NIKE INC
SymbolNKE

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NIKE, Inc. Reports Fiscal 2010 First Quarter Results

2009-09-29 16:15 ET - News Release


Company Website: http://www.nikebiz.com/investors
BEAVERTON, Ore. -- (Business Wire)

NIKE, Inc. (NYSE:NKE):

Select First Quarter Results:

  • Revenue $4.8 billion; down 12 percent versus prior year or down 7 percent excluding currency changes
  • Diluted EPS up 1 percent from prior year to $1.04
  • Worldwide futures orders down 6 percent, down 4 percent excluding currency changes
  • Inventories down 7 percent versus prior year

NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2010 first quarter ended August 31, 2009. First quarter revenues decreased 12 percent to $4.8 billion, compared to $5.4 billion for the same period last year. Excluding changes in currency exchange rates, net revenue was down 7 percent compared to the same period last year. First quarter net income was flat compared to the prior year at $513 million and diluted earnings per share increased 1 percent to $1.04.

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