Nike is unstoppable. Despite fierce competition in recent years from Adidas, Puma, and Under Armour…Nike is stronger than ever. Nike stock price reached an all-time high this week after the company reported earnings this year. The stock hit $136 USD per share on Tuesday in after-hours trading increasing 37% this year.
Sales are also up with business in the United States reaching $3.5 billion, while sales in China have also increased 28%. Nike is expected to hit $50 billion USD in annual sales by 2020.
source:Portland Business Journal
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