Nike Q4 Earnings Jump 32% on 9% Sales Gain

Commenting on results, Mark Parker, Nike, Inc. President and CEO said,
“Nike is a growth company, and fiscal 2007 was no exception. We delivered
another record year of revenue, earnings and cash flow. The Nike brand is
extremely strong worldwide, and the Nike subsidiaries continue to increase
their contribution to the performance of the company.”

“Opportunities for growth at Nike have never been greater,” Parker added.
“We have a unique ability to consistently turn consumer insights into
performance products and experiences. That's a big part of what distinguishes
Nike as the global industry leader.”

The Company reported worldwide futures orders for athletic footwear and
apparel, scheduled for delivery from June 2007 through November 2007, totaling
$7.7 billion, 12 percent higher than such orders reported for the same period
last year. Changes in currency exchange rates increased reported orders growth
by 1 percentage point.*

By region, futures orders for the U.S. increased 7%; Europe (which
includes the Middle East and Africa) increased 12%; Asia Pacific grew
19%; and the Americas increased 15%. Changes in currency
exchange rates increased reported futures orders growth in Europe by 1
percentage point; in the Asia Pacific region by 4 percentage points; and in
the Americas region decreased reported futures orders by 1 percentage point.*

For the full fiscal year, U.S. revenues were up 7 percent to $6.1 billion.
Footwear revenues increased 6 percent to $4.1 billion, apparel revenues grew 8
percent to $1.7 billion and equipment revenues increased 8 percent to
$323.8 million. U.S. pre-tax income rose 4 percent to $1.3 billion for the
fiscal year.

Fourth quarter revenues for the European region grew 12 percent to
$1.3 billion from $1.2 billion for the same period last year. Changes in
currency exchange rates increased revenue growth by 9 percentage points.
Footwear revenues increased 13 percent to $757.1 million. Apparel revenues
grew by 10 percent to $436.0 million and equipment revenues increased 19
percent to $98.3 million. Fourth quarter pre-tax income increased 29 percent
to $292.9 million.

Full fiscal year European revenues grew 9 percent to $4.7 billion. Changes
in currency exchange rates increased revenue growth by 6 percentage points.
Footwear revenues were up 6 percent to $2.6 billion, apparel revenues
increased 13 percent to $1.8 billion and equipment revenues grew 14 percent to
$358.1 million. European fiscal year pre-tax income increased 4 percent to
$1.0 billion.

Fourth quarter revenues for the Asia Pacific region grew 7 percent to
$596.9 million compared to $558.6 million a year ago. Changes in currency
exchange rates increased revenue growth by 2 percentage points. Footwear
revenues were up 7 percent to $296.4 million, apparel revenues increased 7
percent to $240.4 million and equipment revenues grew 8 percent to
$60.1 million. Fourth quarter pre-tax income increased 37 percent to
$118.5 million.

For the full fiscal year, Asia Pacific revenues increased 11 percent to
$2.3 billion, compared to $2.1 billion last year. Changes in currency exchange
rates increased revenue growth by 1 percentage point. Footwear revenues were
$1.2 billion, up 11 percent from $1.0 billion last year. Apparel revenues
increased 11 percent to $909.3 million and equipment revenues grew by 11
percent to $214.9 million. Pre-tax income increased 17 percent to
$483.7 million for the fiscal year.

Fourth quarter revenues in the Americas region were relatively flat to the
prior year at $235.0 million. Changes in currency exchange rates did not have
a significant impact on revenue growth. Footwear revenues were up 8 percent to
$169.4 million, apparel revenues decreased 27 percent to $44.7 million and
equipment revenues rose 15 percent to $20.9 million. Pre-tax income was up 20
percent to $38.5 million for the quarter.

Full fiscal year revenues for the Americas region grew 5 percent to
$952.5 million, 1 percentage point of this growth was the result of changes in
currency exchange rates. Footwear revenues increased 7 percent to
$679.6 million, apparel revenues decreased 4 percent to $193.9 million, and
equipment revenues rose 17 percent to $79.0 million. Pre-tax income increased
9 percent for the fiscal year to $187.4 million.

