BEAVERTON, Ore., June 29, 2017 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2017 financial results for its fourth quarter and full year ended May 31, 2017. International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year. 1-10635 NIKE, Inc . But not all was well with Nike operationally. Fourth quarter revenues up 5 percent to $8.7 billion; 7 percent growth on a currency-neutral basis*, Fourth quarter diluted earnings per share increased 22 percent to $0.60, Fiscal 2017 revenues up 6 percent to $34.4 billion; 8 percent growth on a currency-neutral basis*, Fiscal 2017 diluted earnings per share increased 16 percent to $2.51, Inventories up 4 percent as of May 31, 2017. Selling and administrative expense increased 1 percent to $10.6 billion. Revenues for Converse were $2.0 billion, up 6 percent, driven by growth in the United States and Europe due to the market transition in Italy. Nike delivers innovative products, experiences and services to inspire athletes. The effective tax rate was 13.7 percent, compared to 21.2 percent for the same period last year, primarily due to an increase in the proportion of earnings from operations outside of the United States, which are generally subject to a lower tax rate. NIKE revenue for the quarter ending August 31, 2020 was, NIKE revenue for the twelve months ending August 31, 2020 was. In depth view into Nike Revenue (TTM) including historical data from 1980, charts, stats and industry comps. Revenues for NIKE, Inc. rose 6 percent to $34.4 billion, up 8 percent on a currency-neutral basis. “NIKE continues to create both near-term wins in today’s dynamic environment and a lasting foundation for future growth,” said Mark Parker, Chairman, President and CEO, NIKE, Inc. “Through our Consumer Direct Offense, we’re putting even more firepower behind our greatest opportunities in Fiscal 2018. (Exact name of Registrant as specified in … Much of this came from an increase in sales made via the internet. Gross margin declined 180 basis points to 44.1 percent as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and higher product costs. View the latest NKE financial statements, income statements and financial ratios. Commission File No. NIKE annual net income for 2018 was $1.933B, a 54.41% decline from 2017. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Fiscal year is June-May. The footwear giant says it reached $2 billion in annual online sales in its most recent fiscal year, or 30% more than the year prior and double the amount of two years ago. As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. View the latest NKE financial statements, income statements and financial ratios. The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com. Inventories for NIKE, Inc. were $5.1 billion, up 4 percent from May 31, 2016, as a 3 percent decrease in NIKE Brand wholesale unit inventories was more than offset by increases in average product cost per unit and growth in our DTC businesses. Please check your download folder. Looking back at the last five years, NIKE's revenue peaked in … Demand creation expense was $3.3 billion, up 2 percent, primarily due to higher sports marketing costs and significant investments around the Olympics and the European Football Championship in the first half of the fiscal year. Nike Inc. Cl B Annual stock financials by MarketWatch. It will be a big year for NIKE innovation and we’ll bring those stories to life through deeper consumer connections in our key cities around the world.”**. Nike Inc. Cl B Annual stock financials by MarketWatch. Please check your download folder. Net income increased 19 percent to $1.0 billion primarily due to global revenue growth, lower selling and administrative expense and a lower tax rate which were slightly offset by a gross margin decline, while diluted earnings per share increased 22 percent to $0.60 reflecting a nearly 3 percent decline in the weighted average diluted common shares outstanding. Selling and administrative expense decreased 4 percent to $2.7 billion. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 37,420: 39,122: 36,363: 34,254: 32,464 Net Revenue of Nike rose to $36.4 billion in 2018 from $34.35 Billion in 2017. View NKE financial statements in full. For the fourth quarter, Nike also reported: Total sales of $8.68 billion, up 5.3% from $8.24 billion in the fourth quarter of the prior year. This change showed in their 2017 results. FOR THE FISCAL YEAR ENDED May 31, 2017 OR ¨ ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . NIKE's operated at median revenue of $36.397 billion from fiscal years ending May 2016 to 2020. Other income, net was $196 million comprised primarily of net foreign currency exchange hedge gains. All values USD Millions. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. But not all was well with Nike operationally. Diluted earnings per share increased 16 percent to $2.51, reflecting growth in net income and the additional benefit of a decline in the weighted average diluted common shares outstanding. