Nike second quarter revenue up 10 per cent to $4.8billion

Revenue at Nike has increased 10 per cent to $4.8billion for its fiscal 2011 second quarter ended November 30, compared to the same period last year.

Umbro, Cole Haan, Converse, Hurley and Nike Golf all experienced growth during the quarter, while forward orders for athletic footwear and apparel up until April 2011 totalled $7.7billion, 11 per cent up on the corresponding quarter 12 months ago.

“We had a great second quarter,” says Mark Parker, president and CEO of Nike. “Almost every brand, category and geography delivered growth.

“We continue to outperform the markets thanks to our innovative product, compelling brands and strong marketplace management.

“That’s good for athletes and consumers, good for our industry, and it’s good for our shareholders.

“Going forward, we’re in the enviable position of having far more opportunities than challenges.

“I’m confident our strategies can continue to deliver sustainable, profitable growth.”

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