Chasing Nike (NYSE:NKE) in the footwear business has to be a frustrating exercise for the likes of Adidas (Nasdaq:ADDYY), Skechers (NYSE:SKX), and Puma. In good times and bad, Nike's unmatched commitment to marketing and product development translates into strong share, revenue, and profits. Should Nike ever make a similar commitment to leading the apparel market, who knows how much larger the company could get? In any case, Nike doesn't look cheap today, but then it so seldom does.
A Solid End To The Year
Nike brought the fiscal year to a good end with fourth quarter results. Revenue rose more than 7% as reported, or about 9% on a constant currency basis. Growth was led by the tiny equipment business (up over 10%), while footwear sales rose almost 7% and apparel was up 6%. While the North American market has remained a hot one for Nike (up 12%), China has turned positive again.
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Investopedia: Nike Stretches Its Lead
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