Nike, Inc. today reported financial results for the second quarter ended November 30, 2006. For the quarter, revenue grew 10 percent to $3.8 billion, compared to $3.5 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 1 percentage point for the quarter. Second quarter net income grew 8 percent to $325.6 million, compared to $301.1 million in the prior year and diluted earnings per share increased 12 percent to $1.28, versus $1.14 last year.
In the Q2 2007 Nike Earnings Conference Call today, Nike announced that Nike+iPod Sport Kit runners have now logged over 3 million miles and over 3 million Nike+ shoes have been sold since the introduction in July. Nike+ “continues to be extraordinary” with more shoe models to debut soon.
More info about the Nike+iPod Sport Kit (US$29) here.
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