Nike Summer Results
11.10.2012 3069

Nike Summer Results

In June-August, the largest manufacturer of sports goods Nike Inc. increased revenue by 10% - up to $ 6,669 billion against $ 6,081 billion a year earlier, the company said.

Excluding the adverse effects of exchange rate differences, revenue increased by 15%.

Nike's pre-tax profit fell by 8%, to $ 782 million due to increased sales and administrative expenses associated with promoting the company's products during the European Football Championship and Olympic Games.

Nike's gross margin grew by 8%, to $ 2,903 billion. The growth was lower than expected due to increased production costs, including material and wage costs.

Net profit of a sports goods manufacturer fell by 19% to $ 529 million. Nike's profit fell for the second quarter in a row. Prior to this, the company last recorded a fall in profits in September-November of 2009.

In June-August, the company's revenue attributable to the Nike brand increased by 10%, to $ 5,864 billion. Most of the revenue came from shoe sales - $ 3,69 billion. Clothing sales amounted to $ 1,761 billion.

Nike is the largest market in North America, in the first quarter of the 2013 financial year this region accounted for $ 2,706 billion against $ 2,2 billion a year earlier (an increase of 23%).

The company's revenue in Central and Eastern Europe, to which Nike ranks among Russia, increased by 2%, to $ 342 million, due to an increase in clothing sales (by 9%). Sales of shoes and other goods decreased by 1% and 3%, respectively.

Excluding currency fluctuations, Nike's revenue in Central and Eastern Europe increased by 16%. The company notes that in June-August it managed to achieve growth in almost all markets of this region, including double-digit sales growth in Russia and Turkey.

In Western Europe, Nike sales fell by 5%, to $ 1,167 billion. The company's revenue in China grew by 8%, to $ 572 million, in Japan - decreased by 6%, to $ 183 million.

Nike is the world's largest manufacturer of sporting goods. In the 2012 fiscal year, the company's revenue grew by 16%, to $ 24,1 billion, diluted earnings per share - by 8%, to $ 4,73, retailer.ru reports.

In June-August, the largest sports goods manufacturer Nike Inc. increased revenue by 10% - to $ 6,669 billion against $ 6,081 billion a year earlier, the company said. Without considering the negative ...
5
1
Rating

Latest News

Post Archive Faction was a great success at Pitti Uomo in Milan

Yesterday, the South Korean brand Post Archive Faction (PAF) showed at the Milan men's fashion fair. "It's not a star being born yet, but it's certainly the biggest success of all the shows this week at Pitti Uomo," writes Fashion…
20.06.2025 266

Tod's Releases Volume 2 of Italian Hands – Artisanal Stories From Italy

Tod's Group has published the second volume of the book "Italian Hands – Artisanal Stories From Italy".
19.06.2025 331

EKONIKA opens fifth flagship store in new design concept

The fifth updated EKONIKA flagship opened today in the capital in the Aviapark shopping center. The store's retail space is 143,5 sq. m. And the brand's signature design, which was first introduced by the company last year and has already managed to…
18.06.2025 358

Detsky Mir has added capsules of summer accessories to its own brand collections

Detsky Mir continues to develop its own brands Futurino and Wapoo. The brands' summer collections include clothing and footwear, including bright plastic clogs with decorative jibbits. In addition to them, there are also cassoulet collections...
18.06.2025 391

Bob Marley's Family Collaborates With Shoe Brand Chaco

Sandals that reflect the spirit of Bob Marley's creativity were released in collaboration with the Bob Marley family and the American brand Chaco.
18.06.2025 316
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning