In June, Nike reported soccer-related revenue was up 21%, excluding currency fluctuations, to $2.3 billion in the financial year ended May 31.
"I promise you it will continue like that in the next year," CEO Mark Parker told Germany's Handelsblatt daily, adding that the $2.3 billion did not include "a few hundred million dollars" from soccer lifestyle products such as football-themed tops.
Shares of Nike are currently down -1.25% to $77.67.
TheStreet Ratings team rates NIKE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate NIKE INC (NKE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."