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.
More Quotes from Philip Knight:
Nike's business is healthy in every area except one, ... We are enjoying strong results in all of our international regions, and in U. S. apparel and equipment however, our U. S. footwear business continues to pose challenges.Philip Knight
Succession at any company is challenging, and unfortunately the expectations that Bill and I and others had when he joined the company a year ago didn't play out as we had hoped. I want to personally thank Bill for his dedication and commitment over the past year.
Philip Knight
We wanted Nike to be the world's best sports and fitness company. Once you say that, you have a focus. You don't end up making wing tips or sponsoring the next Rolling Stones world tour.
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
There is an immutable conflict at work in life and in business, a constant battle between peace and chaos. Neither can be mastered, but both can be influenced. How you go about that is the key to success.
Philip Knight
Our results for fiscal 2000 reflect a year in which we generated positive revenue and earnings growth in a challenging market. While the strength of the U.S. dollar to the euro continued to pressure our international results, we experienced solid growth in every region outside the U.S.
Philip Knight
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