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What is Nike Q3 2012 Earnings Summary about?

NIKE, Inc. reported a 15% increase in revenues to $5.8 billion for the fiscal 2012 third quarter, with diluted earnings per share rising 11% to $1.20. The company experienced growth in futures orders and all key categories except Japan, while inventories rose 32%. Despite a decline in gross margin due to higher product costs, management remains optimistic about future growth driven by innovation and upcoming major sports events.

Author

jeevraj rai

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EN