World Footwear

Companies

Strong sales reported by Nike

Sep 30, 2016 United States
Strong sales reported by Nike
The Oregon-based sportswear giant reported double-digit currency-neutral revenue growth internationally in the first quarter and a 6% revenue growth in North America
Revenues for Nike, Inc. increase by 8% totaling 9.1 billion US dollars (up by 10% on a currency-neutral basis).

Revenues for the the Nike brand reached 8.5 billion US dollars, up by 10% on a currency-neutral basis driven by double-digit growth in Greater China, Western Europe, Emerging Markets, Central & Eastern Europe and Japan, including strong growth in Sportswear, Running and the Jordan Brand.

Revenues for the Converse segment totaled 574 million US dollars, up by 4% on a currency-neutral basis, mainly driven by growth in North America which was slightly offset by declines in Europe and Asia Pacific.

Net income increased by 6% and totaled 1.2 billion US dollars as revenue growth and a lower effective tax rate more than offset lower gross margin and higher demand creation expense, while diluted earnings per share increased by 9% from the prior year to 0.73 US dollars reflecting nearly a 3% decline in the weighted average diluted common shares outstanding.

Related Events

  • Apr
    28
    Apr 28-Apr 29, 2026 | Nashville, United States

    Magic Nashville

  • Apr
    29
    Apr 29-Apr 30, 2026 | Glendale, Arizona, United States

    NSRA Footwear Forum

  • May
    17
    May 17-May 19, 2026 | Manchester, United States

    NAEC Manchester Signature Show

  • Jun
    1
    Jun 1-Jun 5, 2026 | New York, United States

    FFANY Market Week

Related Organizations

  • Fashion Design Office

    Fashion Design Office

    United States
  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States
  • Council of Fashion Designers of America, Inc.

    Council of Fashion Designers of America, Inc.

    United States