Nike – Fiscal 2017 Fourth Quarter and Full Year Results

Nike (NKE) reported fiscal 2017 fourth quarter and full year results yesterday. The company presented really good growth.

• Fourth quarter revenues up 5 percent to $8.7 billion; 7 percent growth on a currency-neutral basis*
• Fourth quarter diluted earnings per share increased 22 percent to $0.60
• Fiscal 2017 revenues up 6 percent to $34.4 billion; 8 percent growth on a currency-neutral basis*
• Fiscal 2017 diluted earnings per share increased 16 percent to $2.51

Nike closed at $53.17 yesterday. If I calculate with the newly reported diluted earnings per share, it has a 21.18 P/E ratio.

As I'm looking at these growth numbers, I'm seeing a wonderful company, so I happily hold my shares and collect my dividends.

Disclosure: Long Nike.

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