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    Nike'S Revenue Jumped 16% In The Second Quarter Of Fiscal 11-12

    2011/12/23 14:00:00 13

    Nike'S Revenue Surged

    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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