Nike: Q4 above expectations
(CercleFinance.com) - Nike unveiled solid Q4 2017/2018 results (to end-May), with EPS up 15% at 69 cents, while on average analysts expected five cents less.
Q4 net profit reached 1.1 billion dollars, up 13%, while sales also rose 13% to 9.8 billion dollars.
However, over the whole of the past fiscal year, the American sports goods giant has seen its EPS crumble 53% to 1.17 dollar, while revenues have increased 6% to 36.4 billion dollars (+4% excluding currency effects).
“Our new innovation is winning with consumers, driving significant momentum in our international geographies and a return to growth in North America,” said Mark Parker, Chairman, President and CEO of Nike, who said that this growth is “Fueled by a complete digital transformation of our company end-to-end, this year set the foundation for Nike's next wave of long-term, sustainable growth and profitability.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Q4 net profit reached 1.1 billion dollars, up 13%, while sales also rose 13% to 9.8 billion dollars.
However, over the whole of the past fiscal year, the American sports goods giant has seen its EPS crumble 53% to 1.17 dollar, while revenues have increased 6% to 36.4 billion dollars (+4% excluding currency effects).
“Our new innovation is winning with consumers, driving significant momentum in our international geographies and a return to growth in North America,” said Mark Parker, Chairman, President and CEO of Nike, who said that this growth is “Fueled by a complete digital transformation of our company end-to-end, this year set the foundation for Nike's next wave of long-term, sustainable growth and profitability.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.