Nike'S Net Profit Growth In The Fourth Quarter Has Little Change In Us Orders.

According to Reuters's 06 - 26 issue, which is signed by Braden Reidar, Nike announced its performance report for the fourth quarter ended May 31st on Wednesday.

According to the financial report, the net profit of Nike's fourth quarter also showed an upward trend due to interest rate growth and the depreciation of the US dollar and the growth of the international market sales volume. However, the sales volume of its domestic market has not increased, especially its orders have hardly changed.

During the fourth quarter, Nike's net profit increased 12% to 490 million 500 thousand dollars over the same period last year of 437 million 900 thousand US dollars, that is, the diluted profit per share also increased from 98 cents in the same period last year to 86 cents.

During the fourth quarter, Nike's revenue grew by 16% compared to the same period last year, reaching 5 billion 100 million US dollars.

Profits and revenues exceed analysts' expectations.

According to the average expectation of analysts surveyed by Reuters, Nike's revenue in the fourth quarter was $4 billion 950 million, and its diluted earnings per share were 96 cents.

During the fourth quarter, Nike's total revenue in the US market increased by 4%, while sales in Europe increased by 19%; Asia Pacific sales increased by 39%.

At the same time, Nike also said that its global orders for the fourth quarter, including footwear and clothing, increased by 11%, but the related products orders in the US domestic market hardly changed.

Among them, the European market orders grew by about 10%, and Asian regional market orders grew by 31%.

On the New York stock exchange, Nike's stock price closed at $65.97 on Wednesday, and its share price dropped to $62.32 after its earnings.