At present, Nike’s Women’s category consists of about 29% of total Men and Women’s sales. All Rights Reserved, This is a BETA experience. But sales in North America overall still came up short. This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time. ... analysts are calling for Nike to report earnings per share in … • List of NKE Competitors With net margin of 14.33 % company achieved higher profitability than its competitors. ... Top Stocks to Buy in 2020; Stock Market News; ... Nike's earnings per share were higher by 11% from last year's fiscal second quarter. The brand’s percentage contribution to Nike’s top line has come down over the last five years. That is a massive disparity. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Sign up for free newsletters and get more CNBC delivered to your inbox. For the three-month period ended Nov. 30, Nike reported net income of $1.25 billion, or 78 cents per share, up from $1.12 billion, or 70 cents a share, a year earlier. All our contacts across the industry remain bullish on the product cycle into 2021.” The stock continued to perform well into the 1990s. This segment reported an EBIT margin of 24.9% in Q1 of fiscal 2020. The result Nike reported was a loss of 51 cents per share. In another sign of full-priced demand, gross margin widened by almost 1 percentage point, to 43.8%, helped partly by higher average selling prices and growth in Nike’s own direct-to- … Gross profit margin percentage of Nike worldwide from 2014 to 2020 Nike's revenue in Western Europe 2009-2017, by segment Nike's revenue in … Looking to the full year, Nike said it is calling for revenue, on a currency neutral basis, to rise close to a low double-digit rate. The company hopes to build the business to $11 billion by 2020, from $5.7 billion in 2015. In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines. thleisure market has seen strong growth in recent years, and Nike is looking to tap into that demand to drive further growth in its women's apparel sales. Market leader Nike, with 46 percent of the athletic footwear market and a third of the sports apparel sales, far outpaces its competitors with a combined $8.9 billion sales so far this year. Given the heavy competition and the (relatively) sluggish digital sales growth, Nike could take a while to cross the $50 billion mark. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. From 2015 to 2016, the Indian sportswear market grew 22 percent, outpacing the segment's global increase of 7 percent according to Euromonitor. It has been narrowing its base of wholesale partners and focusing on key accounts, such as with Foot Locker, Nordstrom and Dick's Sporting Goods. ET by MarketWatch Automation Under Armour Inc. Cl … As a brand, their global market share is expected to be near 30% by the end of the decade. Nike stock price had increased by 511% in a decade. He will be replaced in 2020 by John Donahoe, a current Nike board member and formerly the CEO of eBay. Gross margins rose 20 basis points to 44%, slightly less than expectations for 44.1%. Seventy-seven percent of NBA players wore Nike or … The percentage of the American athletic footwear market owned by NIKE Inc. - so that includes Nike, Jordan Brand and Converse. Additionally, future orders - which indicate demand - remain relatively soft in comparison to earlier quarters. Nike's total quarterly revenue was $11.24 billion, up 9% from a year earlier. It said online sales surged more than 70% in North America on Black Friday. Most people associate footwear with the Nike brand and rightly so. In total, the global market share for Nike is expected to be over 27% by 2020. The latest closing stock price for NIKE as of December 17, 2020 is 140.50. NIKE annual/quarterly revenue history and growth rate from 2006 to 2020. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. To put things into perspective, Nike took 13 years to add $20 billion in revenues the last time around, in jumping from a $10 billion business to a $3o billion one in 2015. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. Finally, Kernan noted that Nike “appeared to be one of the least promotional among our coverage list for Black Friday/Cyber Monday promotions. Meanwhile, a damning op-ed in The New York Times in November called attention to alleged abuse toward women that took place at Nike's Oregon Project under track coach Alberto Salazar. E-commerce accounts for a large part of Nike’s growth strategy. In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. In total, the global market share for Nike is expected to be over 27% by 2020. By 2020, it is expected to grow an additional 12 percent CAGR (compound annual growth rate) with sales expected to reach $8 billion. The company had a market capitalization of $143.6 billion as of February 2020. … Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Nike’s Air Jordan brand of basketball sneakers generated over $3.14 billion in the fiscal year ending May 2019, up 10% from the previous year. But the retailer's shares fell more than 2% in after-hours trading on the news, having hit an all-time intraday high earlier in the day. Nike's share price was above $129, and its … Nike primarily targets consumers who are between 18-40 years of age. The Swoosh was even more dominant in the lifestyle basketball category, with a 96% share. Parker, meantime, is set to become Nike's executive chairman, having worked at Nike for four decades. