Nike Released Its Third Quarter Financial Report In Fiscal 13

< p > Nike (NKE) released its third quarter financial report in fiscal 2013.

The report shows that Nike's third quarter revenue was $6 billion 190 million, an increase of 9% over the same period last year of $5 billion 660 million, and net profit of $886 million, a 55% increase over the same period last year's 560 million US dollars.

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< p > in the fiscal quarter ending February 28th, Nike's net profit was 886 million US dollars and earnings per share were 95 cents, which is better than the same period last year.

In the third quarter of fiscal year 2012, Nike's net profit was $560 million and earnings per share were 60 cents.

Excluding the impact of divestiture of UMBRO (Umbro) and ColeHaan, Nike's net profit from continuing operations in the third quarter was $662 million, an increase of 16% over the same period last year, and earnings per share of 73 cents, exceeding analysts' expectations.

Financial information provider FactSet survey shows that analysts expect Nike's earnings per share to be 67 cents in the third quarter.

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P > Nike's third quarter revenue was $6 billion 190 million, up 9% from $5 billion 700 million in the same period last year, basically in line with analysts' expectations.

FactSet survey shows that analysts expect Nike to earn $6 billion 200 million in the third quarter on average.

Excluding the impact of exchange rate changes, the third quarter revenue of Nike brand increased by 10% over the same period last year. It has increased in all regions except the Greater China region and Japan. All major product categories except a target= "_blank" href= "//www.sjfzxm.com/" > clothing /a and ActionSports have also increased.

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By region, Nike's revenue in the third quarter of the 2 billion 546 million quarter from North America was US $2 billion 546 million, an increase of 18% over the same period last year of 2 billion 149 million US dollars, and its revenue from Western Europe was US $1 billion 40 million, which was 8% higher than that of the same period last year. The revenue from central and Eastern Europe was US $318 million, an increase of 16% US dollars over the same period last year. The revenue from the Greater China region was 635 million dollars, which was lower than the US dollar in the same period last year.

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According to the global brand division, Nike's third quarter revenue from Nike brand was US $5 billion 583 million, an increase of 9% over the same period last year of $5 billion 102 million, and the revenue from other business sectors was US $615 million, a 9% increase over the 563 million US dollars in the same period last year.

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< p > Nike's gross profit margin in the third quarter was 44.2%, an increase of 30 basis points over the same period last year.

Nike's sales and administrative expenses in the third quarter amounted to US $1 billion 900 million, an increase of 9% over the same period last year; demand creation expenditure was $619 million, an increase of 5% over the same period last year; operating expenses were 1 billion 200 million US dollars, up 11% over the same period last year.

Nike's effective tax rate in the third quarter was 22.8%, compared with 27.7% in the same period last year.

Nike's third quarter.

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In the third quarter, Nike bought back 4 million 900 thousand shares at about 253 million US dollars in the P quarter.

In September 2012, the board of directors of Nike approved the repurchase plan of a total of 8 billion dollars for a period of 4 years. As at the end of the third quarter, Nike could further repurchase 11 million 100 thousand shares according to the plan, and the total repurchase price was about 548 million dollars.

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Nike's stock price rose sharply by 7% in the after hours trading on the New York Stock Exchange (P), thanks to favorable earnings reports. < NYSE >

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