NIKE Inc reported financial results for its fiscal 2011 second quarter ended November 30, 2010. Revenues per share for the quarter were up 24% on 10% higher net revenue as NIKE, Inc. brands continued to face hot sales in the marketplace and benefit from clean inventory strategies while better leveraging SG&A expenses.
“We had a great second quarter. Almost every brand, category and geography delivered growth,” commented Mark Parker, President and CEO of NIKE, Inc.
“We continue to outperform the market thanks to our innovative product, compelling brands and strong marketplace management,” he added. “That’s good for athletes and consumers, good for our industry, and it’s good for our shareholders. Going forward, we’re in the enviable position of having far more opportunities than challenges. I’m confident our clean inventory strategies can continue to deliver sustainable, profitable growth.”