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Article Date: June 2018
Word Count: 884

Nike Has Strong Q4 with North America Growing Again


Net income rose 13% to $1,137 million against $1,008 million for the final quarter of the year on a 13% improvement in revenue to $9,789 million compared to $8,677 million for the final quarter ended May 31, fueled by strong digital growth globally, 23% growth overseas led by China and a 3% gain in North American sales. The Eager Beavertons were confident that they have cleaned up the North American market place, citing cleaner inventories, fewer off-price sales and rising sell-thru rates as they slightly upped their growth expectations for FY19 to high-single digits now from mid- to high-single digits ... Log in to view full article.

 


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