NIKE Revenue Up 8%

Sept. 24, 2010
Revenue was $5.2 billion for fiscal 2011 first quarter

NIKE, Inc. reported financial results for its fiscal 2011 first quarter ended August 31, 2010 on Sept. 24. Earnings per share for the quarter were up 10% on 8% higher net revenue. Revenue was $5.2 billion.

Net income increased 9% to $559 million.

"We had a great first quarter. It demonstrates the power of our growth strategy, which is to create innovative products, amazing brand experiences, and premium retail destinations wherever consumers connect with NIKE," said Mark Parker, CEO, NIKE, Inc. Going forward well continue to maximize the flexibility, balance and alignment that we have built into our portfolio of brands and categories. Those strengths will help us navigate the continued uncertainty in the macro-economic picture. More importantly they help us leverage the global appetite for sports and innovation, which has never been stronger."

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