This summary is based on the third quarter fiscal 2008 earnings call conducted by Nike, Inc. (NKE: chart) on March 19, 2008.

Management:

President and Chief Executive Officer, NIKE, Inc.: Mark Parker
Chairman of the Board of Directors: Philip H. Knight
President, NIKE Brand: Charlie Denson
Vice President, Investor Relations: Pamela Catlett
Vice President and Chief Financial Officer: Don Blair

Key Investors Issues

- EPS were 92 cents a share compared to 68 cents a share last year.
- Net income was $463.8 million, up from $350.8 million a year earlier.
- Sales rose to $4.54 billion from $3.93 billion last year.

Third Quarter Highlights

Revenue grew 16% to $4.5 billion, compared to $3.9 billion for the same period last year.

- Changes in currency exchange rates increased revenue growth by 6 percentage points.
- Net income grew 32% to $463.8 million, compared to $350.8 million in the prior year and earnings per share increased 35% to 92 cents per share, versus 68 cents per share last year.

The company reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from March 2008 through July 2008, totaling $6.9 billion, 11% higher than such orders reported for the same period last year.

Changes in currency exchange rates increased reported orders growth by 2 percentage points.

By region, futures orders for the U.S. increased 1%; Europe (which includes the Middle East and Africa) increased 12%; Asia Pacific grew 32%; and the Americas increased 20%.

Changes in currency exchange rates increased reported futures orders growth in Europe by 3 percentage points and by 7 percentage points in Asia Pacific. In the Americas region changes in currency exchange rates did not have impact on futures growth.

U.S. revenues increased 5% to $1.6 billion versus $1.5 billion for the third quarter of fiscal 2007.

- U.S. athletic footwear revenues increased 5% to $1.1 billion.
- Apparel revenues increased 10% to $407.8 million and equipment revenues decreased 12% to $68.7 million.
- U.S. pre-tax income increased 17% to $347.3 million from $296.4 million a year ago.

Revenues for the company’s European region grew 23% to $1.4 billion from $1.1 billion for the same period last year.

- Changes in currency exchange rates increased revenue growth by 13 percentage points.
- Footwear revenues were up 25% to $784.8 million.
- Apparel revenues increased 21% to $499.5 million and equipment revenues increased 23% to $100 million.
- Pre-tax income increased 31% to $334.3 million.

Revenues in the Asia Pacific region grew 27% to $748.3 million compared to $589.9 million a year ago.

- Changes in currency exchange rates increased revenue growth by 7 percentage points.
- Footwear revenues were up 29% to $411.3 million, apparel revenues increased 25% to $272.6 million and equipment revenues grew 21% to $64.4 million.
- Pre-tax income increased 46% to $193 million.

Revenues in the Americas region increased 20% to $254.4 million from $212.5 million in the third quarter of fiscal 2007.

- Currency exchange rates contributed 10 percentage points to this growth rate.
- Footwear revenues were up 16% to $177.9 million, apparel revenues increased 30% to $55 million and equipment revenues grew 24% to $21.5 million.
- Pre-tax income increased 23% to $51.9 million.