Global brand reach helps NIKE's income to grow 19%

22 Mar '06

1 min read

World's largest maker of athletic shoes NIKE Inc reported record results for the third quarter ended February 28, 2006.

Third quarter revenues increased nine percent to $3.6 billion, compared to $3.3 billion for the same period last year.

Changes in currency exchange rates reduced revenue growth by three percentage points.

Net income grew 19 percent to $325.8 million, compared to $273.4 million in the prior year.

Diluted earnings per share grew 23 percent to $1.24, versus $1.01 last year.

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NIKE Inc based near Beaverton, Oregon is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.

NIKE Inc

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