Piper Jaffray Raises Price Target on Nike (NKE) Following Investor Day
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NIKE, Inc. Announces Target of $50 Billion in Revenues by End of FY20*
October 14, 2015 5:39 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today provided an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, Ore., the Company announced a revenue target of $50 billion by the end of fiscal year 2020. Additionally the Company shared its long-term financial model of high single-digit to low double-digit revenue growth, mid-teens earnings per share growth and expanding returns on invested capital.
NIKE is built for growth, said Mark Parker, President and CEO of NIKE, Inc. We... More
NIKE’s Manufacturing Revolution Accelerated by New Partnership with Flex
October 14, 2015 4:42 PM EDTNIKE partners with world-class, sketch-to-scale manufacturer
BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) announced today a partnership with Flex (NASDAQ: FLEX), a world-class global manufacturer, to accelerate NIKEs vision to bring advanced innovation to its manufacturing supply chain. Working together, NIKE and Flex will deliver footwear innovation that enables product to reach consumers more quickly, with customized solutions and increased performance innovation.
NIKE has been actively developing new technologies to enhance its manufacturing business model for the past few years with investments in... More
NIKE, Inc. Announces Target of $50 Billion in Revenue by End of FY20*
October 14, 2015 1:27 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today will provide an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, Ore., the Company announced a revenue target of $50 billion by the end of fiscal year 2020.
Today, were showing how NIKE is built for growth now and for years to come, said Mark Parker, NIKE, Inc. President and CEO. We lead because we serve the athlete and consumer completely through breakthrough product and personal experiences, all... More
Lose It!, the world’s most popular weight loss app, launches in UK and Ireland
October 13, 2015 4:00 AM EDTWith more than 25 million members worldwide, Lose It! launches with calorie information for thousands of classic British dishes and popular food choices
LONDON--(BUSINESS WIRE)-- If a weight loss app can work in the fattest nation on Earth, then surely it can work here. The last count by Public Health England showed that six out of ten English men and five out of ten English women are now obese, but the Americans are even fatter. 70 percent of US men have completely lost sight of their feet, as have 57.6 percent of US women.
... More
