Nike'S Orders For Apparel And Shoes Grew In The Three Quarter

Nike released its third quarter fiscal report up to February 29th, which grew 16% to $4 billion 500 million in the quarter, compared with $3 billion 900 million a year earlier.

The exchange rate changed 6% in the quarter.

Net income in the three quarter increased 32% to $463 million 800 thousand, compared with $350 million 800 thousand in the same period last year and 35% in the diluted earnings per share, to 0.92 US dollars, compared with $0.68 in the same period last year.

"A year ago, we established the global revenue of US $23 billion in fiscal year 2011," said Mark Parker, President and chief executive officer of Nike company. "We set an outline for this goal, while continuing to pursue profit and sustainable development and submit significant returns to our shareholders.

The three quarter profit is very good, mainly the company's comprehensive product, regional and brand portfolio to promote sales, obviously, our strategy is playing a role, we are entering the track, in order to win the financial year and subsequent financial goals.

Forward orders: the company reported that the total long-term orders for sports shoes and sportswear delivered between March 2008 and August 2008 were $6 billion 900 million, and the size of such orders increased by 11% over the same period last year.

Exchange rate changes prompted orders to increase by 2 percentage points.

According to the regional division, us forward orders grew by 1%, while Europe (including the Middle East and Africa) grew by 12%, the Asia Pacific region grew by 32%, and the Americas grew by 20%.

Exchange rate changes led to a 3 percentage point increase in European long-term orders and 7 percentage points growth in the Asia Pacific region.

Exchange rate changes in the us do not significantly promote long-term orders.

Us: in the third quarter, US revenue increased by 5% to $1 billion 600 million, compared to $1 billion 500 million in the three quarter of 2007.

American sports shoes revenue increased 5% to $1 billion 100 million, clothing revenue increased 10% to $407 million 800 thousand, and equipment revenue decreased by 12% to 68 million 700 thousand US dollars.

Us pre tax income rose 17% to $347 million 300 thousand, compared with $296 million 400 thousand a year earlier.

Europe: in the third quarter, the company's European income increased by 23% to $1 billion 400 million, compared with $1 billion 100 million a year earlier.

Exchange rate changes lead to a 13 percentage point increase in revenue.

Shoes revenue increased 25% to $784 million 800 thousand.

Clothing revenue increased by 21% to $499 million 500 thousand, and equipment revenue grew by 23% to $100 million.

Pre tax income increased by 31% to $334 million 300 thousand.