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News / Business / Business Briefs

Nike hits $30 billion in revenue for fiscal year 2015

The Columbian
Published: June 27, 2015, 12:00am

PORTLAND — Four years ago, Nike chief executive Mark Parker said the company would reach $28 billion to $30 billion in revenue by 2015. On Thursday, Nike reported it had hit the mark, recording $30.6 billion for the fiscal year that ended May 31, a 14 percent increase over last year.

“Fiscal 2015 was an outstanding year for Nike,” Parker said in a news release.

Also Thursday, the Oregon sports footwear and apparel company announced fourth-quarter revenues up 5 percent to $7.8 billion reflecting 13 percent growth excluding currency changes. Fourth-quarter diluted earnings per share were up 26 percent to 98 cents.

For the fiscal year 2015, revenues were up 10 percent to $30.6 billion — 14 percent growth excluding currency changes. Also, fiscal 2015 diluted earnings per share were up 25 percent to $3.70.

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