Nike’s run of success continues, as the brand’s stock hit an all-time high this week.
According to the Portland Business Journal, Nike’s stock soared to $136 USD per share on Tuesday (Dec. 22) after it reported a 20 percent increase in future orders in its second fiscal quarter — which is measure of the demand of Nike products.
Shares are up 37% this year alone, making it the biggest gainer in the Dow Jones Industrial Average.
“2015 was the single greatest calendar year ever for the Nike brand,” said Trevor Edwards, Nike brand president.
Nike is expected to hit $50 billion USD in annual sales by 2020.