PRESS RELEASE DATED JUNE 26, 2003

Exhibit 99

FOR IMMEDIATE RELEASE


MEDIA CONTACT: INVESTOR CONTACT:
Joani Komlos Pamela Catlett
503.671.2013 503.671.4589

NIKE REPORTS FOURTH QUARTER EARNINGS PER SHARE UP 19 PERCENT;
WORLDWIDE FUTURES ORDERS INCREASE 4.4 PERCENT;
FULL YEAR REVENUES EXCEED $10 BILLION

Highlights:

- - Full year earnings per share before accounting change increased
13 percent
- - Fourth quarter earnings were $0.92 per diluted share versus $0.77 a
year ago
- - Revenues for the quarter increased 11 percent to $3.0 billion
- - Company achieved highest gross margin level in history for the
quarter and the full year
- - Worldwide futures orders increased 4.4 percent.

Beaverton, OR (June 26, 2003) -- NIKE, Inc. (NYSE:NKE) today reported
revenues and earnings for the Company's fourth quarter and fiscal year
ended May 31, 2003. Fourth quarter revenues increased 11 percent to
$3.0 billion, versus $2.7 billion for the same period last year.
Fourth quarter net income totaled $246.2 million, or $0.92 per diluted
share, compared to $208.4 million, or $0.77 per diluted share in the
prior year.

For the fiscal year ended May 31, 2003, revenues increased eight
percent to $10.7 billion, compared to $9.9 billion in fiscal year
2002. Full year income before accounting change totaled $740.1
million, or $2.77 per diluted share, versus $668.3 million, or $2.46
per diluted share, in 2002. After a one-time charge from the
cumulative effect of implementing Financial Accounting Standards Board
Statement 142 (Accounting for Goodwill and Other Intangible Assets),
the Company posted net income of $474.0 million, or $1.77 per diluted
share versus $663.3 million in 2002.

Philip H. Knight, Chairman and CEO, said, "Nike's performance during
fiscal year 2003 was one for the record books, a year that positions
the company well for fiscal 2004. We surpassed the $10 billion
revenue mark and delivered record earnings per share despite a
challenging geopolitical and economic environment. This year's
results are a testament to the strong connection that the Nike brand
has with consumers around the world and our ability to drive
profitable growth across our diverse portfolio of businesses. We are
optimistic that the combination of our global brand momentum, superior
product offerings and worldwide operating capability will generate
continued long-term growth." *


Futures Orders

The Company reported worldwide futures orders for athletic footwear
and apparel, scheduled for delivery between June and November 2003,
totaling $4.9 billion, 4.4 percent higher than such orders reported
for the same period last year. Five points of this growth were due to
changes in currency exchange rates.*


By region, the USA was down 10 percent; Europe increased 17 percent;
Asia Pacific grew 20 percent; and the Americas increased 4 percent.
Of the growth in Europe, 13 points were due to currency exchange
rates. Changes in currency exchange rates did not affect the Asia
Pacific growth rate. The Americas had a one point decline due to
currency exchange rates. *

Knight said, "Our international futures orders were up 16%, driven by
great brand momentum around the world in football, running, and
basketball. While our USA futures orders declined, we remain
optimistic about the U.S. market. Our brand presentation at retail is
improving and the USA region delivered its most profitable year in our
history." *


Regional Highlights

USA
During the fourth quarter, U.S. revenues increased two percent to $1.2
billion. U.S. athletic footwear revenues declined three percent to
$797.0 million. Apparel revenues grew 16 percent to $345.7 million.
Equipment revenues increased nine percent to $72.6 million.

For the full fiscal year, USA revenues were flat at $4.7 billion.
Footwear revenues decreased four percent to $3.0 billion; apparel
revenues grew eight percent to $1.4 billion; and equipment revenues
grew three percent to $287.9 million.

Europe
Quarterly revenues for the European region (which includes the Middle
East and Africa) grew 24 percent to $945.3 million. Twenty-two points
of this growth were the result of changes in currency exchange rates.
Footwear revenues increased 30 percent to $603.5 million, apparel
revenues increased 14 percent to $288.0 million and equipment revenues
increased 14 percent to $53.8 million.

