| skeviasiarpns | Date: Thursday, 20/06/2013, 15:38 | Post # 1 |
|
Private
Group: Member
Message: 1
Status: Offline
|
1 Footwear Stock That forces you to Rich
better not Miss:Readers' Choice 2013Conjunto Father's DaySpurs loved even in IcelandBizarre celebrity death hoaxesJune happeningsComics GamesOpinion HomeColumnistsCommentaryEditorialsLetters to the EditorAutomotiveEagle FordColumnistsNational/InternationalReal EstateSalary WizardTop Work PlacesRecent StoriesRestaurant SearchRestaurant News and ReviewsRecipesNike posted very secure numbers Q3 2013 numbers. Total earnings for the quarter are $6.2 million, rise by 9% (10% at constant foreign exchange) Year from year. The company's net income was up 55% annually. Inventories for both the company plus the brand are also up by 4% each. Earnings per share saw an increase by 20%, to $0.73.
Revenues for Nike Brand also inflated by 9% to $5.6 billion dollars. excluding Greater China and Japan, The brand witnessed growth michael kors purses in all other geographic regions over the world. the us saw the maximum increase in earnings 24% year on year. whenever Hurley, One of Nike's other ventures, Saw a decline in profits this quarter, Converse and Nike Golf saw larger revenue from sales. due to the fact, the general revenue from Nike's other businesses also rose by 9% at constant currency rates. christian louboutin outlet
Why Those Numbers Look victorious
The strong results are mainly due to high consumer demand, Continuing development, Lower costs and increased income. The company is known for continuous research in designing and generation better products, More fitted to athletes.
The strong results put to rest some analysts' mixed views about the business's future. Many of them believe that brands like Lululemon Athleticaand Under Armourare a growing threat to the sports giant.
Under shield, an example, Filed a trademark breach case against Nike last month. This could be seen as a very bold move by the apparel company, Currently onetenth how large is Nike. what's more, Under Armour might have been trying hard to carve a niche for itself in the athletic shoe segment, Nike's stronghold. in actual fact, in the packages last quarter, the particular business recorded 43% growth in footwear sales, Year located on year. moreover, It saw a rise in its international revenue, upwards by 30%.
Lululemon, nevertheless, Is narrower on women's sports clothing and yoga wear. The company has been dealing with somewhat troubled times lately, Especially because recent recall of christian louboutin sale its YogaLuon pants, internet marketing too sheer. you can actually shares tumbled following the news, Also denting its earnings latest results for the quarter. yr after, company michael kors watches was involved in another issue in quality maintenance when there were problems related to dyebleeding.
but bear in mind, Luluemon's strongest points are its shops. The rapidly expanding company aims to open eight new stores in the next quarter and 43 in fiscal 2013. Nike may be too big to be affected by this piece of news, But cheap nfl jerseys it does face some serious challenge from Lululemon in yoga athletic wear and, somewhat,Golf outfits.
When all is considered and done, Nike still has quite an edge over these smaller companies. Deals with sports leagues and endorsement contracts with celebrities are some of the factors that will continue to work in its favour. The company recently signed on our planet's No. 1 golfer, Rory McIlroy becasue it is brand ambassador.
Strong numerical characters, A huge business, Growing global marketplace presence with increasing scope in the developing countries, And a huge brand name make me favorable about this stock. With a little bit more effort in effective inventory management and new product launches, Nike can continue to be king of its segment. And with its shares trading at a record high, It may just make you very wealthy, immediately.
|
| |
| |
