Nike Sales And Profits Up 14%

  • June 27, 2011
Nike says its fourth-quarter revenues are up 14% to $5.8 billion, or 11% excluding currency changes. And net income also increased 14%, rising to $594 million. The Beaverton, Ore.-based company says for its full fiscal year, revenues gained 10% to $20.9 billion, with growth in all regions but Japan and Central and Eastern Europe. And net income rose 12% to $2.1 billion.

"In fiscal year 2011, we delivered exceptional results in extraordinary times," Mark Parker, NIKE, Inc. President and CEO, says in a release. "The global appetite for sports has never been stronger."

At the end of the quarter, futures orders footwear and apparel are 15% higher than a year ago.

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