For the full year, European revenues grew 20 percent to $3.2 billion,
Compared to $2.7 billion last year. Fifteen points of this growth were
the result of changes in currency exchange rates. Footwear revenues
were up 23 percent to $1.9 billion. Apparel and equipment increased 16
percent and 22 percent respectively to $1.1 billion and $212.6
million.


Asia Pacific
Quarterly revenues in the Asia Pacific region grew 22 percent to
$362.6 million. Ten points of this growth were the result of changes
in currency exchange rates. Footwear revenues were up 23 percent to
$194.7 million; apparel revenues increased 14 percent to $133.0
million and equipment grew 47 percent to $34.9 million.

Full-year Asia Pacific revenues increased 19 percent to $1.4 billion,
compared to $1.1 billion last year. Five points of this growth were
the result of changes in currency exchange rates. Footwear revenues
increased 14 percent to $732.4 million. Apparel revenues were up 24
percent to $499.3 million. Equipment revenues increased 29 percent to
$127.1 million.

Americas
Quarterly revenues in the Americas region increased one percent to
$143.8 million. This growth rate reflected a 10 point decline due to
changes in currency exchange rates. Footwear revenues were up one
percent to $92.2 million, apparel revenues increased four percent to
$39.2 million and equipment declined one percent to $12.4 million.

For the full year, Americas revenues decreased seven percent to $527.0
million, compared to $568.1 million last year. This growth rate
reflected a 15 point decline due to changes in currency exchange
rates. Footwear revenues decreased six percent to $337.3 million,
apparel revenues decreased 11 percent to $148.1 million and equipment
revenues declined one percent to $41.6 million.

Other Revenues
In the fourth quarter, other revenues, which include Nike Golf, Bauer
NIKE Hockey Inc., Cole Haan(registered), and Hurley International LLC,
grew nine percent to $318.1 million. For the full year, other
revenues climbed 12 percent to $911.1 million.

Income Statement Review

In the fourth quarter, gross margins were 41.5 percent compared to
40.3 percent last year. For the full year, gross margins were 41.0
percent of revenues compared to 39.3 percent last year. Selling and
administrative expenses were 27.7 percent of fourth quarter revenues,
compared to 28.5 percent last year. The effective tax rate for the
fourth quarter was 33.8 percent, and for the full year was 34.1
percent.

Balance Sheet Review

At fiscal year-end, global inventories stood at $1.5 billion, an
increase of 10 percent from last year. Cash and short-term
investments were $634.0 million at fiscal year-end, compared to $575.5
million last year.

Share Repurchase

During the quarter, the Company purchased a total of 1,425,000 shares
for approximately $76 million in conjunction with the Company's second
four-year, $1 billion share repurchase program that was approved by
the Board of Directors in June 2000.


NIKE, Inc., based in Beaverton, Oregon, is the world's leading
designer and marketer of authentic athletic footwear, apparel,
equipment and accessories for a wide variety of sports and fitness
activities. Wholly owned Nike subsidiaries include Bauer NIKE Hockey
Inc., the world's leading manufacturer of hockey equipment; Cole
Haan(registered), which markets a line of high-quality men's and
women's footwear, accessories and outerwear; and Hurley International
LLC, which markets action sports and teen lifestyle apparel.

* The marked paragraphs contain forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially. These risks and uncertainties are detailed from
time to time in reports filed by NIKE with the S.E.C., including Forms
8-K, 10-Q, and 10-K. Some forward-looking statements in this release
concern changes in futures orders that are not necessarily indicative
of changes in total revenues for subsequent periods due to the mix of
futures and "at once" orders, which may vary significantly from
quarter to quarter.

NIKE's earnings releases and other financial information are available
on the Internet at www.NikeBiz.com/invest. This quarter, Nikebiz
will feature expanded information and relevant highlights of product
and key initiatives for the reporting period.




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