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Nike, Inc. on June 27 announced a 15% quarterly profit growth, high-priced sneakers such as Shox running shoe sales strong, but cautious revenue projections allow the company's shares fell 4 percent.
The Cheap Jordans maker of the world's first profit topped Wall Street's survey, but when the company announced nine Since its slowest quarterly revenue growth, some investors were disappointed, clothing sales also declined in the US and Europe up, analysts say. As of the fourth quarter on May 31, the net income rose to $ 349.5 million, earnings per share was $ 1.30. Over the same period last year, net income was $ 305 million, earnings per share was $ 1.13.
jordans for cheap earnings per share ratio Reuters Assessment Group (Reuters Estimates) surveyed three cents better than analysts predicted. In a telephone consultation, Nike said in fiscal 2006 revenue growth is expected to still have a high number of units, but the forecast growth in the first quarter will belong to the low end of Cheap Jordans the expected level of 7% to 9%. Nike's stock has risen since mid-April, up 13 percent, above the minimum of $ 68.61 in the 52 weeks since the deal is good. "Perhaps because of this quarter predict there will be explosive growth." Susquehanna Financial Group analyst John Xiang Li (John Shanley) said.
Recently turned upscale fashion sneakers, like Shox running shoes and evergreen inflatable Jordan shoes (Air Jordan) has been so like headquarters in Beaverton, Oregon, cheap jordans online such companies earn pours.According to the marketing firm NPD Group report, the United States each valued at more than $ 100 dual-sport shoes demand rose 18 percent last year, reaching almost $ 600 million. This is especially good news for authentic cheap jordans , its share of the lucrative US market, more than twice better than any of its competitors.
Since the demand is on the rise in all regions, income Nike fourth quarter rose from $ 3.5 billion to $ 3.7 billion, the weak dollar helped Nike increase in sales overseas. In the largest markets in the US, Nike's revenue grew 3 percent to $ 1.3 billion, which includes a 7% revenue growth sneakers, reaching $ 907.2 million. As with the end of the cheap retro jordans National Basketball Association (National Basketball Association) license agreement and hurt the sales of apparel in the US market, which is growth in all regions of the slowest. Asia-Pacific region rose by 19 percent, reaching $ 535 million, while sales in Europe Middle East and Africa region increased 4%, reaching $ 1.1 billion. The cheap jordans for sale company's other brands of income, such as Cole Haan, Converse and Hurley rose 6 percent, reaching $ 529.2 million, the emergence of non-Nike-line revenue as the company tries to go beyond its core US business to increase sales attempt.
An important index Cheap real jordans, from June to November worldwide orders for athletic footwear and apparel grew by 9.5% a year earlier, reaching $ 6.3 billion. Order in the United States rose by 10 percent futures. Overall profit margin rose to 45.2 from 43.8 in telephone consultation, Nike said that due to continued foreign exchange advantage and a stronger supply chain, in 2006 is expected to have higher overall profit margins. These results are published than an analyst meeting in New York a day early, recently replaced one of Nike founder Philip Knight (Philip Knight) became CEO William Bole Si (William Perez) is expected to be in conference to provide more details about the company's performance and future strategies.
Cheap Jordan Shoes New York Stock Exchange-listed shares fell $ 3.71 in the afternoon, or 4.15 percent, to $ 85.64 per share.
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