Sponsors
Billabong ▼ 0.000 | PPR ▼ -3.15 | American Apparel ▲ +0.031 | The Buckle ▲ +0.68 | Columbia ▼ -0.40 | Deckers Outdoor ▲ +0.37 | Dicks ▲ +0.49 | Foot Locker ▲ +0.25 | Genesco ▲ +0.76 | Iconix Brand Group ▲ +0.39 | Jarden Corp ▼ -0.20 | Nordstrom ▲ +1.29 | Luxottica ▼ -0.78 | Nike ▲ +1.51 | Pacific Sunwear ▼ -0.09 | Skullcandy ▼ -0.12 | Sport Chalet ▲ +0.01 | Urban Outfitters ▲ +0.67 | VF Corp ▲ +0.94 | Quiksilver ▼ -0.05 | Zumiez ▲ +0.66 | Macys ▲ +1.01 | Tillys ▲ +0.08 |
Ticker Sponsor
Readers Say
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Industry Insight

SHACC: "Endless Summer" party this Friday.
KNOWSHOW: Complete list of exhibitor brands and mobile app available.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Top line results from Nike's Q1 earnings

By Tiffany Montgomery
September 29, 2009 2:50 PM

Nike Inc. reported earnings for the quarter ended Aug. 31 today.

Here are the major highlights. To read a more complete report, including several comments from Nike executives about the performance of Nike's new action sports category in a conference call this afternoon, click here.

Total revenue: down 12% to $4.8 billion, or 7% in constant currency.

Net income: flat at $513 million

Future orders: down 6% to $6.2 million, or 4% in constant currency

Inventories: down 7% to $2.3 billion

Cash and short term investments: $6.3 billion, up 40% from the same period last year.

Other Businesses (Hurley, Cole Haan, Converse, Nike Golf and Umbro) revenue: Down 5% to $604 million, or down 3% in constant currency.

Other Businesses earnings before interest and taxes (EBIT): flat at $87 million

 

 

 


Articles You Might Have Missed