Nike Confirms FY17 Sales Target of $36B
NIKE, Inc. (NYSE: NKE) today hosted investors at its world headquarters and announced its goal to deliver $36 billion in revenue by fiscal year 2017. The company also stated it expects to deliver revenues of $30 billion by fiscal year 2015, at the top end of its previously announced target range of $28-30 billion.
"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.”
The Company expects NIKE Brand growth across its business portfolio of geographical business units, product types, businesses and categories. Some of the NIKE Brand fiscal 2017 growth targets highlighted at the meeting included:
* Apparel to grow from $7.5 billion to $10 billion * Women's business to grow from $4 billion to $7 billion** * Direct to Consumer e-commerce business to grow from nearly $550 million to $2 billion
Investors and media are invited to view the replay of the webcast and slides from the event at http://investors.nikeinc.com. The transcript and other event materials will also be available approximately 24 hours after the event and accessible for approximately a year after the event.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.