Nike posts record results
Athletic footwear, apparel, equipment and accessories brand Nike, Inc. has reported record results for the third quarter ended
The company also reported world-wide futures orders for athletic footwear and apparel, scheduled for delivery from March 2006 through July 2006, totalling $5.4 billion, 2.9% higher than the orders reported for the same period last year.
On a regional basis, US revenues increased 14% to $1.4 billion versus $1.3 billion for the third quarter of fiscal 2005. US athletic footwear revenues increased 18% to $1 billion. Apparel revenues increased 6% to $366.6 million. Equipment revenues declined 3% to $70.3 million.
Revenues for the European region declined 5% to $980.1 million from $1 billion for the same period last year. Footwear revenues were $563.8 million, down 8% from $615.3 million a year ago. Apparel revenues decreased 1% to $347.1 million and equipment revenues increased 3% to $69.2 million.
Third quarter revenues for the Asia Pacific region grew 13% to $532.3 million compared with $472.8 million a year ago. Footwear revenues were up 19% to $284.1 million, apparel revenues increased 6% to $199 million and equipment revenues grew 6% to $49.2 million.
Revenues in the
Third quarter other business revenues, which include Converse Inc., Nike Golf, Nike Bauer Hockey Inc., Cole Haan, Hurley International LLC and Exeter Brands Group LLC, grew 17% to $454.5 million from $389.6 million last year.