Nike continues double-digit growth

The global leader in sporting goods increased its sales by approximately ten percent during its fiscal year 2014-15 ended May 31, compared with the previous financial year. Overall turnover reached $30.6 billion. On constant currencies, sales improved by 14 percent. In the fourth quarter sales were up by 5 percent (13 percent currency-neutral) and reached $7.8 billion in reported U.S. dollars.

For the full year, the gross margin improved by 1.2 percentage points to 46.0 percent, due to higher average selling prices and expended B2C retail business. Net income jumped by 22 percent to $3.3 billion. This result was, however, partly offset because of higher expenses in products and logistics.

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