Nike Stock Hits an All-Time High

Nike's (NYSE: NKE) shares reached a record high this week, after the athletic apparel and footwear giant's fiscal first-quarter results beat Wall Street's expectations.

Nike's revenue rose 7% year over year to $10.7 billion. Excluding the impact of foreign currency movements, revenue increased by 10%.

Growth in the company's international segments was particularly strong. Nike's Europe, Middle East, and Africa segment saw revenue rise 12%. Its Asia Pacific and Latin America segment delivered 13% growth. Sales in China, meanwhile, surged 27%.

Source Fool.com