKE said some of its brands for fiscal 2017 growth targets include apparel to grow from $7.5 billion to $10 billion, women's business to grow from $4 billion to $7 billion and Direct to Consumer e-commerce business to grow from nearly $550 million to $2 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Kingfisher Plc were declining around 7 percent in the morning trading in London after the home improvement retailer reported Wednesday weak sales in its first quarter on a constant currency and like-for-like basis amid continued weaker sales in France. On a reported basis, sales increased from last year. Shares of U.S. grains trader Bunge Ltd. climbed around 17 percent on Tuesday after the Swiss mining giant Glencore Plc confirmed that its agriculture joint venture has made an informal takeover approach. Bunge, meanwhile, said its not engaged in business combination talks with Glencore or its JV Glencore Agriculture Limited. A United Airlines flight from Shanghai to New Jersey was delayed for hours as an unruly passenger refused to vacate the seat of another passenger while boarding the aircraft in Shanghai. The flight was also forced to make an unscheduled stop at San Francisco International Airport to get a replacement crew after delays caused by the passenger.
comments powered by Disqus
Follow RTT