june 30, 2017 - Nike

Nike, inc. reports fiscal 2017 fourth quarter and full year results

  • Fourth quarter revenues up 5 percent to $8.7 billion; 7 percent growth on a currency-neutral basis*

  • Fourth quarter diluted earnings per share increased 22 percent to $0.60

  • Fiscal 2017 revenues up 6 percent to $34.4 billion; 8 percent growth on a currency-neutral basis*

  • Fiscal 2017 diluted earnings per share increased 16 percent to $2.51

  • Inventories up 4 percent as of May 31, 2017

BEAVERTON, Ore., June 29, 2017 - #nike, Inc. (NYSE:NKE) today reported fiscal 2017 financial results for its fourth quarter and full year ended May 31, 2017. International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year.

Diluted earnings per share for the quarter rose 22 percent to $0.60 driven by global revenue growth, lower selling and administrative expense, a lower tax rate and a lower average share count which were slightly offset by lower gross margin.

Fiscal 2017 diluted earnings per share rose 16 percent to $2.51, reflecting revenue growth of 6 percent, a lower tax rate and a lower average share count which was slightly offset by lower gross margin.

“NIKE continues to create both near-term wins in today’s dynamic environment and a lasting foundation for future growth,” said Mark Parker, Chairman, President and CEO, #nike, Inc. “Through our Consumer Direct Offense, we’re putting even more firepower behind our greatest opportunities in Fiscal 2018. It will be a big year for #nike innovation and we’ll bring those stories to life through deeper consumer connections in our key cities around the world.”**

More information on the press release

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