Nike launch LUNARGLIDE + 2iD design contest
June 24 hearing on Wednesday the world’s largest sporting goods manufacturer Nike announced that managed to reach the expected nike air max 90 fourth quarter profit, said that due to constant fluctuations in current exchange rates, rising costs, consumers swing, Nike’s performance this year unfavorable.The 522 million profit, or about $ 1.06 per share, fourth quarter earnings and profits improved. Compared with $ 341,400,000 last year rose 53%, about 70 cents per share,
Excluding restructuring costs in the fourth quarter, Nike’s net income increased by 7%.As of May 31 in the quarter, Nike earnings growth of 8% to 5.1 billion. After excluding exchange rate fluctuations, an increase of only 4%.This result is barely short of Wall Street forecasts, and investors have become accustomed to prior to the performance of the Nike Super analysts expected.
Analysts polled by Thomson Reuters expected, Nike, 5.15 billion fourth-quarter earnings, about $ 1.06 per share,Nike bullish performance of the company management, however, emphasized that the primary market and product gross margin and earnings were a record. nike air max 24-7 said it has strengthened inventory control, asset liability balance of good performance, more than 50 million in cash and short-term investments.
Susquehanna Financial Group analyst Sifu Sa (Chris Svezia), said “basically the continuation of Nike’s performance level of quarterly earnings, the company’s stock generally will be buffered.” He Nike’s stock rating to “neutral” and that the current stock price is too high need to be amended.
Nike has been through increased sales in emerging markets offset weakness in traditional markets. CEO Mark Parker (Mark Parker) stressed that China, India, Brazil, the middle class for the next 5 years the company achieved 40% revenue growth target to play a decisive role.
Nike fourth-quarter sales were nearly all growth markets, including Greater China revenue increased by 12% to 464 million. Footwear revenues increased 14% to 246 million, apparel rose 10% to 193 million, equipment sales increased 17% to $ 25,000,000. Other double-digit nike air max 2009 sales growth in emerging markets. European sales in regional markets are to achieve growth, but the Japanese market, sales fell 8%.
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