The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Nike reports 20% jump in futures orders

Better-than-expected figure boosted by strong demand in North America and China

Published Wed, Dec 23, 2015 · 09:50 PM
Share this article.

London

NIKE Inc, the world's largest footwear maker, reported futures orders that breezed past analysts' estimates, powered by strong demand in North America and China.

The company's shares, already the top-performing year-to-date Dow component, rose 2.5 per cent to US$135.23 in extended trading on Tuesday, despite lower-than-expected second-quarter revenue.

Nike brand orders for delivery from December through April, a gauge of demand known as "futures …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here