For the fourth quarter, Other business revenues, which include Cole Haan
Holdings Incorporated, Converse Inc., Exeter Brands Group LLC, Hurley
International LLC, NIKE Bauer Hockey Inc., and NIKE Golf, grew 9 percent to
$649.7 million and pre-tax income was up 102 percent to $93.1 million. For the
fiscal year, Other business revenues increased 16 percent to $2.3 billion and
pre-tax income increased 98 percent to $303.7 million.

Prior year fourth quarter and fiscal year pre-tax income included a
one-time $51.9 million charge related to an arbitration ruling involving
Converse and a former South American licensee. In fiscal 2007 the ruling was
settled for less than this amount, which resulted in a $14.2 million benefit
to Other business pre-tax income. Excluding these items, Other business
pre-tax income would have decreased 5 percent for the fourth quarter and
increased 41 percent for the fiscal year.

In the fourth quarter of fiscal 2007 gross margins were comparable to the
prior year at 43.8 percent; selling and administrative expenses were 29.0
percent or revenues versus 30.8 percent last year and the effective tax rate
was 33.5 percent compared to 34.9 percent last year. Fourth quarter net
income included $19.3 million, net of taxes, related to the expensing of stock
options. In addition, the prior year fourth quarter net income included a
one-time $30.8 million charge, net of taxes, related to the Converse
arbitration ruling. Excluding these two items fourth quarter diluted earnings
per share would have increased 29 percent to $0.90 from $0.70 last year.

For the fiscal year, gross margins were 43.9 percent compared to 44.0
percent last year; selling and administrative expenses were 30.8 percent
versus 29.9 percent last year; and the effective tax rate was 32.2 percent
compared to 35.0 percent last year. Net income for the fiscal year included
$96.7 million, net of taxes, related to the expensing of stock options and a
$9.6 million benefit, net of taxes, for settling the Converse arbitration
ruling for less than the amount accrued in fiscal 2006. Excluding these two
items diluted earnings per share for the fiscal year would have increased 15
percent to $3.10 compared to $2.70 last year.

At the end of the fiscal year, global inventories stood at $2.1 billion,
an increase of 2 percent from May 31, 2006. Cash and short-term investments
were $2.8 billion at the end of the fiscal year, compared to $2.3 billion last
year.

                                  NIKE, Inc.
                      CONSOLIDATED FINANCIAL STATEMENTS
                      FOR THE PERIOD ENDED MAY 31, 2007
                     (In millions, except per share data)


                         QUARTER ENDED                 YEAR ENDED
    INCOME
     STATEMENT    05/31/2007  05/31/2006  %Chg   05/31/2007  05/31/2006  %Chg
    Revenues        $4,383.2    $4,005.4    9%   $16,325.9   $14,954.9     9%
    Cost of sales    2,464.2     2,252.0    9%     9,165.4     8,367.9    10%
    Gross margin     1,919.0     1,753.4    9%     7,160.5     6,587.0     9%
                       43.8%       43.8%             43.9%       44.0%

    Selling and
     administrative
     expense         1,272.0     1,232.1    3%     5,028.7     4,477.8    12%
                       29.0%       30.8%             30.8%       29.9%

    Interest
     income, net       (24.2)      (16.3)  48%       (67.2)      (36.8)   83%
    Other (income)
     expense, net       12.4        26.4  -53%        (0.9)        4.4  -120%

    Income before
     income taxes      658.8       511.2   29%     2,199.9     2,141.6     3%

    Income taxes       220.9       178.4   24%       708.4       749.6    -5%
                       33.5%       34.9%             32.2%       35.0%

    Net income        $437.9      $332.8   32%    $1,491.5    $1,392.0     7%

    Diluted EPS        $0.86       $0.64   34%       $2.93       $2.64    11%

    Basic EPS          $0.87       $0.65   34%       $2.96       $2.69    10%

    Weighted Average Common Shares Outstanding:
    Diluted            510.2       522.8             509.9       527.6
    Basic              502.8       514.4             503.8       518.0
    Dividends
     declared         $0.185      $0.155             $0.71       $0.59