Nike Profit Up 25 Pct. on Converse Boost
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Nike Inc. (NKE.N: Quote, Profile, Research) on Monday reported a 25 percent rise in quarterly profit, topping Wall Street estimates, on strong sales of Converse sneakers
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Nike has reported that first quarter revenues increased 18% to $3.6bn (â¬3bn), against $3bn (â¬2.5bn) for the same period last year.
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Nike Inc.  boosted its quarterly dividend by 25 percent on Monday, citing strong cash flow and growth prospects as the world's biggest athletic shoe company has racked up record revenue and soaring profits the past few years.
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Nike, the US sports footwear and clothing firm, unveils a 26% rise in first quarter income, thanks to the Olympics raising its profile.
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The electronic products maker said Thursday that its net income in the third quarter rose 25 percent to 200.2 billion yen ($1.9 billion).
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The company said it earned $256 million in the first quarter, tied to the performance of its Latin American business, and it raised its forecast for the year, sending shares up.
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Nike Inc.  posted higher fourth-quarter net profit on Tuesday, beating Wall Street estimates and sending shares up 4 percent in extended trade, as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
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Nike Inc. (NKE.N: Quote, Profile, Research) , the world&#39;s largest athletic shoe company, on Monday reported a 25 percent rise in quarterly profit, beating analysts
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Outdoor advertising company Clear Channel Outdoor Holdings Inc.  posted higher quarterly profit on Friday, helped by higher revenue.
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PORTLAND, Ore. Sept. 20, 2004 - Nike Inc. reported a better-than-expected 25 percent increase in first-quarter profits on Monday, helped by solid domestic and international sales.
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Nike Inc.  posted higher  fourth-quarter net profit on Tuesday, beating Wall Street  estimates and sending shares up 4 percent in extended trade, as  strong sales of Nike-branded footwear helped offset overall  challenges in the U.S. athletic shoe market.
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Talbots, the clothing retailer, said yesterday that second-quarter profit rose 4.8 percent as sales increased and the company benefited from the resolution of an income tax issue.
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Nike Inc. , the world&#039;s top  athletic shoe maker, on Tuesday reported a 5 percent drop in  quarterly net profit due to a one-time charge and said heavy  World Cup marketing spending would weigh on results in the  current quarter.
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Nike said yesterday that first-quarter earnings were up 25 percent as demand for its athletic shoes fueled the fastest United States sales gain in more than a year.
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The home furnishings retailer reported quarterly profit of $25.97 million on an improvement at its Pottery Barn chain, sending its shares up as much as 11 percent.
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British Airways PLC said Monday that net profit rose by 25.5 percent over the latest quarter and that passenger numbers also rose.
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Walt Disney Co. quarterly profit rose 24 percent on Thursday as stronger cable television results and a tax benefit more than made up for a sharp slowdown at Disney&#39;s movie studio.