From the Oregonian article "Nike posts record quarter:"
The euro, the pound and the peso have muscled aside athletes as star performers for Nike, propelling the sneaker giant to a record $4.3 billion quarterly revenue.
From Europe to Asia to Latin America, strong currencies flowed into Nike's coffers during the quarter ended Nov. 30, boosting the company's revenue in dollars. Executives of the global company based near Beaverton expect that trend to continue during the next two quarters, more than offsetting higher oil prices and labor rates.
Nike exceeded analysts' expectations, reporting second-quarter net income of $359 million, or 71 cents per share. That's up from $326 million, or 64 cents, in the same period a year earlier. The company increased its quarterly cash dividend to 23 cents per share, a 24 percent increase over the previous quarter.....
..... China captured the limelight, not just due to the Olympics. Revenues there grew 37 percent in the quarter as Nike hurried to open hundreds more stores before August, when the Games begin.
Both China and the Europe-Africa-Middle East region are on track to surpass $1 billion in revenue this fiscal year. Russia and Turkey are standouts, with revenues up 45 percent and 39 percent, respectively.
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