Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
Nike First Quarter Earnings Call
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 1:56 PM EDT September 25 2007


(Continued)

Email article | Print article

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.

 
Mark Parker: E-commerce today is a small percentage of our business relative to what we think it could or should be, and we want to move this to a real commitment to pursuing the full potential of one of the fastest growing channels on the planet. The focus for us is in the U.S. market first and foremost but we see great potential around the world, certainly in Europe and in the Asia Pacific region as well. We are trying to take this through phases and starting with the USA as being the primary focus. We are building a strong team to really go after the opportunity and build this into a competency for Nike.

Margaret Mager (Goldman Sachs): On your decision that Nike Bauer Hockey would be a sale candidate, what were the parameters around which you made that judgment?

Charlie Denson: The key here is focusing on the biggest opportunities. The Bauer business today is about $160 million last year hence not that material to the portfolio. Therefore, the long term growth potential just wasn''t going to move the needle and we felt we could better deploy the resources elsewhere.
  1  2  3  4 More: Market Update Archive

 



 
© 1999-2008 123jump.com. All rights reserved