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
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