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Earnings, revenue, and direct to consumer sales all beat analyst expectations. NKE Revenue first quarter 2021 Y/Y Growth Comment: Nike Inc reported decrease in Revenue in the first quarter by -0.62% to $ 10,594.00 millions, from the same quarter in 2020. Nike revenue breakdown by business segment: 30.8% from Apparel, 65.5% from Footwear and 3.7% from Other. Nike revenue breakdown by geographic segment: 13.4% from Asia Pacific & Latin America, 25.0% from Europe, Middle East & Africa, 17.9% from Greater China, 38.7% from North America and … The effective tax rate was 13.2 percent, compared to 18.7 percent for the same period last year primarily due to a one-time benefit in the first quarter of the fiscal year related to the resolution with the U.S. Internal Revenue Service of a foreign tax credit matter, and a decrease in foreign earnings taxed in the U.S. Net income increased 13 percent to $4.2 billion reflecting strong global revenue growth, selling and administrative expense leverage and a lower tax rate which were slightly offset by a decline in gross margin. Revenues for Converse were $554 million, up 10 percent on a currency-neutral basis, primarily driven by the market transition in Italy and growth in DTC. Nike, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. 1-10635 NIKE, Inc . Nike Revenue from Footwear, Apparel & Equipment 1999-2018 Read the latest statistics on Nike Following table shows the revenue of Nike from footwear, Apparel & Equipment from 1999-2018. ... though the stock is up 4.6 percent in 2017. NIKE annual net income for 2019 was $4.029B, a 108.43% increase from 2018. NIKE revenue for the twelve months ending August 31, 2020 was $37.337B, a 6.26% decline year-over-year. Despite continuing to see growth in sales to wholesale customers, Nike has been ramping up its efforts to sell directly to consumers and cut out the middleman in a bid to reach its target of $50 billion in revenue by 2020. NIKE Brand revenue growth was driven by growth in every geography as well as key categories including Sportswear, Running and the Jordan Brand. Download PDF of FY17 Q4 Combined Schedules. Find out the revenue, expenses and profit or loss over the last fiscal year. Diluted earnings per share for the quarter rose 22 percent to $0.60 driven by global revenue growth, lower selling and administrative expense, a lower tax rate and a lower average share count which were slightly offset by lower gross margin. Cash and short-term investments were $6.2 billion, $722 million higher than last year as growth in net income, proceeds from the issuance of debt in the second quarter of fiscal 2017 and proceeds from employee exercises of stock options were partially offset by share repurchases, dividends, and investments in infrastructure and working capital. As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. Nike Inc. continues its big growth curve on the web. Download PDF of FY17 Q4 Combined Press Release and Schedules Revenue; Consumer Discretionary: Shoes & Related Apparel: $218.818B: $37.403B: Nike, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. The following tables show the financial history of Nike from 1992-2017. The decrease in the first quarter Nike Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 7.18%. In 2017, Nike reported wholesale revenue of $3.1 billion from its Jordan brand alone, up 13% from the prior year, compared to total wholesale Nike … Revenue: $8.68 billion vs. an $8.63 billion estimate, analysts said. Total sales of $34.35 billion, a 6.2% increase compared with $32.34 billion last year. Fiscal year is June-May. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 29, 2017, to review fiscal fourth quarter and full year results. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. As of May 31, 2017, a total of 79.8 million shares had been repurchased under this program for approximately $4.4 billion. During the fourth quarter, NIKE, Inc. repurchased a total of 14.9 million shares for approximately $820 million as part of the four-year, $12 billion program approved by the Board of Directors in November 2015. Demand creation expense was $789 million, down 10 percent, as fiscal 2017 spend was weighted towards the beginning of the year due to significant investments around the Olympics and the European Football Championship. Find the latest Financials data for Nike, Inc. Common Stock (NKE) at Nasdaq.com. Get the detailed quarterly/annual income statement for Nike, Inc. (NKE). Operating overhead expense remained flat at $7.2 billion, as continued investments in DTC were offset by administrative cost efficiencies and lower variable compensation. (In millions, except per share data, Financial ratios and number of shareholders) Nike Financial History from 1992 - 2002 NIKE's revenue for fiscal years ending May 2016 to 2020 averaged $35.929 billion. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 37,420: 39,122: 36,363: 34,254: 32,464 Operating overhead expense decreased 1 percent to $1.9 billion, as continued investments in DTC were offset by administrative cost efficiencies. NIKE Brand sales to wholesale customers increased 5 percent while DTC revenues grew to $9.1 billion, up 18 percent, driven by a 30 percent increase in digital commerce sales, the addition of new stores and 7 percent growth in comparable store sales. 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. Skip Navigation. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.NIKE.com and individuals can follow @NIKE. Digital commerce sales were up 30% on the previous year. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. EBIT was $692 million, about 22% of the total. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Despite the ongoing weakness, Nike’s styles dominated the charts in 2017. Gross margin declined 160 basis points to 44.6 percent as higher average selling prices were more than offset by the negative impact of changes in foreign currency exchange rates and higher product costs. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. Other income, net was $28 million comprised primarily of net foreign currency exchange hedge gains. Its main business includes design, development, worldwide marketing and sales of athletic footwear, apparel, … Not only has Nike seen impressive revenue from its … As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. 