NIKE, Inc. (NKE) Reports Fiscal Q4 2011 Stock Jumps in After Hours

Date: 6/27/2011

NIKE, Inc. (NKE) Reports Fiscal Q4 2011 Stock Jumps in After Hours. Live stock market after hours trading video on Nike's Earnings.

NIKE, Inc. Reports Fiscal 2011 Fourth Quarter and Full Year ResultsFourth quarter revenues up 14 percent to $5.8 billion; up 11 percent excluding currency changesFourth quarter diluted earnings per share up 17 percent to $1.24

Fiscal 2011 revenues of $20.9 billion, up 10 percent on both reported and currency neutral basisFiscal year diluted earnings per share up 14 percent to $4.39NIKE Brand futures orders up 15 percent; up 12 percent excluding currency changesInventories as of May 31, 2011 were up 33 percent versus the prior year

NIKE, Inc. (NYSE:NKE - News) today reported financial results for its fiscal 2011 fourth quarter and full year ended May 31, 2011. Diluted earnings per share for both the quarter and full year hit record highs, as higher revenues and SG&A expense leverage more than offset a lower gross margin rate."In fiscal year 2011, we delivered exceptional results in extraordinary times," said Mark Parker, NIKE, Inc. President and CEO.

"Our business is organized to drive growth across multiple brands, geographies and categories, as we manage through the ever-changing macroeconomic landscape." Parker added, "We continue to deliver compelling innovation to athletes and consumers, and strong returns for our shareholders. The global appetite for sports has never been stronger."*

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