Nike reports record Q2 results - leatherbiz: Leading news site for the Leatherbiz

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Nike reports record Q2 results

21/12/2005

Nike Inc. has reported record results for the second quarter ended November 30, 2005.

Second quarter revenues increased 10% to $3.5 billion, compared with $3.1 billion for the same period last year. Net income grew 15% to $301.1 million, compared with $261.9 million in the comparable period of 2004.

"Led by the outstanding performance of the Nike brand in the US and Americas regions, we delivered strong growth in revenue and profitability in the second quarter," said William D. Perez, president and CEO. "In addition to the Nike brand, our other businesses also delivered double digit growth in revenue and profits.”

The company also reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from December 2005 through April 2006, totalling $5.2 billion, 2.5% higher than such orders reported for the same period last year.



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