Rieker
Nike Summer Results
11.10.2012 1672

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

Geox presented its fall-winter 2021 collection in Milan

Italian footwear and apparel brand Geox has unveiled a new season as part of Milan Fashion Week. The collection includes models of men's and women's shoes for every day, the main feature of which is traditionally for Geox "breathable" properties.
02.03.2021 69

Interview with Friedrich Naumann, CEO of Wortmann Vostok, official representative of Tamaris in Russia

About what the year of the pandemic was for the German brand Tamaris, about the challenges of the time, the support of partners in the crisis, the impact of online technologies, and about the brand's new collection with Friedirch Naumann, CEO of Wortmann Vostok, the official ...
01.03.2021 75

The only exhibition of European footwear brands in Russia EURO SHOES premiere collection opened in Moscow today

Moscow, March 1, 2021. The largest international exhibition of footwear, bags and accessories in the total look format has started in the capital's event hall MAIN STAGE. Manufacturers from Germany, Italy, Spain, Turkey and other European countries represent ...
01.03.2021 288

Farfetsh will cooperate with Bosco di Cilegi

Farfetsh, one of the world's largest online platforms for the sale of fashionable goods, has entered into a cooperation agreement with Bosco di Cilegi, a major player in the Russian luxury fashion market. In the course of cooperation, the online platform ...
01.03.2021 120

"Honest Mark" transfers the participants of the marking system to electronic document flow

The operator of the labeling system - CRPT - drew up a plan for the transition to electronic document management for those who work with labeled goods. According to the decree of the government of the Russian Federation of December 25.12.2020, 2273 No. 1, from January 2022, XNUMX, use only ...
01.03.2021 151
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning