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NIKE Second Quarter Earnings Call
Author: Rozalina Destanova
123jump.com
Last Update: 4:32 PM EST December 21 2007

The athletic-shoe maker reported revenue increase of 14% to $4.34 billion, surpassing expectations of $4.21 billion. Nike, which recently announced it would buy British soccer brand Umbro, has been largely unaffected by a slump in demand for athletic shoes among U.S. mall-based retailers. European sales rose 18% while sales in Asia increased 17%, both lifted by currency translations. Nike opened a flagship store in Beijing in August as it expands its reach in China.

 

 

 
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