DALLAS, Oct. 2, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring NIKE Inc. (NYSE:NKE). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on NIKE Inc. (NYSE:NKE) should be of particular interest to other apparel and footwear retailers: Skechers USA Inc. (NYSE:SKX), Foot Locker Inc. (NYSE:FL) Under Armour Inc. (NYSE:UA) and The Timberland Company (NYSE:TBL).
The full report is available at: http://www.stockpreacher.com/n/NKE
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/StockPreacher
NIKE Inc. (NKE) is engaged in the design, development and worldwide marketing of footwear, apparel, equipment and accessory products. NKE sells athletic footwear and athletic apparel to retail accounts, through NKE-owned retailers, including stores and Internet sales, and through a mix of independent distributors and licensees, in more than 170 countries around the world.
In the report, the analyst notes:
"During fiscal 2009, NKE took steps it believes prudent and necessary to identify and manage potential exposures and to position the Company for sustainable, profitable long-term growth. In the fourth quarter of fiscal 2009, the Company executed a plan of restructuring the organization to streamline its management structure, enhance consumer focus, drive innovation more quickly to market, and establish a more scalable cost structure. As a result of these actions, the Company reduced its global workforce by approximately 5% and incurred pre-tax restructuring charges of $195 million, primarily consisting of cash charges related to severance costs. As part of this restructuring plan, the Company also initiated a reorganization of the NIKE brand business into a new operating model consisting of six geographies.
"NKE reported financial results for its fiscal 2010 first quarter ended August 31, 2009, posting a 12% decline in first-quarter revenues to $4.8 billion, compared to $5.4 billion for the same period last year. Excluding changes in currency exchange rates, net revenue was down 7% compared to the same period last year. First-quarter net income was flat compared to the prior year at $513 million and diluted earnings per share increased 1% to $1.04."
To read the entire report visit: http://www.stockpreacher.com/n/NKE
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.