Nike'S Revenue Jumped 16% In The Second Quarter Of Fiscal 11-12
Nike announced its financial results for the two quarter of November 30, 2011, ending in 2012.
As Nike brand continued strong demand, the two quarter earnings per share increased by 6%.
Sale
Management and administrative expenses (SG&A) and lower average share numbers offset the lower gross margin.
Nike
income
Increased by 18% to 5 billion 700 million dollars, and monetary neutrality grew by 16% over the same period last year.
Excluding the impact of currency changes, except for extreme sports products, all products of Nike brand increased by 18% in all regions, except in Japan.
Other business revenues increased by 5%, and currency exchange rate changes were least affected. Converse's income growth was offset.
Nike
Golf, Cole Haan, Hurley and Umbro have lower revenues.
Net income increased by 3% to US $469 million, diluted earnings per share increased by 6% US $1, and weighted average diluted common stock fell 4%.
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