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.