Beaverton, Oregon – Nike’s Q3 footwear sales were $5.07bn – up 11% on Q3 2015, according to the company's latest financial report.
Footwear sales during the financial year’s nine-month period sales were $14.7bn – up 9% on the first three quarters during the prior financial year, the company said.
Overall sales of Nike products gave the firm a Q3 EBITDA (earnings before interest, tax, depreciation and amortisation) figure of $1.27 bn. The nine-month peroid up to the end of February 2016 saw EBITDA of $4.15bn.
President and ceo Mark Parker said the firm “delivered robust and balanced growth across its portfolio.”
Footwear sales in North America were $2.4bn during Q3 - a 16% increase on Q3 2015. The firm’s footwear sales were $6.9bn in the first nine months of the current financial year – a 12% increase on the prior year period. Western European Q3 sales were $985m, exactly the same as Q3 the year before.
During the first nine months of the financial year, Western European sales were $2.9bn – a 1% drop on the prior year’s nine month revenues.
Footwear sales in China rose by nearly 30% in Q3 2016 ($719m) and totaled $1.9bn during the nine months to February 29, 2016 - 33% higher than the year before, its report said.
