Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

RELATED NEWS
Trade NKE now with 
10/9/2013 1:39 PM ET

NIKE, Inc. (NKE: Quote) 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.

Click here to receive FREE breaking news email alerts for Nike Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Restaurant operator Yum! Brands Inc. said Tuesday after the markets closed that its first quarter profit rose 18% from last year, helped by strong performance of its China division. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. After trending higher over the past several sessions, stocks saw some further upside during trading on Tuesday. A positive reaction to the latest corporate news contributed to the continued buying interest, lifting the Dow and the S&P 500 back near their record highs. In a blow to supporters of affirmative action, the Supreme Court on Tuesday upheld a voter-approved ban on using race as a factor in college admissions at Michigan's state-run universities. The court ruled 6 to 2 that the state law banning the use of racial preferences does not violate the U.S. Constitution, although the court was splintered on the reasoning for the decision.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.