Athletic footwear and apparel giant Nike Inc is forecasting increased earnings for fiscal year ending May 2002 in its form 10-Q filed on Monday, but has not said by how much.

Nike is also unclear on how the September 11 attacks will affect business. It reported a drop in retail sales in the period following the atrocities, but says business has recovered "somewhat" in spite of the fact that requests for order cancellations have increased.

Contingency plans are being put in place to cover eventualities, focusing on inventory and cost management to reduce impact on earnings.

In the previous fiscal year, the company posted net income of $2.16 a
share on revenue of $9.5 billion. A First Call/Thomson Financial survey of 12 analysts produced a mean earnings estimate of $2.38 a share for the current fiscal year.


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