Nike Inc. "Nike Announces Senior Leadership Changes to Unlock Future Growth Through the Consumer Direct Acceleration." Accessed Oct. 25, 2020. Find out the revenue, expenses and profit or loss over the last fiscal year. It shows whether Nike discloses its data about the diversity of its board of directors, C-Suite, general management, and employees overall, as is marked with a ✔. Nike Inc. "Form 10-Q for the quarterly period ended August 31, 2020," Page 19. Boys Shoes Big Kids (3.5Y - 7Y) Little Kids (10.5C - 3Y) Baby & Toddler (0C - 10C) Lifestyle Running Basketball All Shoes Boys Clothing Big Kids (XS - XL) Little Kids (4 - 7) Baby & Toddler (0M - 4T) Hoodies & Sweatshirts Pants & Tights Jackets Tops & T-Shirts Nike Pro & Baselayer Shorts All Clothing It also shows whether Nike breaks down those reports to reveal the diversity of itself by race, gender, ability, veteran status, and LGBTQ+ identity. Yet business is booming for the Nike brand built around the six-time NBA champion with the Chicago Bulls. Nike lost $790 million, or 51 cents a share, in the fourth quarter, contrasting with earnings of $989 million, or 62 cents a share, in the year-ago quarter. December 21, 2017 – NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2018 second quarter ended November 30, 2017. Complete Nike Company Analysis including annual revenue, largest shoe markets, stock value, shoe pairs sold annually, and Converse sales data Nike's average costs for a $100 shoe; Per Shoe: Cost : Income Statement: Percent of Revenue: $25.00: Factory FOB Cost : $1.00: Sea Freight and Insurance : $2.50 Despite its fame, Nike depends on the U.S for substantial sales and growth. June 28, 2018 – BEAVERTON, Ore., June 28, 2018 - NIKE, Inc. (NYSE:NKE) today reported financial results for its The NIKE Brand also is further broken down into geographical segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; and Global Brand Divisions. We examined the data Nike releases to show you how it reports the diversity of its board and workforce to help readers make educated purchasing and investing decisions. Nike is the larger business overall and the market leader in the global sports footwear industry with revenues from their footwear of over $24.2 billion in 2018, compared to Adidas footwear … Nike is organized as a sole proprietorship where I, am responsible for the daily management, sales, and development of the company. The majority of Nike's products are manufactured by independent contractors, and are sold either direct-to-consumers through Nike retail outlets and digital platforms, or through independent distributors, licensees, and sales representatives., Nike, which is based in Oregon, has a large number of major global rivals, including Adidas AG (ADDYY), ASICS Corp. (7936), Lululemon Athletica Inc. (LULU), Puma SE (PUMSY), and Under Armour Inc. (UAA)., Nike posted net income of $1.5 billion on $10.6 billion of revenue during Q1 of its 2021 fiscal year (FY), ended August 31, 2020. We also reference original research from other reputable publishers where appropriate. The segment's revenue fell 1.6% while EBIT rose 18.4% compared to the year-ago quarter., Nike's Europe, Middle East & Africa segment posted $2.9 billion in revenue during Q1 FY 2021, comprising about 27% of total revenue. Nike's business continues to be adversely impacted by the COVID-19 pandemic. June 27, 2019 – BEAVERTON, Ore., June 27, 2019 - NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2019 fourth quarter and full year ended May 31, 2019. December 18, 2020 – BEAVERTON, Ore., Dec. 18, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial The share of revenue generated by each of Nike's product lines, for example, is: Footwear (68.7%); Apparel (27.3%); Equipment (3.6%); and Other. Their most prominent innovation in the shoe business has got to be the development of air cushioning, external heel counter, shock absorption, and the fit frame technology. Nike's Fiscal Q2 Set for 'Potential Upside Surprise,' And 'More Promising Revenue' After Pandemic, Morgan Stanley Says MT Newswires 12/08 10:01 ET Nike Stock Is Near All-Time Highs. Revenue fell by 0.6% compared to the year-ago quarter. Lower selling and administrative expenses offset the decline in gross margin and revenue, helping to boost net income., Nike noted that it continues to experience declines in physical retail traffic in its stores due to the impacts of COVID-19 and safety-related measures. The deal proved a smash hit for Nike, with Jordan quickly rising to super stardom and his shoe line, Air Jordans, hitting the market to make over $100 million in revenue by the end of 1985. Accessed Oct. 25, 2020. Accessed Feb. 29, 2020. How Nike Reports Diversity & Inclusiveness, Europe, Middle East, and Africa (EMEA) Definition. The like-for-like sales number indicates the growth or decline in revenue of products or stores with similar characteristics and historical sales periods of operation. https://www.statista.com/statistics/241683/nikes-sales-worldwide-since-2004 It reported $168 million in EBIT, about 5% of the total. Although primarily designed for athletic use, many of its products are worn for casual or leisure activities. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. Nike posted net income of $1.5 billion on $10.6 billion of revenue during Q1 of its 2021 fiscal year (FY), ended August 31, 2020. Accessed Feb. 29, 2020. The Intralinks Deal Flow Predictor (DFP) is a leading indicator of merger and acquisition (M&A) announcements. Direct to Consumer was the only distribution channel that grew in Q1 FY 2021, rising 12.0% compared to the same quarter a year ago., Nike announced in late July a series of senior leadership changes as part of its Consumer Direct Acceleration (CDA) program. Nike has great growth momentum and started fiscal 2020 on a strong note. Net income rose 11.0% in … Accessed Oct. 25, 2020. Nike Inc. "Form 10-K for the fiscal year ended May 31, 2019," Page 69. Nike Inc. "Form 10-Q for the quarterly period ended August 31, 2020," Page 1. