Nike Inc. saw earnings soar 31.6 percent in its fourth quarter, as the company saw growth across the board.
For the quarter ended May 31, the Beaverton, Ore.-based active giant’s income climbed to $437.9 million, or 86 cents per diluted share, from $332.8 million, or 64 cents, in the same quarter last year.
Sales for the quarter grew a more modest 9.4 percent to $4.38 billion from $4.01 billion. All regions and categories experienced sales growth in the quarter, besides the Americas, where revenues were flat.
For fiscal year 2007, earnings climbed 7.1 percent to $1.49 billion, or $2.93 per diluted share, from $1.39 billion, or $2.64, in fiscal 2006.Revenues for the year jumped 9.2 percent to $16.33 billion from $14.95 billion last year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"