Comment on Nike, Inc. Reports Record Sales, but Earnings Are a Mixed Bag: Key Takeaways

Nike, Inc. Reports Record Sales, but Earnings Are a Mixed Bag: Key Takeaways

Nike is facing some headwinds to its overseas growth, but the big picture remains pretty solid. Image source: Nike, Inc. Nike, Inc. (NYSE: NKE) announced fourth-quarter and full-year 2016 financial results on June 28, reporting sales growth of 6% for both the quarter and year. Earnings were also up for the full year, increasing 15% on slightly better margins and the higher revenues, though they fell 2% in the fourth quarter. The company does continue to feel the impact of a very strong U.S.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News