Companies and Brands
Nike Is Strongest Performing Dow Stock of 2015
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Nike Inc. (NYSE: NKE) shares have advanced 35% in 2015, the strongest of any stock in the Dow Jones Industrial Average. Its performance compares to an overall Dow performance of 3.2%.
Nike, among other strengths, is the number one maker of athletic apparel in the United States. In its most recent fiscal year, it posted revenue of $30.6 billion, up 10% from the previous year. Net income rose 22% to $3.27 billion. Over $13.7 billion of its revenue came from North America, follow by Western Europe at $5.7 billion.
Footwear constituted $18.3 billion in Nike’s last quarter.
When Nike reported its annual revenue, management hinted this year will be strong:
“Fiscal 2015 was an outstanding year for NIKE,” said Mark Parker, President and CEO, NIKE, Inc. Our consistent growth is fueled by our connection to the consumer and our ability to deliver innovation at an unprecedented pace and scale. At no time in our history has the growth potential been greater for NIKE.”
Nike’s most valuable asset is its brand. According to the Interbrand’s list of the world’s most valuable brands, Nike ranked 17th with a brand value of $23.1 billion, up 16% from the previous year. Nike’s market capitalization is $110 billion.
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