June 2009 -- If it weren't for changes in currency exchange rates, revenue for the third quarter of 2009 would have shown a 2% increase. But as it turns out Nike reported a decrease in revenue (2%) to $4.4 billion. This compares with $4.5 billion for the same period last year.
Net income was $243.8 million or $0.50 per diluted share, compared with $463.8 million, or 92 cents per share, in the same period last year.
"Today's results say a lot about the strength and diversity of Nike, Inc. In a challenging environment, we delivered excellent operating results by executing with both focus and flexibility," Mark Parker, president and CEO of Nike. said in the March 18 earnings report. "I feel very good about our performance and our potential. Going forward we'll continue to stay close to the consumer, drive innovation into the marketplace, and operate with financial discipline by making the right decisions to restructure our organization for the future."
While Nike employs 30,000 across six continents, the company points out that "through our suppliers, shippers, retailers and other service providers, we directly or indirectly employ nearly one million people."
