Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » Business News – Nike reports 16 percent profit increase
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Nike, Inc. reported revenues from continuing operations rose 9 percent in its third quarter ended Feb. 28, to $6.2 billion, up 10 percent excluding currency changes. Net income from continuing operations increased 16 percent with the help of gross margin expansion and a lower tax rate. Worldwide futures orders were up 6 percent, or 7 percent growth excluding currency changes.

“Our team delivered strong results in Q3. We did it with   …  More

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This entry was posted on Wednesday, March 27th, 2013 at 3:51 pm and is filed under Business news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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