Nike Reports Q2FY11 EPS of $0.94, Topped By $0.07 (NKE)

NIKE, Inc. NKE today reported financial results for its fiscal 2011 second quarter ended November 30, 2010. Earnings per share for the quarter were up 24 percent on 10 percent higher net revenue as NIKE, Inc. brands continued to experience strong sales in the marketplace and benefit from clean inventory positions while better leveraging SG&A expenses. Revenue was $4.8 billion; up 10 percent versus prior year or up 11 percent excluding currency changes. Diluted earnings per share were up 24 percent from the prior year to $0.94. NIKE Brand futures orders up 11 percen. Inventories up 8 percent versus prior year.