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In the same time frame one year previously, Nike recorded growth of 9%. Among the challenges the company is facing are the recent successes of its determined rivals. One such peer is the relatively young Under Armour (NYSE: UA ), which has scored champion sports celebrity endorsers such as the NBA’s Stephen Curry and pro golfer Jordan Spieth. Under Armour is also growing its revenue at a much higher rate than the relatively mature Nike; last year, it posted a 29% increase in its top line. click referenceNike’s most recent fiscal year growth figure was 6%. That said, Nike’s EPS beat was undeniably impressive, and it’s still on a growth path, even if its trajectory isn’t as steep as that of high-flying Under Armour. Investors should remain optimistic about the company’s prospects. A secret billion-dollar stock opportunity The world’s biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn’t miss a beat: There’s a small company that’s powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors!
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