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But the real good news is that the cost of goods sold increased by just [url=http://www.fal.es/fal.php]Oakley Baratas[/url] 5% and this golden combination of increasing revenues and slower increasing costs have resulted in 12% bump in the gross profit numbers to $2.8B. Unfortunately the general and administrative increased by 14%, so the profit before taxes was only up marginally, by 1%. Fortunately the effective tax rate dropped from 26.8% to 25.1%, and this caused the net profit to increase by 3% in the [url=http://www.staimanmedia.com/ray-ban.php]Fake Ray Bans UK[/url] second quarter to $537M or $0.60/share.
When looking at the entire first semester, things are looking [url=http://www.iberacero.es/iberacero.asp]Gafas Oakley[/url] a bit better as the net income was up 38% to $1.32B or $1.48/share.
As most of my readers know, I always like to look at the cash flow statements as well, as I firmly believe these statements offer a better indication of the quality [url=http://www.staimanmedia.com/ray-ban.php]Cheap Ray Bans UK[/url] of the underlying business. Unfortunately Nike hasn't provided a cash flow statement yet so I'm unable to check if the company was still in track to generate in excess of $2.4B of free cash flow, as it was able to do in financial [url=http://www.masercisa.es/es.asp]Gafas Oakley Baratas[/url]
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