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NIKE Thread - Page 37

post #541 of 11194
FW stuff looks soooo nice
post #542 of 11194
Originally Posted by eternaldrake View Post

tbs on 10/13

every season, Gyakusou drops when my kopping power is at a season-low.
post #543 of 11194
come on mayne shit don't drop for a couple weeks son
post #544 of 11194

These are awesome.  I've got a thing for dressed up Nikes



Originally Posted by RFX45 View Post

This chukka was a limited release. They are nice but of course Nike will not make it easy to get.
Nice colorways of the wingtips are limited too.
post #545 of 11194

There are 4 models of the flyknit trainer in the singapore nike store, if anyone is interested & is able to proxy. Price is sgd219. Colours available are white, black, red/volt & volt.

post #546 of 11194
Thread Starter 
Gyakusou FW12 footwear
post #547 of 11194
Shit really dig the two top right ones.
post #548 of 11194
Gold laces are ace
post #549 of 11194
Thread Starter 

Nike Reports $6.7 Billion in Revenue for Fiscal 2013 First Quarter Results

Nike, Inc. has released its financial results for its fiscal 2013 first quarter which ended August 31, 2012. Strong demand for Nike, Inc. brands propelled first quarter revenue to new record highs for the company as it rose 10% to $6.7 billion USD. However despite this, diluted earnings dropped 10% to $1.23 USD as net income was down 12%. This was in part due to greater expenses such as higher tax rates and selling and administrative expenses. Nike, Inc.’s portofolio of wholly-owned brands include lifestyle brands Cole Haan and Converse, alternative sports performance and lifestyle brand Hurley, and British football brand Umbro. Mark Parker, President and CEO, had this to say: “We had a strong first quarter and a great start to the fiscal year. NIKE, Inc. delivered an amazing array of innovation across some of the biggest moments in sport.” The President and CEO later added “Innovation is how great companies sustain growth and build competitive separation.” Below are several key takeaways from the first quarter income statement while the full details can be seen here.

Revenues for NIKE, Inc. increased 10 percent to $ 6.7 billion, up 15 percent on a currency-neutral basis. Excluding the impacts of changes in foreign currency, NIKE Brand revenues rose 16 percent, with growth in all key categories and every geography except Japan. Revenues on a currency-neutral basis for Other Businesses increased 9 percent, while Businesses to be Divested grew by 6 percent.

Gross margin declined 80 basis points to 43.5 percent. Gross margin continued to benefit from pricing actions and product cost reduction initiatives, however, this was more than offset by higher input costs, primarily materials and labor. In addition, gross margin was negatively impacted by a shift in the Company’s mix to lower margin businesses within the NIKE Brand and the conversion of the China market to direct distribution for Converse.

Selling and administrative expenses grew at a faster rate than revenue, up 18 percent to $2.2 billion. Demand creation expenses increased 29 percent to $891 million due to marketing support for key product initiatives, as well as support for the Olympics and European Football Championships. Operating overhead expenses increased 12 percent to $1.3 billion due to additional investments made in the wholesale business to support growth initiatives and higher Direct to Consumer costs from the addition of new stores over the last year.

Other income, net was $29 million, comprised primarily of foreign exchange related gains. For the quarter, the Company estimates the year-over-year change in foreign currency related gains and losses included in other income, net, combined with the impact of changes in foreign currency exchange rates on the translation of foreign currency-denominated profits, decreased pretax income by approximately $28 million.

The effective tax rate was 27.5 percent compared to 24.3 percent for the same period last year. The effective tax rate was higher due to a larger percentage of earnings coming from higher tax countries, primarily the United States, as well as a higher effective tax rate on operations abroad.

Net income decreased 12 percent to $567 million while diluted earnings per share decreased 10 percent to $1.23, reflecting a 3 percent decline in the weighted average diluted common shares outstanding. In a press release issued on May 31, 2012, the Company announced its intention to divest of the Cole Haan and Umbro businesses. Pro Forma diluted earnings per share, excluding the results of the Businesses to be Divested, would have been approximately $1.27, down 9 percent compared to the first quarter of fiscal 2012 on a comparable basis.**
post #550 of 11194
Thread Starter 
Gyakusou FW12 apparel
So much good stuff.
post #551 of 11194
post #552 of 11194
I want to wear all of it
post #553 of 11194
shog[1].gif where is it dropping in NY? 21 Mercer?
post #554 of 11194
has anyone seen the orange flyknit in person? I am hoping that it looks a lot less garish IRL like the red ones that RFX posted
post #555 of 11194
Look a few pages back and you'll Synthese pulling them off really well.

It is Synthese though.
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