top shadow

current news

Nike Reports 18% Rise in 1q Revenue

(Filed Under Financial and General Interest News). Leading activewear and accessories brand Nike, Inc. reported 18 percent jump in revenue for the first quarter of fiscal 2012.

The 18 percent increase brought the company’s revenue to $6.1 billion. Revenue was up 11 percent on a currency-neutral basis, with 12 percent growth in every market excluding Western Europe, which remained flat.

Reported net income was $645 million, up from $559 million. Earnings per share rose 19 percent to $1.36, up from $1.14 in the prior year’s quarter.

"We’re off to a strong start in fiscal year 2012. We have a powerful and diverse portfolio of brands and businesses, and we’re focused on leveraging them to drive growth and create value for our shareholders," said Mark Parker, president and C.E.O. of Nike. "It pays to be prudent in times like these."

Nike, Inc. is based in Beaverton, Ore.

more Financial and General Interest News >>

Published 09-23-2011 by Katherine Rautenberg

Related Articles

Nike Reports 18% Rise in 1q Revenue
Nike Inc. 4q Earnings Up

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow