Nike Is Here to Dominate

Athletic apparel giant Nike (NYSE: NKE) has been the king of sportswear for a long time now. Its current focus on digital transformation is paying off, with the Nike Direct business going strong, and international growth has also been impressive. The athletic-wear giant delivered a strong fiscal first-quarter report, which helped boost the shares to a record high.

Nike's stock price is up 30.7% in 2019, and its last earnings report was extremely solid. Over the past three years, sales have grown by 6.42% and earnings have risen by 25.6%. These numbers simply show how strong the financials of the company are. Its only rival, Adidas (ETR: ADS), has lost several customers to Nike. First-quarter results beat Wall Street expectations, with revenue up 7% to $10.7 billion (10% excluding the effects of foreign currency movements). Revenue was up 12% in the Europe, Africa, and the Middle East division, 13% in Latin America and the Asia-Pacific, and 27% in China.