As a brand, their global market share is expected to be near 30% by the end of the decade. Announces 12 Percent Increase in Quarterly Dividend.. Get the hottest stocks to trade every day before the market … That is a massive disparity. Most people associate footwear with the Nike brand and rightly so. 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- … Nike reported a loss of $790 million, or 51 cents per share, during the period ended May 31, compared with net income of $989 million, or earnings of 62 cents a share, a year ago. The stock on Thursday hit an all-time intraday high of $101.27. Overall, it seems unlikely that Nike will be able to reach its previously stated revenue target, though it could come close. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. They climbed 5.3% during the period, reaching $3.98 billion. 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. Earnings per share: 70 cents vs. 58 cents expected, Revenue: $10.33 billion vs. $10.09 billion expected. NIKE EPS for the twelve months ending August 31, 2020 was $1.69 , a 36.94% decline year-over-year. © 2020 CNBC LLC. The team was previously considered to be the best in the world. • List of NKE Competitors. The company had a market capitalization of $143.6 billion as of February 2020. Vanguard Group owns 109.2 million shares of Nike, representing 7.0% of total shares outstanding, according to the company's 13F filing for the period ending March 31, 2020. Revenue was up about 10% to $10.33 billion from $9.37 billion a year ago, beating expectations for $10.09 billion. Nike has said the Greater China region remains one of its greatest opportunities for growth moving forward, despite the civil unrest in Hong Kong and an ongoing trade war between the U.S. and China. The company report on November 20, 2020 that NIKE, Inc. The percentage of the American athletic footwear market owned by NIKE Inc. - so that includes Nike, Jordan Brand and Converse. The company has dealt with intense competition in the footwear market, primarily from Adidas and Under Armour, in the last few quarters. ... 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. Nike stock price had increased by 511% in a decade. The company hopes to build the business to $11 billion by 2020, from $5.7 billion in 2015. NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. The stock on Thursday hit an all-time intraday high of $101.27. The numbers that Nike is able to bring in are staggering. Nike's direct sales were up 17% during the quarter. Net income rose 11.0% … Headquartered in Beaverton, Oregon, Nike has a market capitalization of around $203 billion as of early November 2020. ; Nike's designers are not afraid of being bold – as evidenced by their “green grass” golf shoes that hit the market in January 2019: 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. Analysts had been calling for 8% growth. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you. Nike's growth on its home turf in North America came in slightly weaker than expected. NIKE revenue for the twelve months ending August 31, 2020 was $37.337B, a 6.26% decline year-over-year. Nike also blamed tariffs for higher product prices, which weighed on profitability. The history of NIKE is a true American success story. 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. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. ET by MarketWatch Automation Under Armour Inc. Cl … The result Nike reported was a loss of 51 cents per share. Parker, meantime, is set to become Nike's executive chairman, having worked at Nike for four decades. • List of NKE Competitors With net margin of 14.33 % company achieved higher profitability than its competitors. NIKE annual/quarterly revenue history and growth rate from 2006 to 2020. Like our charts? NIKE market cap as of December 17, 2020 is $217.17B . Given the heavy competition and the (relatively) sluggish digital sales growth, Nike could take a while to cross the $50 billion mark. The Athleisure 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. 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. 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. 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. In total, the global market share for Nike is expected to be over 27% by 2020. The company had a market capitalization of $143.6 billion as of February 2020. This would imply a compound annual growth rate of 42% from the $1.2 billion in digital sales in 2015, when the target was set. Mid & Small Cap | European Large & Mid Cap. To really achieve its ambitious target, Nike likely needs to focus on increasing sales abroad, considering the competitive pressures in the domestic market. NIKE 2019 annual EPS was $2.49 , a 112.82% increase from 2018. 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. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Opinions expressed by Forbes Contributors are their own. The sneaker market … 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. Nike shares, as of Thursday's market close, are up more than 36% this year. At present, Nike’s Women’s category consists of about 29% of total Men and Women’s sales. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. That said, the company's e-commerce growth has since slowed down, with digital commerce sales growing by just 18% in the most recent quarter. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. Seventy-seven percent of NBA players wore Nike or … The company calls out strength in its Jordan brand. Nike has placed growth in the women’s segment high on its priority list going forward. 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 revealed that it hopes to grow its overall business by concentrating its resources in three main areas: e-commerce, women, and the Jordan brand. 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. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. Nike Inc s' competitors and its Market Share by Total, FOOTWEAR, APPAREL, EQUIPMENT & OTHER segment - CSIMarket You may opt-out by. Sign up for free newsletters and get more CNBC delivered to your inbox. The sneaker market … 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.". EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Crisis Catalyzes Demand For Digital Infrastructure, MoneyStamps Of South America - As Investments, They’re Different – Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, Covid-19 Virus Affect On The Stamp Market. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. Jordan. The company expects to achieve about $7 billion in sales from the channel by 2020. For the first 9 months of fiscal 2017 thus far, Nike has managed to grow its sales in the channel by around 35%, which is well below the previously targeted growth rate. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. Historical daily share price chart and data for NIKE since 1980 adjusted for splits. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. Their annual athletic footwear sales total $90 million. However, the fallout has extended even to Nike's own staff. Nike primarily targets consumers who are between 18-40 years of age. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. Nike in October abruptly announced that Parker will be stepping down in January. 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. The company is valued at roughly $157.9 billion. Nike’s women’s business has been outpacing its men’s business of late, seeing growth in the double-digit territory in recent quarters. The result Nike reported was a loss of 51 cents per share. Analysts were calling for sales of $4 billion. The NIKE 52-week high stock price is 140.74, which is 0.2% above the current share … Nike said it saw strength across all geographies. © 2020 Forbes Media LLC. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. 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. ... analysts are calling for Nike to report earnings per share in … … The brand’s percentage contribution to Nike’s top line has come down over the last five years. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Nike shares, as of Thursday's market close, are up more than 36% this 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. In 2015, Nike boldly announced its plans to cross $50 billion in sales by 2020. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Embed them in your own posts using the Trefis WordPress Plugin. E-commerce accounts for a large part of Nike’s growth strategy. The results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. Smartphone market share worldwide by vendor 2009-2020 ... Interestingly some of the models released in the 1970s are still among Nike’s most popular shoes today. He will be replaced in 2020 by John Donahoe, a current Nike board member and formerly the CEO of eBay. We want to hear from you. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. That is a massive disparity. 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. While Nike is still the industry leader in terms of sales, Adidas is the most profitable, with a gross profit margin close to 52.08%, compared to 44.70% for Nike. This segment reported an EBIT margin of 24.9% in Q1 of fiscal 2020. All Rights Reserved. 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. Parker explained to CNBC at the time that Donahoe will be able to help Nike focus more on digital growth, considering his professional background. With assumptions, or 78 cents per share be over 27 % by the end the. Both companies are in strategic plans that run until 2020 roughly $ 157.9 billion whopping 38,. 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