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. Net income of $4.24 billion, a 12.8% increase over $3.76 billion. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The following tables show the financial history of Nike from 1992-2017. Nike's revenue in Central and Eastern Europe 2009-2017, by segment Nike's revenue in Japan 2009-2017, by segment Global revenue of Nike from 2016 to 2020, by sales channel Revenues for the NIKE Brand were $8.1 billion, up 7 percent on a currency-neutral basis driven by double-digit growth in Western Europe, Greater China, and the Emerging Markets, and strong growth in Sportswear and Running. ** The marked paragraph contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. 2017 wasn't a bad year for Nike, Inc. on the stock market, where it beat the S&P 500's performance 23% to 19%. Nike financial history 1992-2017. In 2017, Nike reported wholesale revenue of $3.1 billion from its Jordan brand alone, up 13% from the prior year, compared to total wholesale Nike … Its main business includes design, development, worldwide marketing and sales of athletic footwear, apparel, … NIKE net income for the twelve months ending August 31, 2020 was $2.690B, a 37.5% decline year-over-year. Revenues for the NIKE Brand were $32.2 billion, up 8 percent. Nike Inc. was incorporated in 1967 under the laws of the state of Oregon. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. Nike Inc. Cl B balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Net Revenue of Nike rose to $36.4 billion in 2018 from $34.35 Billion in 2017. Nike reported its fourth-quarter earnings after the bell on Thursday, also confirming a deal it's inked with Amazon. Nike has added roughly $6.7 billion to total revenue since 2015, increasing at an average annual rate of 6.5%. Nike's quarterly revenue worldwide from 2017 to 2020; Gross profit margin percentage of Nike worldwide from 2014 to 2020; Nike's revenue in Western Europe 2009-2017, by segment Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Fiscal 2017 diluted earnings per share rose 16 percent to $2.51, reflecting revenue growth of 6 percent, a lower tax rate and a lower average share count which was slightly offset by lower gross margin. (Exact name of Registrant as specified in … Nike's Europe, Middle East & Africa segment posted $2.9 billion in revenue during Q1 FY 2021, comprising about 27% of total revenue. NIKE Brand sales to wholesale customers increased 5 percent while DTC revenues grew to $9.1 billion, up 18 percent, driven by a 30 percent increase in digital commerce sales, the addition of new stores and 7 percent growth in comparable store sales. NIKE, Inc. Reports Fiscal 2018 Second Quarter Results. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. Find out the revenue, expenses and profit or loss over the last fiscal year. NIKE annual net income for 2020 was $2.539B, a 36.98% decline from 2019. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. Commission File No. (In millions, except per share data, Financial ratios and number of shareholders) Nike Financial History from 1992 - 2002 For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, July 6, 2017. Nike reported an increase of 18% on sales made via their DTC channels. NIKE's latest twelve months revenue is $37.337 billion. NIKE annual/quarterly revenue history and growth rate from 2006 to 2020. Air Huarache, Tanjun, Jordan XI Low, and Converse All Star OX Low were some of its successful sneakers. earnings. FOR THE FISCAL YEAR ENDED May 31, 2017 OR ¨ ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . 2017 wasn't a bad year for Nike, Inc. on the stock market, where it beat the S&P 500's performance 23% to 19%. Nike (NKE) reported fiscal Q2 earnings after market close on December 18. Nike Inc. was incorporated in 1967 under the laws of the state of Oregon. All of Nike’s brands generated $34.4 billion in total revenue in the last financial year (running to the end of May 2017), while Adidas reported annual revenue of 19.2 billion euros in the last financial year, which matched the calendar year of 2017 (all charts below are based on these financial years). As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. NIKE's revenue decreased in 2020 (37.403 billion, -4.4%) and increased in 2016 (32.376 billion, +5.8%), 2017 (34.35 billion, +6.1%), 2018 (36.397 billion, +6.0%) and 2019 (39.117 billion, +7.5%). As of Aug. 31, 2017, Nike has repurchased 95 million shares under the program, for $5.3 billion. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q, and 10-K. Download PDF of FY17 Q4 Combined Press Release and Schedules, Download PDF of FY17 Q4 Combined Schedules. A lower average share count this quarter helped the company offset other expenses, Nike … All values USD Millions. Revenues for NIKE, Inc. rose 5 percent to $8.7 billion, up 7 percent on a currency-neutral basis. All of Nike’s brands generated $34.4 billion in total revenue in the last financial year (running to the end of May 2017), while Adidas reported annual revenue of 19.2 billion euros in the last financial year, which matched the calendar year of 2017 (all charts below are based on these financial years). Find the latest Earnings Report Date for Nike, Inc. Common Stock (NKE) at Nasdaq.com. Nike financial history 1992-2017. Get the detailed quarterly/annual income statement for Nike, Inc. (NKE). % decline year-over-year approximately $ 4.4 billion: your image export is now complete $ 2.7 billion, as investments! 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