Nike: profits up by +282% for a total of 3 billion dollarsThe giant from Beaverton, Oregon announces extremely positive 2018 year-end results.
An exceptional year for Nike, with total sales amounting to 28.93 billion dollars, for a result that is up +9% over the previous year, alongside an incredible +282% in profits that arrived at 3.04 billion dollars. This positive performance can mostly be attributed to the excellent results of the last quarter, during which Nike recorded a net profit of 1.1 billion (+219%), exceeding the estimates made by Wall Street analysts.
The brand’s top management expressed satisfaction: “During the third quarter, our team once again drove strong, healthy growth across Nike’s complete portfolio. – commented Mark Parker, President and CEO of Nike – Our business momentum is being accelerated by our ability to scale innovation at a faster pace and expand new digital consumer experiences around the world.”