Rieker
Nike Summer Results
11.10.2012 1626

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
Midinblu

Latest News

New YEEZY - 380 Calcite Glow released

adidas + Kanye West unveil the Yeezy Boost 380 Calcite Glow silhouette. The model features a sleeker upper and an abstract camouflage pattern.
26.10.2020 174

In September, the e-commerce market in Russia reached record levels

In September, the activity of the Russian e-commerce market broke the previous record, which was noted in May during the period of self-isolation, writes new-retail.ru with reference to the Data Insight analytical agency.
26.10.2020 120

Shoes Report Instagram live streams

Already this Thursday, October 29, a live broadcast with an expert will take place on the magazine's Instagram account! The guest of the broadcast is a regular author of the magazine and speaker of the business program of the Euro Shoes Premiere Collection exhibition, business coach, consultant, expert ...
26.10.2020 145

Galeries Lafayette opens its third store in China

The renowned French luxury department store Galeries Lafayette has signed a lease to open its third store in China. The new store is slated to open in 2022 at D. Place Shopping Center in Nanming District, Guiyang City, ...
25.10.2020 241

The second adidas x IVY PARK collection in collaboration with Beyoncé is released

adidas presents the second adidas x IVY PARK collection, created in collaboration with American singer Beyoncé. The Drip 2 collection includes a wide range of sportswear for training and everyday life, shoes and accessories. ...
25.10.2020 303
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning