We endured many significant challenges in the second quarter, in particular, a soft U. S. retail market for athletic footwear and apparel. Despite these challenges, we met our bottom line expectations as we began to see an impact from our efforts to control expenses in a weak retail environment.
More Quotes from Philip Knight:
The distance between the companies that Bill managed in the package goods business and Nike and the new athletic equipment business was too great for him to make that leap.Philip Knight
Our results were helped by lower-than-expected spending in the first quarter, ... While we expect that spending will reach more normal levels beginning in the second quarter of this year, we remain focused on effectively managing our cost structure going forward, as evidenced by the actions we announced today regarding our Asia-Pacific operations.
Philip Knight
We continue to show strong growth in profitability despite significant pressure caused by the strength of the U.S. dollar against the euro, ... Our international business is robust, showing constant dollar revenue growth in every region outside the U.S.
Philip Knight
My job is to listen to ideas, maybe cook up a few of my own, and make decisions based on what's good for the shareholders and for the company.
Philip Knight
The trouble in America is not that we are making too many mistakes, but that we are making too few.
Philip Knight
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