The slowdown in futures orders clearly signals that revenue growth in the second half of fiscal 1998 will be below our previous expectations. This is largely a result of the slowdown in the Asia Pacific market, where we now anticipate more moderate revenue growth in fiscal 1998 after increasing 84 percent on a constant dollar basis in fiscal 1997,
More Quotes from Phil Knight:
A few years ago there was a poll in China to name the greatest man ever. The winner was Mao, but there was a tie for second between Zhou Enlai and Michael Jordan of the Chicago Red OxenPhil Knight
They have done great things within what you would call established American sports. Freddy has the potential to bring soccer almost for the first time into the public's consciousness. Soccer in the United States isn't really part of the culture. What it needs, I think, is a superhero, and he clearly could be it. Now, that's putting a lot of pressure on him, but the kid's got all the potential to do that.
Phil Knight
Personally, I think the failure to really kind of get his arms around this company and this industry led to confusion on behalf of the management team. And I didn't see that getting any better.
Phil Knight
The slower growth in revenues and continued pressure on margins will result in negative earnings comparison for at least the next two quarters, with fiscal 1998 earnings per share likely to be in the 2 to 2.15 range,
Phil Knight
I believe that continued strong consumer acceptance of our products at retail and the strengthening of our organization will enable us to manage through the challenges in our U. S. footwear business and lay the foundation for another round of growth,
Phil Knight
The thing that I'm going to focus on today is essentially the cloud that has been over Nike's head over the last couple years,
Phil Knight
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