Nike Inc. (Beaverton, Ore.) reports revenues grew 18 percent to $5.7 billion, up 16 percent on a currency-neutral basis for fiscal 2012 second quarter ended November 30, 2011. Net income increased 3 percent to $469 million.
“Our strong second quarter results demonstrate that the Nike portfolio is a powerful engine for growth,” says Mark Parker, president and ceo, Nike Inc. “We’re able to accomplish this by staying focused on what we do best – deliver innovative products and experiences that serve athletes, inspire consumers and reward our shareholders. Going forward we’ll continue to use the unique power of our portfolio to drive growth, manage risk and connect with consumers.”
Nike operates wholly-owned subsidiaries including Cole Haan, Converse Inc., Hurley Intl. and Umbro Intl. Limited.