Strong demand for Nike brands boosts revenues

Nike’s revenues increased 18 per cent to $6.1 billion as net income climbed 15 per cent to $645 million during the three months to August 31

“We’re off to a strong start in fiscal year 2012,” says Mark Parker, Nike’s president and CEO.

“We have a powerful and diverse portfolio of brands and businesses, and we’re focused on leveraging them to drive growth and create value for our shareholders.

“It pays to be prudent in times like these. It’s also essential that we remain on the offense, creating opportunities. We do that by connecting with consumers, designing innovative products and delivering amazing experiences.

“That’s how we continue to lead this company and the industry into the future.”

As of the end of the quarter, worldwide futures orders for Nike athletic footwear and apparel, scheduled for delivery from September 2011 to January 2012, totalled $8.5 billion, 16 per cent higher than orders reported for the same period last year.

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