Wednesday, March 19, 2008

The dung beetle wears Nikes.

Just loving the after hours action following the report of a 32 percent long jump in quarterly net profit, easily flying by expectations. Sales in China rose 50 percent in the quarter on a currency-neutral basis. Nike has already reached $1 billion in sales in China, a year ahead of its original target, Chief Executive Mark Parker said on a conference call. Shares were up about 4% on the news.

On a semi-related note, saw today that my old friends at HM&P were named AOR for Foot Solutions, capping a patient court-and-spark romance that dates back a good 3 years. Congrats everybody! Persistence pays off.

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