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

28
Jun '05

Footwear & apparel maker Nike Inc reports double-digit revenue growth for fiscal 2005; EPS up 28 percent to $4.48; Worldwide futures orders increase 9.5 percent.

Highlights:
- Fiscal 2005 revenues up 12 percent to $13.7 billion, earnings per diluted share up 28 percent to $4.48
- Fourth quarter revenues up 7 percent; earnings per diluted share up 15 percent to $1.30
- Full-year revenue growth across all Nike brand regions and product lines; All regions post record revenues and profits
- Nike Inc Other business full-year revenues grew 22 percent, exceeding $1.7 billion
- Full-year gross margin percentage grew 160 basis points to 44.5 percent
- Balance sheet strengthens as cash and short term investments rise to $1.8 billion

Nike Inc reported record financial results for the 2005 fiscal year, ended May 31, 2005. Earnings per diluted share for the year grew 28 percent to $4.48, supported by double digit revenue growth and record gross margins.

World's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories Nike Inc reported record financial results for the 2005 fiscal year, ended May 31, 2005. Earnings per diluted share for the year grew 28 percent to $4.48, supported by double digit revenue growth and record gross margins.

For the fiscal year ended May 31, 2005, revenues increased 12 percent to $13.7 billion, compared to $12.3 billion in fiscal year 2004. Changes in currency exchange rates contributed three percentage points of this growth, while the acquisition of Converse and Starter added one point. Full year net income was up 28 percent to $1.2 billion, or $4.48 per diluted share, versus $945.6 million, or $3.51 per diluted share, in 2004.

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