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. Despite Covid-19 seeing global business struggle, Nike’s Air Jordan brand has arguably had its best year ever in terms of revenue, auctions and its sneakers’ exposure. Nike is a sound stock based on its steady stock performance and growth in earnings per share, revenue and net income, strong balance sheet, and management approach. June 29, 2017 – International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year. EBIT was $692 million, about 22% of the total. Revenue for the Nike brand was $9.61 billion, up 5.1% from $9.15 billion a year ago, which Nike says was driven by double-digit growth in Nike direct and growth in wholesale. Nike’s first-quarter earnings beat Wall Street’s revenues expectations. It just goes to prove Michael Jordan is absolutely bulletproof. The email, viewed by Complex, comes after Nike posted a net loss of $790 million in its latest quarterly earnings report on the same day. These include white papers, government data, original reporting, and interviews with industry experts. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. June 28, 2018 – Insights from the fiscal 2018 fourth quarter results. Nike Inc. (NKE) is a global company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories, and services. Accessed Feb. 29, 2020. Accessed Aug. 24, 2020. December 19, 2019 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. Predictably, other prominent international promotional opportunities are also drying up. 5-year and 10-year growth rates are calculated with least-square regression based on the 6-year and 11-year annual numbers. NIKE Direct) (36.1%); and a negligible amount from the rest. improve the awareness of the importance of diversity in companies, Form 10-K for the fiscal year ended May 31, 2019, Form 10-Q for the quarterly period ended August 31, 2020, NIKE, INC. REPORTS FISCAL 2021 FIRST QUARTER RESULTS, Form 10-K for the fiscal year ended May 31, 2020, Nike Announces Senior Leadership Changes to Unlock Future Growth Through the Consumer Direct Acceleration. NIKE is one of the world’s largest supplier of athletic shoes and apparels and a major manufacturer of sports equipment, with revenues in excess of US$30 billion in its fiscal year 2015 (ending May 31, 2015). Only Footwear generated higher revenue in Q1 FY 2021 compared to the year-ago quarter.. Revenue and EBIT were up 6.0% and 2.8%, respectively, compared to the same three-month period a year ago., Nike's Asia Pacific & Latin America segment posted $1.1 billion in revenue during Q1 FY 2021, about 10% of total revenue. A negligible amount is attributable to Other, which includes revenue from licensing businesses of the Global Brand Divisions and Converse segments, and to foreign currency hedge gains and losses accounted for in the Corporate segment. September 25, 2018 – BEAVERTON, Ore., Sept. 25, 2018 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2019 financial results for its first quarter ended August 31, 2018. fiscal 2018 fourth quarter and full year ended May 31, 2018. Nike Inc. Cl B Annual stock financials by MarketWatch. Revenue and EBIT for the quarter rose 4.9% and 13.6%, respectively., Nike's Greater China segment posted $1.8 billion in revenue in Q1 FY 2021, nearly 17% of total revenue. Nike said revenues from its direct-to-consumer division amounted to $11.8 billion in fiscal 2019, fueled by a 35% jump in online sales and same-store sales growth of 6%. March 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. September 26, 2017 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2018 financial results for its first quarter ended August 31, 2017. Nike’s $40 billion in revenue over the last 12 months was 60% more than Adidas’ and 43 times what it was before it added Jordan. Get the detailed quarterly/annual income statement for Nike, Inc. (NKE). The NIKE Brand segment comprises 94.6% of the company's total revenue and 94.6% of the company's total EBIT., Nike also breaks out revenue, but not profits, for its major product lines and distribution channels. results for its second quarter ended November 30, 2020. NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results. March 21, 2019 – BEAVERTON, Ore., March 21, 2019 – NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2019 third quarter ended February 28, 2019. June 25, 2020 – BEAVERTON, Ore., June 25, 2020 - NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020. EBIT was $688 million, comprising about 22% of the total. Accessed Oct. 25, 2020. Nike is battling the effects of COVID-19 on a number of fronts. September 22, 2020 – BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. The company expects the leadership changes to result in a net loss of jobs across the company, which will result in pre-tax one-time employee termination costs of somewhere between $200 million to $250 million.. You can learn more about the standards we follow in producing accurate, unbiased content in our. What Does the Like-for-Like Sales Number Show? earnings. The segment posted a $853 million loss before interest and taxes as revenue fell 33.3%., Nike's Converse segment is engaged in the design, distribution, licensing and sale of casual sneakers, apparel and accessories under the following trademarks: Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell. The segment posted $563 million in revenue during Q1 FY 2021, comprising about 5% of the total. The history of NIKE is a true American success story. Investopedia uses cookies to provide you with a great user experience. The brand is currently valued at $29.6Bn, and their steady stream of income sees them making more than $25Bn in revenue every year. Their shoes are comfortable and sturdy at the same time with expertise in kee… Finally, we share the revenues, the profits, and the profit margins of NIKE for 2015. EBIT came in at $1.3 billion, comprising almost 42% of the total. Reebok, which Adidas bought in 2005, posted lower revenue … The company is losing valuable marketing and promotional opportunities in its biggest market, the U.S., as major sporting cycles like the NBA season are suspended. … The offers that appear in this table are from partnerships from which Investopedia receives compensation. Nike reports both revenue and EBIT, its primary measure for evaluating operating performance, for its geographic business segments. The data reported in the pie charts above and in the breakdowns below exclude segments with negative revenue or negative profits. The company will start with two months of inventory on hand for shoes and accessories, as this is the main revenue generator. Nike Inc. "NIKE, INC. REPORTS FISCAL 2021 FIRST QUARTER RESULTS," Page 1. Nike Inc. "Form 10-K for the fiscal year ended May 31, 2020," page 62. Nike Inc. "Form 10-K for the fiscal year ended May 31, 2019," Page 73. Then, we discuss key elements of NIKE business model. 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