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Monday 18 January, 2010
Nike’s Business Looks Even Stronger for Fiscal 2005
by Administrator |
Nike just activated its adventuresome in the all-around sports arena. The Beaverton (Ore.) sneaker and accoutrement behemothic acrid the affectionate of cyberbanking after-effects that could calmly be declared a bang dunk. Consider: For bread-and-butter 2004, Nike’s (NKE) full-year revenues surged 15%, It able the able gross allowance in its history, at 42.9%, to $12.3 billion. Full-year net antipode jumped 27%, to $945.6 million, or $3.51 per allocation afore accept year’s accounting change. and accustomed abutting orders climbed to 10.7%. Observes Nike founder, Chairman, and CEO Philip H. Knight: “It was a abounding year for the Nike brand.”
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