04.07.2014 - Nike increases revenue
Shares of sporting goods manufacturer Nike continues to please investors. Thus, the corporation issued a report, according to which in the last four quarters, revenue reached $ 27.8 billion. Profit for the same period totaled $ 2.97 per share. During the last quarter, the company received $ 7.4 billion of revenue, which is 11% better than last year.
The reasons for the growth were the company's sales growth in the segment of football products, where on the one hand, sales grew in connection with the World Cup in Brazil, on the other hand with the growth of the market share where the company's main competitor is Adidas. Nike great hopes are related to the growth in sales of soccer uniforms of the U.S. national team, where has recently increased the popularity of football.
We maintain our growth forecast for the medium term with potential of growth by 10-12% by year end.