Neither competitive mergers nor a fashion shift tofusion seemed to have any impact on the Eager Beavertons as they reportedrecord net income and revenues. Futures orders, meanwhile, rose to $4.9billion, driven by exceptionally strong demand in the U.S. sneaker business.U.S. futures rose 12%; European futures rose 4%; Asia/Pacific futures rose 15%;and Americas futures rose 32%. Nike said it expected to hit the higher end ofits earnings targets of mid-teens earnings growth on high single digit salesgrowth for the year, which certainly seems cautious in light of Q1 and thefutures.

Every region and every product category had revenueincreases. Indeed, about the only ... Log in to view full article.