Nike Inc revenues up 9% to $15bln for fiscal 2006

28 Jun '06

1 min read

Leading designer, marketer and distributor of authentic athletic footwear NIKE Inc reported financial results for the 2006 fiscal year, ended May 31, 2006. For the fiscal year, revenues grew 9 percent to $15.0 billion, compared to $13.7 billion last year.

Net income increased 15 percent to $1.4 billion, compared to $1.2 billion last year, and diluted earnings per share increased 18 percent to $5.28 versus $4.48 last year. For the fourth quarter, revenues increased 8 percent to $4.0 billion, compared to $3.7 billion for the same period last year.

Fourth quarter net income declined 5 percent to $332.8 million, compared to $349.5 million in the prior year, and diluted earnings per share declined 2 percent to $1.27, versus $1.30 last year. Changes in currency exchange rates reduced revenue growth by 1 percentage point for the full year, and 2 percentage points for the fourth quarter.

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NIKE Inc is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories.

NIKE Inc

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