Nike today posted a nearly 15 per cent increase in quarterly profit.
Net income at the world's largest athletic shoe company rose to $349.5 million, or $1.30 per share, in the fiscal fourth quarter ended May 31st, from $305.0 million, or $1.13 per share, a year earlier.
The per-share earnings were 3 cents better than the average forecast among analysts polled.
Revenue rose 7 per cent to $3.7 billion as demand grew across all regions and the weak dollar helped boost the value of overseas sales.
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The company's sales were boosted by sales of high-priced athletic shoes such as the Nike Shox and demand for its other brands such as Converse and Cole Haan.