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NIKE DECLARES DIVIDEND; COMMENTS ON EARNINGS ESTIMATE

 BEAVERTON, Ore., Feb. 12 /PRNewswire/ -- NIKE Inc. (NYSE: NKE; PSE) board of directors declared its regular quarterly cash dividend of 20 cents per share on all outstanding Class B and Class A Common Stock, the company said today. The dividend will be paid April 2 to shareholders of record at the close of business March 12. At the same time, the company indicated that it expected to have its sixth consecutive record year in revenue and earnings.
 Because of weakness in key European economies and a strengthening U.S. dollar, NIKE Chairman Philip H. Knight alerted analysts today that attaining analysts' earlier FY '93 earnings estimates of $4.90 to $5.00 now seems less likely, although NIKE International will continue its strong gains in market share.
 Earnings increases are slightly less than recent expectations as a result of well-publicized weaknesses in European economies, particularly France and Germany, and currency charges as a result of a stronger U.S. dollar. NIKE's U.S. operations continue to show strong growth, partially offsetting the moderation in the international sector.
 The outlook for FY '94 (commencing June 1, 1993) is very promising. Futures orders received since NIKE's December report have exceeded expectations, especially in the core categories of basketball, men's cross training, women's and outdoor.
 NIKE Inc., based in Beaverton, is the world's leading designer and marketer of authentic athletic footwear, apparel and accessories for a wide variety of sports and fitness activities. The company also markets a line of high-quality men's and women's dress and casual shoes through its Cole Haan subsidiary based in Yarmouth, Maine. Total revenues for the trailing 12-month period ended Nov. 30, 1992, increased 15 percent to $3.7 billion.
 -0- 2/12/93
 /CONTACT: Analysts: Ron Parham, 503-671-3079, or Press: Liz Dolan, 503-671-3509, both of NIKE/
 (NKE)


CO: NIKE Inc. ST: Oregon IN: TEX SU: DIV ERP

LM-GT -- SE006 -- 6304 02/12/93 16:51 EST
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Publication:PR Newswire
Date:Feb 12, 1993
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