Nike misses revenue projections
29/06/2016
Sportswear manufacturer Nike recorded a 6% increase in revenues during the fourth quarter of the 2016 fiscal year. Total revenue of $8.2 billion fell short of Wall Street projections due to sluggish sales from North America. Revenues for the whole of Fiscal 2016 were up 6% to $32.4 billion. “Our consistent growth is fueled by innovation, which is ...