Nike reports record first-quarter revenues
Nike has reported revenues of $8.4 billion for the first quarter of fiscal 2016, 5% higher than the same period last year.
Excluding currency changes, the growth was 14%.
Revenues for Converse were $555 million, up 3% on a currency-neutral basis, mainly driven by strong growth in the US, partially offset by a decline in the UK.
Orders athletic footwear and apparel scheduled for delivery between September 2015 and January 2016 were 9% higher for the same period last year.
“Fiscal 2016 is off to a great start,” said Mark Parker, President and CEO of NIKE, Inc. “Our relentless pace of growth is driven by our proven strategy of putting the consumer first, obsessing innovation in everything we do and leveraging our powerful portfolio.
"We’re well-positioned to continue to deliver long-term growth that is both sustainable and profitable.”
