BEAVERTON, Ore. (AP) -- Athletic shoe and clothing giant Nike says its net income jumped 53 percent in the fourth quarter as its sales and margins increased from a year earlier, when it recorded a major restructuring charge.
The company said after the market closed Wednesday that it earned $522 million, or $1.06 per share, for the quarter. That's up from $341.4 million, or 70 cents per share, a year earlier.
Excluding restructuring charges from last year's fourth-quarter results, the company's net income grew 7 percent.
Nike's revenue for the quarter grew 8 percent to $5.1 billion, meeting Wall Street expectations.
The company, based Beaverton, Ore., saw strong international sales market and solid performance from its array of brands.
