Nike'S Global Sales Increase Sharply

Nike reported the company's financial position in the 2008 fiscal year ending May 31st.

Revenue increased 14% to $18 billion 600 million this year, compared with $16 billion 300 million last year.

Net income rose 26% to $1 billion 900 million, compared to $1 billion 500 million last year, and earnings per share increased by 28% to $3.74, compared with $2.93 last year.

In the fourth quarter, revenue grew by 16% to $5 billion 100 million, compared with $4 billion 400 million a year ago.

Net income in the fourth quarter increased by 12% to 4.90.5 billion, compared with $437 million 900 thousand last year and diluted earnings per share increased by 14% to $0.98, compared with $0.86 last year.

5% of the annual revenue growth comes from exchange rate changes, and the fourth quarter growth of 7% comes from exchange rate changes.

Nike president and chief executive Mark Parker said that in the 2008 fiscal year, Nike is another year of great business development.

The strength of Nike brand, Nike's popularity, diversification and product mix have greatly increased its sales in the world and major markets.

By continuing to provide convincing consumption experience and relying on strong executive power, we are confident that we can maintain long-term profit growth and create value for our shareholders.

In the future, we will continue to take advantage of these advantages, continue to invest in product innovation, deepen brand convergence, improve the share of retail market, and improve business efficiency.

Our focus is to maximize our potential in an uncertain macroeconomic environment and make our business stronger, better and better, becoming the leader and innovator of the industry.

With the successful conclusion of 2008, we found ourselves better than ever.

Future orders: the company reported that the global future orders for sports shoes and clothing delivered between June 2008 and November 2008 totaled $8 billion 800 million, an increase of 11% over the same period last year.

3% increase in orders is due to exchange rate changes.

In the regional situation, US orders were unchanged from last year; Europe (including Middle East and Africa) grew by 10%; the Asia Pacific region grew by 31%, and the Americas grew by 30%.

The exchange rate has increased by 7% of European future orders for future orders of 6% in the Asia Pacific region, as well as 1% of future orders for the Americas.

In the fourth quarter, US revenue increased 4% to $1 billion 700 million, compared to $1 billion 600 million a year ago.

Us pre tax income decreased by 10% to US $390 million 700 thousand.

The US revenue increased 4% to US $6 billion 400 million throughout the year.

Us pre tax income rose 2% to $1 billion 400 million.

In the fourth quarter, revenues in Europe increased by 19% to $1 billion 500 million, compared with $1 billion 300 million in the same period last year.

Exchange rate changes will raise revenue by 15%.

Fourth quarter income before tax rose 8% to $326 million 200 thousand.

European income increased by 19% to $5 billion 600 million throughout the year, and the exchange rate increased by 11%.

Pre tax income rose by 22% in the fiscal year to $1 billion 300 million.

In the fourth quarter, Asia Pacific revenue grew by 39% to $828 million, compared with $596 million 900 thousand last year.

13% of the revenue growth comes from exchange rate changes, and the pre tax income in the fourth quarter increased by 32% to $166 million.

Throughout the year, Asia Pacific revenue grew 26% to $2 billion 900 million, compared with $2 billion 300 million last year.

Exchange rate changes raise revenue by 6%.

Pre tax income increased by 36% to $692 million 600 thousand.

Fourth quarter income in the Americas grew by 30%, to $306 million 600 thousand, the same as last year.

Exchange rate changes raise revenue by 11%.

Pre tax income increased by 53% to $60 million 800 thousand.

Throughout the year, the income of the Americas increased by 21% to $1 billion 200 million, of which 7% grew from exchange rate changes.

Pre tax income increased by 24% to $239 million 300 thousand.