Nike's Net Profit In The Fourth Quarter Increased By 5% Over The Same Period Last Year.

　　 Nike (NKE) announced its fourth quarter earnings on Thursday. The report shows that Nike's net profit in the fourth quarter was US $698 million, an increase of 5% over last year's US $662 million. After the announcement, Nike shares rose 3% to $79.15 in post market trading in the New York market.

In the quarter ending May 31st, Nike's net profit was $698 million, and its earnings per share from continuing operations were 78 cents, which is better than the same period last year and exceeded analysts' expectations.

In the fourth quarter of last fiscal year, Nike's Net profit For $662 million, earnings per share from continuing operations were 76 cents per share. Analysts expect Nike's earnings per share to be 75 cents in the fourth quarter, according to Thomson Reuters survey.

Nike's fourth quarter revenue was US $7 billion 430 million, an increase of 11% over the same period last year. Nike has forecast that the fourth quarter revenue growth will be between 1% and 9%.

Nike The fourth quarter Gross profit margin was 45.6%, up from 43.9% in the same period last year, mainly due to the increase in the average price of products, and the higher profit margins of direct selling business increased.

Excluding the impact of exchange rate changes, the sales volume of Nike brand sneakers and clothing increased by 14% over the same period last year, and the future orders (used to measure future growth indicators) increased by 12%. In all regions except Japan, the growth rate of future orders has increased, but the growth rate in the Greater China region has slowed down to 6%.

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