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. Started as a small re-seller of an obscure Japanese running shoe (which later became Asics) line in a small shop in Santa Monica, NIKE has grown exponentially over the years into one of the world's most recognizable (and profitable) brands. That is to say that the company hopes to increase its sales by about $20 billion in a span of five years. The company said its Jordan brand had its first ever billion-dollar quarter, thanks to new innovation and a spike in interest in the basketball-focused label, including among women and in markets outside the U.S. NIKE revenue for the twelve months ending August 31, 2020 was $37.337B, a 6.26% decline year-over-year. View Interactive Institutional Research (Powered by Trefis): Global Large Cap | U.S. What do Nike and Adidas have planned for the future? Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. Find the latest Nike, Inc. (NKE) stock quote, history, news and other vital information to help you with your stock trading and investing. ComScore digital trends in October 2020 reflected robust growth, up 20 percent year-over-year above September 2020. NIKE Inc. [NYSE: NKE] loss -0.12% on the last trading session, reaching $137.41 price per share at the time. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. The stock on Thursday hit an all-time intraday high of $101.27. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. Like our charts? Comparing the results to its competitors, Nike Inc reported Total Revenue decrease in the 3 quarter 2020 year on year by -0.62 %, faster than overall decrease of Nike Inc 's competitors by -7.43 %, recorded in the same quarter. The company revealed that it hopes to grow its overall business by concentrating its resources in three main areas: e-commerce, women, and the Jordan brand. Here’s how they’re going to be able to do it. Headquartered in Beaverton, Oregon, Nike has a market capitalization of around $203 billion as of early November 2020. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. Nike also blamed tariffs for higher product prices, which weighed on profitability. Net income rose to $1.12 billion, or 70 cents a share, in the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a year ago. The company had a market capitalization of $143.6 billion as of February 2020. The NIKE 52-week high stock price is 140.74, which is 0.2% above the current share … Just 850+ stores generate over $27 billion of revenues every year. The company has dealt with intense competition in the footwear market, primarily from Adidas and Under Armour, in the last few quarters. They have nearly 4x the amount of footwear sales than their nearest competitor. What’s more, e-commerce sales growth has been declining each quarter in the year so far, which makes achieving the target that much more difficult. Analysts had been calling for 8% growth. Nike in November said it was no longer going to sell clothes and shoes directly to Amazon — an initiative it had been testing since 2017. A Division of NBCUniversal. In the basketball segment specifically, Under Armour has emerged as a major competitor driven by Stephen Curry’s popularity. The company has dealt with intense competition in the footwear market… The company report on November 20, 2020 that NIKE, Inc. Their annual athletic footwear sales total $90 million. abruptly announced that Parker will be stepping down, no longer going to sell clothes and shoes directly. Nike's growth on its home turf in North America came in slightly weaker than expected. The all-time high NIKE stock closing price was 140.50 on December 17, 2020. Nike Inc. Cl B stock outperforms market on strong trading day Dec. 17, 2020 at 8:03 p.m. NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. All Rights Reserved. Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The history of NIKE is a true American success story. Announces 12 Percent Increase in Quarterly Dividend.. Get the hottest stocks to trade every day before the market … However, the fallout has extended even to Nike's own staff. Got a confidential news tip? Nike’s women’s business has been outpacing its men’s business of late, seeing growth in the double-digit territory in recent quarters. They climbed 5.3% during the period, reaching $3.98 billion. Nike continues to see solid revenue and earnings growth, but has been dealing with increased competition from a resurgent Adidas, while also facing pressure from Under Armour in its basketball division in North America. Nike has placed growth in the women’s segment high on its priority list going forward. Nike said last month that it takes "the allegations extremely seriously" and that it was launching "an immediate investigation to hear from former Oregon Project athletes.". Nike’s market share stands at about 27.4% in 2019, ahead of its industry rivals Adidas and ASICS, making Nike the world’s largest company in the global footwear market. adidas's 9% share has been declining every year since 2011. And it said digital sales were up a whopping 38%, thanks to a boost at the start of the holiday shopping season. To really achieve its ambitious target, Nike likely needs to focus on increasing sales abroad, considering the competitive pressures in the domestic market. 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