23.03.2016 - Nike’s report disappointed investors
Nike has published a report according to which sales increased by 7.7% in the last quarter. So, for the period that ended on February 29, the company received 8.03 billion against 7.46 billion in revenue for the same period last year. Analysts had expected the growth rate to 8.2 billion dollars. The company's profit for the period totaled 950 million dollars against 791 million dollars in the same period of the previous year. Given the expected popularity of the new model of shoes with self-tie shoelaces and the growth of sales in connection with the European Football Championship in the summer, we maintain a positive medium-term outlook for the stock.