Chasing Nike (NYSE:NKE) in the footwear business has to be a frustrating exercise for the likes of Adidas (Nasdaq:ADDYY), Skechers (NYSE:SKX), and Puma.
In good times and bad, Nike's unmatched commitment to marketing and
product development translates into strong share, revenue, and profits.
Should Nike ever make a similar commitment to leading the apparel
market, who knows how much larger the company could get? In any case,
Nike doesn't look cheap today, but then it so seldom does.
A Solid End To The Year
Nike brought the fiscal year to a good end with fourth quarter results.
Revenue rose more than 7% as reported, or about 9% on a constant
currency basis. Growth was led by the tiny equipment business (up over
10%), while footwear sales rose almost 7% and apparel was up 6%. While
the North American market has remained a hot one for Nike (up 12%),
China has turned positive again.
Please read more on Nike here:
http://www.investopedia.com/stock-analysis/062813/nike-stretches-its-lead-nke-addyy-ua-lulu.aspx
No comments:
Post a Comment