NIKE, Inc. NKE +1.09% today provided an overview of its progress on key
strategic initiatives to achieve sustainable, profitable long-term
growth. During an investor meeting at its world headquarters in
Beaverton, Ore., the Company stated it expects to deliver revenues of
$30 billion by fiscal year 2015, at the top end of its previously
announced fiscal year 2015 target range of $28-30 billion and shared a
new fiscal year 2017 revenue target of $36 billion. Additionally the
Company reaffirmed its long-term financial model of high single-digit
revenue growth, mid-teens earnings per share growth and expanding
returns on capital.
"NIKE, Inc. is designed to win. We've never been better positioned to capitalize on the opportunities ahead of us," said NIKE, Inc. President and CEO Mark Parker. "We have a strong management team and we are accelerating our innovation agenda to create products and services that drive growth in the marketplace, deliver exciting retail experiences globally and expand the capabilities of our powerful supply chain. We will continue to serve the athlete, reward our shareholders, manage risk, and lead our industry." Read more.
"NIKE, Inc. is designed to win. We've never been better positioned to capitalize on the opportunities ahead of us," said NIKE, Inc. President and CEO Mark Parker. "We have a strong management team and we are accelerating our innovation agenda to create products and services that drive growth in the marketplace, deliver exciting retail experiences globally and expand the capabilities of our powerful supply chain. We will continue to serve the athlete, reward our shareholders, manage risk, and lead our industry." Read more.
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