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Demand drives up Nike in Q2

12/19/2014

Citing strong consumer demand for its products, Nike reported a big boost in revenue and profit for the second quarter.


“Our strong second quarter results once again demonstrate NIKE is a growth company,” said Mark Parker, president and CEO of NIKE Inc. “The power of our portfolio continues to unlock growth, as we keep a laser focus on our biggest opportunities. The breadth and depth of that portfolio has helped us consistently deliver strong results –- quarter after quarter, year after year.”


The company earned $655 million, or 74 cents per share, for the period that ended Nov. 30. That's up 23% from the $534 million, or 59 cents per share, earned last year. Revenue jumped 15% to $7.38 billion from $6.43 billion.


The company said profit got help from strong sales growth, improved margins and fewer outstanding shares. Nike also said that its worldwide futures orders, which are orders scheduled for delivery from December through April, rose 7%.


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