Oreland based famous footwear seller NIKE Inc reported record results for the second quarter ended November 30, 2005.
Second quarter revenues increased 10 percent to $3.5 billion, compared to $3.1 billion for the same period last year.
Net income grew 15 percent to $301.1 million, compared to $261.9 million, and diluted earnings per share grew 18 percent to $1.14, versus $0.97 in the prior year.
'Led by the outstanding performance of the Nike brand in the US and Americas regions, they delivered strong growth in revenue and profitability in the second quarter,' said William D Perez, President and Chief Executive Officer, Nike Inc.
“In addition to the Nike brand, their Other businesses also delivered double digit growth in revenue and profits.
The power of their Nike, Inc. portfolio was evident this quarter, with strength in the US, China and Latin America balancing more challenging results in Western Europe and Japan.
They feel very good about their business overall, and their prospects for delivering on their financial goals for the fiscal year.”
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; Bauer NIKE Hockey Inc, a leading designer and distributor of hockey equipment.