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Nike Inc revenues up 12% to $13.7bn for fiscal 2005

28 Jun '05

9 min read

Full-year Asia Pacific revenues increased 18 percent to $1.9 billion, compared to $1.6 billion last year. Four percentage points of this growth were the result of changes in currency exchange rates. Footwear revenues increased 13 percent to $962.9 million. Apparel revenues were up 23 percent to $755.5 million. Equipment revenues increased 25 percent to $178.9 million. Pre-tax income increased 13 percent to $399.8 million.

Americas
Quarterly revenues in the Americas region increased 20 percent to $201.1 million. This growth rate reflected a six percentage point increase due to changes in currency exchange rates. Footwear revenues were up 18 percent to $134.4 million, apparel revenues increased 20 percent to $53.2 million and equipment revenues increased 36 percent to $13.5 million. Pre-tax income was up 11 percent to $29.2 million.

For the full year, Americas revenues increased 15 percent to $695.8 million, compared to $604.5 million last year. One percentage point of this growth was the result of changes in currency exchange rates. Footwear revenues increased 17 percent to $478.6 million, apparel revenues grew six percent to $169.1 million and equipment revenues increased 31 percent to $48.1 million. Pre-tax income rose 21 percent for the full year, to $117.6 million.

Other Revenues
In the fourth quarter, Other revenues, which include results for Bauer NIKE Hockey, Inc., Cole Haan Ò , Converse Inc., Exeter Brands Group LLC, Hurley International LLC and NIKE Golf, grew six percent to $529.2 million. For the full year, other revenues increased 22 percent to $ 1.7 billion. Pre-tax income declined two percent for the fourth quarter and increased 104 percent for the full year.

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