Nike Inc, reported Wednesday that its second quarter net income grew 10 percent, gained on international sales growth and athletic footwear.
The Oregon-based company posted $359.4 million in net income and earnings per share increased 11 percent to $0.71.
Our second quarter was another great one, and it illustrates the ability of our portfolio to deliver consistent, profitable growth. Mark Parker, Nike, Inc. President and Chief Executive Officer, said.
U.S. revenues increased 7 percent to $1.5 billion in sales, athletic footwear revenues increased 12 percent, apparel revenues decreased 3 percent and equipment revenues increased 9 percent.
Other region includes Europe grew 18 percent to $1.2 billion in sales and Asia Pacific grew 17 percent to $674.6 million sales.
The company's affiliate brands portfolio includes Nike Bauer Hockey and the Starter brand did not align with the company's long-term growth priorities and would be divested, said Nike management on release.
In October this year, the Company has acquired the remaining shares of Umbro plc which Nike said the acquisition will significantly expand Nike's key growth football category.
Nike shares rose more than 3.0 percent after hours to $66 after closing at $63.80 on the New York Stock Exchange.