Nike First Quarter Earnings Call

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Nike First Quarter Earnings Call

Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 1:56 PM EDT September 25 2007

The designer, marketer and distributor of sportswear reported an 11% increase in revenue to $4.7 billion as it benefited from the weaker dollar and strong performance from all regions. The revenue growth is in line with the aggressive growth plan to achieve $23 billion in revenue by fiscal year 2011. Future orders for delivery also increased to $5.9 billion. Revenue growth is expected grow to low double digit levels driven by business momentum and a favorable currency outlook.

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