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Nike Sees Sales Rise 4.8% In Q4, Rakes In $30B In Revenue For FY '15Published in SportsBusiness Daily on 06 / 26 / 15
Nike saw a 4.8% increase in Q4 sales "though continued pressure from a stronger dollar weighed on revenue growth and future orders," according to Germano & Stynes of the WALL STREET JOURNAL. Nike "derives most of its income from North America, but more than half of its sales are further afi...
FL-based Outback Sports Ltd. (OSL), a new limited partnership formed by Outback Steakhouses, announced that Scott Letellier and Ross Berlin have joined the company as President and CEO, respectively.
In its first day of trading on the New York Stock Exchange, the price of CART stock "rose more than" 24% yesterday, according to Bill Koenig of INDIANAPOLIS STAR- NEWS. CART issued 4.7 million shares
CART Inc. will begin public trading today under the symbol "OPW" when 4.7 million shares are offered in an IPO. Shares were priced at $16. CART said it plans to use the net proceeds from the IPO, expe
adidas-Salomon AG reported record sales of $3.7B for ''97, and its "first-ever" double-digit earnings per share, according to Reuters. Earnings per share rose from $3.82 to $5.65. The company said tha
IMG and Chase Capital Partners have formed a private equity venture to invest in the sports industry. The new fund, called IMG/Chase Sports Capital and headquartered in New York City, has targeted $20
Despite slipping retail sales in snow-sports products nationwide last year, "it was snowboarding that heated up sales, while ski sales ... chilled," according to Penny Parker of the DENVER POST. Gart
Arnold Palmer has teamed up with venture capitalist Peter Nanula and the Hicks-Muse real estate opportunity to fund a $200M real estate investment trust (REIT) comprising of more than 20 golf courses
After announcing an expected shortfall in its first quarter earnings, Callaway Golf shares "were clubbed" Monday, falling 3 9/16 to $28.75. In its estimates, Callaway cited El Nino and the "economic t
The value of Nike''s stock was examined by PBS''s Darren Gersh on "Nightly Business Report." Gersh: "The advertising is gritty, determined, heroic. It''s the essence of the Nike brand, a brand that so
Callaway Golf said Friday that its U.S. sales "are getting drenched by El Nino" and the impact could "drag earnings" 70% below analysts'' first-quarter estimates, according to Bruce Bigelow of the SAN