This excerpt taken from the NKE 10-K filed Jul 28, 2008.
Consolidated Operating Results
FACE="Times New Roman" SIZE="2">Revenues
Fiscal 2008 Compared to Fiscal 2007STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">During fiscal 2008, changes in foreign currency exchange rates contributed 5 percentage points of consolidated revenue growth. Strong demand for NIKE
brand products continued to drive revenue growth, as all four of our geographic regions and, on a consolidated basis, all three of our product business units delivered revenue growth. The U.S. Region contributed nearly 2 percentage points of the
consolidated revenue growth for fiscal 2008. Excluding the effects of changes in currency exchange rates, our international regions contributed nearly 7 percentage points of the consolidated revenue growth for fiscal 2008, as all of our
international regions posted higher revenues. Our Other businesses, comprised of results from Cole Haan, Converse, Exeter Brands Group (whose primary business was the Starter brand business which was sold on December 17, 2007), Hurley
International, NIKE Bauer Hockey (which was sold on April 17, 2008), NIKE Golf, and Umbro (which was acquired on March 3, 2008) contributed the remaining consolidated constant-currency revenue growth, as Cole Haan, Converse, Hurley and
NIKE Golf posted higher year-over-year revenues.
By product group, our worldwide NIKE brand footwear revenue grew 14% and contributed more
During fiscal 2007, changes in foreign currency exchange rates contributed 2 percentage points of
By product group, our worldwide NIKE brand footwear revenue grew 7% and