innovation or creative option
NIKE, Inc. – Long-term Financial Objectives Chief Financial Officer Don Blair gave an overview of the Company’s performance against its long-term financial model, highlighting delivery of strong performance through good and bad market environments. “Our long-term financial model helps us stay focused on driving sustainable, profitable growth, powerful cash generation, and preserving a very strong balance sheet, all of which gives us tremendous flexibility to invest in our business and generate extraordinary shareholder value.” Primary financial objectives through 2015 included the following:
High single-digit revenue growth (average annual rate)
Mid-teens Earnings Per Share growth (average annual rate)
Return on Invested Capital of 25%
Increasing dividends within a target calendar year payout range of 25-35% of trailing four quarter earnings per share