Nike reported results this afternoon for the quarter and fiscal year ended May 31.
Fourth Quarter
Total revenue: up 8% to $5.1 billion. Up 4% in constant currency.
Net income: up 7% to $522 million, excluding charges last year.
Gross margin: 47.4% vs. 43.4%
Other businesses revenue (includes Hurley and Converse): up 9% to $714 million.
Other businesses EBIT: up 71% to $73 million
Full year
Total revenue: down 1% to $19 billion. Down 2% in constant currency.
Net income: up 2% to $1.9 billion, excluding charges last year.
Gross margin: 46.3% vs. 44.9%
Other businesses revenue (includes Hurley and Converse): up 5% to $2.5 billion.
Other businesses EBIT: up 43% to $299 million, excluding charges last year.
Future orders
Up 7 % to $8.8 billion, or up 10% in constant currency.
Inventories
Down 13% to $2 billion
Cash and short term investments
$5.1 billion, up 49%
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