Nike delivered quarterly earnings and revenue that topped analysts' expectations on Thursday. (Tweet this)
The sports apparel retailer posted fiscal fourth-quarter earnings of 98 cents per share and $7.78 billion in revenue. Wall Street had forecast that the company would report 83 cents a share on $7.69 billion in revenue, according to a consensus estimate from Thomson Reuters.
Shares of Nike were up more than 3 percent in extended trading.
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Revenue for the Nike Brand was up $7.4 billion, up 13 percent excluding the impact of changes in foreign currency. Nike Inc. revenue was $7.8 billion, or up 13 percent on a currency-neutral basis.
Gross margin increased 60 basis points to 46.2 percent, largely due to higher average selling prices, Nike said.
"Fiscal 2015 was an outstanding year for Nike," said CEO Mark Parker in a press release. "Our consistent growth is fueled by our connection to the consumer and our ability to deliver innovation at an unprecedented pace and scale. At no time in our history has the growth potential been greater for Nike."