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Global orders of clothing & footwear up at Oregon-based shoe maker
20 Mar '08
3 min read
Futures Orders:
The Company reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from March 2008 through July 2008, totaling $6.9 billion, 11 percent higher than such orders reported for the same period last year. Changes in currency exchange rates increased reported orders growth by 2 percentage points.
By region, futures orders for the U.S. increased 1 percent; Europe (which includes the Middle East and Africa) increased 12 percent; Asia Pacific grew 32 percent; and the Americas increased 20 percent. Changes in currency exchange rates increased reported futures orders growth in Europe by 3 percentage points and by 7 percentage points in Asia Pacific. In the Americas region changes in currency exchange rates did not have a significant impact on futures growth.
Regional Highlights:
U.S.:
During the third quarter, U.S. revenues increased 5 percent to $1.6 billion versus $1.5 billion for the third quarter of fiscal 2007. U.S. athletic footwear revenues increased 5 percent to $1.1 billion; apparel revenues increased 10 percent to $407.8 million; and equipment revenues decreased 12 percent to $68.7 million. U.S. pre-tax income increased 17 percent to $347.3 million from $296.4 million a year ago.
Europe:
Third quarter revenues for the Company's European region grew 23 percent to $1.4 billion from $1.1 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 13 percentage points. Footwear revenues were up 25 percent to $784.8 million. Apparel revenues increased 21 percent to $499.5 million and equipment revenues increased 23 percent to $100.0 million. Pre-tax income increased 31 percent to $334.3 million.
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The Company reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from March 2008 through July 2008, totaling $6.9 billion, 11 percent higher than such orders reported for the same period last year. Changes in currency exchange rates increased reported orders growth by 2 percentage points.
By region, futures orders for the U.S. increased 1 percent; Europe (which includes the Middle East and Africa) increased 12 percent; Asia Pacific grew 32 percent; and the Americas increased 20 percent. Changes in currency exchange rates increased reported futures orders growth in Europe by 3 percentage points and by 7 percentage points in Asia Pacific. In the Americas region changes in currency exchange rates did not have a significant impact on futures growth.
Regional Highlights:
U.S.:
During the third quarter, U.S. revenues increased 5 percent to $1.6 billion versus $1.5 billion for the third quarter of fiscal 2007. U.S. athletic footwear revenues increased 5 percent to $1.1 billion; apparel revenues increased 10 percent to $407.8 million; and equipment revenues decreased 12 percent to $68.7 million. U.S. pre-tax income increased 17 percent to $347.3 million from $296.4 million a year ago.
Europe:
Third quarter revenues for the Company's European region grew 23 percent to $1.4 billion from $1.1 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 13 percentage points. Footwear revenues were up 25 percent to $784.8 million. Apparel revenues increased 21 percent to $499.5 million and equipment revenues increased 23 percent to $100.0 million. Pre-tax income increased 31 percent to $334.3 million.
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