Nike, one of the leading sportswear manufacturers in the world, is the key player within the footwear market in the United States. NIKE revenue for the twelve months ending August 31, 2020 was $37.337B, a 6.26% decline year-over-year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Revenue was up about 10% to $10.33 billion from $9.37 billion a year ago, beating expectations for $10.09 billion. The company is valued at roughly $157.9 billion. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. Published by Tugba Sabanoglu, Nov 27, 2020 Nike, one of the leading sportswear manufacturers in the world, is the key player within the footwear market in the United States. However, the fallout has extended even to Nike's own staff. 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. The company calls out strength in its Jordan brand. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. In total, the global market share for Nike is expected to be over 27% by 2020. Finally, Kernan noted that Nike “appeared to be one of the least promotional among our coverage list for Black Friday/Cyber Monday promotions. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. Opinions expressed by Forbes Contributors are their own. Nike's quarterly earnings and sales top analysts' estimates. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. So from the get-go, this target seems a little ambitious. 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 … 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. 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. Analysts were calling for sales of $4 billion. Nike shares, as of Thursday's market close, are up more than 36% this year. Nike's total quarterly revenue was $11.24 billion, up 9% from a year earlier. The company had a market capitalization of $143.6 billion as of February 2020. Nike's total quarterly revenue was $11.24 billion, up 9% from a year earlier. Nike's share price was above $129, and its … Sign up for free newsletters and get more CNBC delivered to your inbox. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. The results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. Nike’s women’s business has been outpacing its men’s business of late, seeing growth in the double-digit territory in recent quarters. That was better than the 58 cents analysts were expecting, based on Refinitiv data. 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 touch, read, or hear about everyday, impact its stock price. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. 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. As high as that may seem, the company was on course through fiscal 2016, largely because Nike began offering its e-commerce capabilities in new markets. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. From 2015 to 2016, the Indian sportswear market grew 22 percent, outpacing the segment's global increase of 7 percent according to Euromonitor. Here’s how they’re going to be able to do it. 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 Curry series of basketball shoes has been selling much better than most of Nike's counterparts in recent quarters - and this led Nike to release cheaper variants of its KD and LeBron shoes in an effort to regain some of the lost market share, even though the move dented margins. © 2020 Forbes Media LLC. 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. ET by MarketWatch Automation Under Armour Inc. Cl … The company is valued at roughly $157.9 billion. … In total, the global market share for Nike is expected to be over 27% by 2020. NIKE 2020 annual EPS was $1.6 , a 35.74% decline from 2019. 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. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. Given the heavy competition and the (relatively) sluggish digital sales growth, Nike could take a while to cross the $50 billion mark. A Division of NBCUniversal. • List of NKE Competitors. As a brand, their global market share is expected to be near 30% by the end of the decade. 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. We want to hear from you. abruptly announced that Parker will be stepping down, no longer going to sell clothes and shoes directly. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. The all-time high NIKE stock closing price was 140.50 on December 17, 2020. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Headquartered in Beaverton, Oregon, Nike has a market capitalization of around $203 billion as of early November 2020. The company had a market capitalization of $143.6 billion as of February 2020. NIKE market cap history and chart from 2006 to 2020. The stock continued to perform well into the 1990s. The company expects to achieve about $7 billion in sales from the channel by 2020. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. The history of NIKE is a true American success story. Data is a real-time snapshot *Data is delayed at least 15 minutes. And it said digital sales were up a whopping 38%, thanks to a boost at the start of the holiday shopping season. Additionally, future orders - which indicate demand - remain relatively soft in comparison to earlier quarters. This segment reported an EBIT margin of 24.9% in Q1 of fiscal 2020. You may opt-out by. 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. Both companies are in strategic plans that run until 2020. But sales growth in North America comes in slightly weaker than expected. Mid & Small Cap | European Large & Mid Cap. Gross margins rose 20 basis points to 44%, slightly less than expectations for 44.1%. It said online sales surged more than 70% in North America on Black Friday. Like our charts? The Swoosh was even more dominant in the lifestyle basketball category, with a 96% share. He will be replaced in 2020 by John Donahoe, a current Nike board member and formerly the CEO of eBay. The percentage of the American athletic footwear market owned by NIKE Inc. - so that includes Nike, Jordan Brand and Converse. Nike also blamed tariffs for higher product prices, which weighed on profitability. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Nike Inc. Cl B stock outperforms market on strong trading day Dec. 17, 2020 at 8:03 p.m. The numbers that Nike is able to bring in are staggering. When PYMNTS last measured Amazon’s take of the total eCommerce business it found that it touched just north of 50 percent for Q1 2020 in eCommerce market share (51.2 percent… 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. • List of NKE Competitors With net margin of 14.33 % company achieved higher profitability than its competitors. 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. Most people associate footwear with the Nike brand and rightly so. The team was previously considered to be the best in the world. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. 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. ... 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 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. What do Nike and Adidas have planned for the future? The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Got a confidential news tip? When PYMNTS last measured Amazon’s take of the total eCommerce business it found that it touched just north of 50 percent for Q1 2020 in eCommerce market share (51.2 percent… Nike said footwear sales in North America, excluding any impacts from currency changes, were up 8% during the latest period, while apparel sales rose 1% and equipment sales were up 6%. 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. The stock on Thursday hit an all-time intraday high of $101.27. Nike on Thursday reported quarterly earnings and sales that beat analysts' expectations, as more customers flocked to its stores for limited-edition Jordan sneakers and ordered athletic apparel from its website. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. 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. Embed them in your own posts using the Trefis WordPress Plugin. View Interactive Institutional Research (Powered by Trefis): Global Large Cap | U.S. 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. But sales in North America overall still came up short. Analysts had been calling for 8% growth. ComScore digital trends in October 2020 reflected robust growth, up 20 percent year-over-year above September 2020. The results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. By 2020, it is expected to grow an additional 12 percent CAGR (compound annual growth rate) with sales expected to reach $8 billion. ... analysts are calling for Nike to report earnings per share in … NIKE market cap as of December 17, 2020 is $217.17B . Get this delivered to your inbox, and more info about our products and services. 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. In the basketball segment specifically, Under Armour has emerged as a major competitor driven by Stephen Curry’s popularity. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 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. The brand’s percentage contribution to Nike’s top line has come down over the last five years. Since the announcement in 2015, the company added e-commerce offerings in Canada, Switzerland, Norway, Chile, Turkey and Mexico. The company has dealt with intense competition in the footwear market, primarily from Adidas and Under Armour, in the last few quarters. The company has emphasized creating apparel specifically for women, and now operates several “women’s only” Nike stores. Overall, it seems unlikely that Nike will be able to reach its previously stated revenue target, though it could come close. Nike stock price had increased by 511% in a decade. 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. Nike's growth on its home turf in North America came in slightly weaker than expected. Nike shares, as of Thursday's market close, are up more than 36% this year. That is a massive disparity. Net income rose 11.0% … Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. Nike has been investing more recently in boosting its online operations, which include its mobile apps, such as SNKRS, and driving sales at Nike stores. Earnings per share: 70 cents vs. 58 cents expected, Revenue: $10.33 billion vs. $10.09 billion expected. 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.". All our contacts across the industry remain bullish on the product cycle into 2021.” © 2020 CNBC LLC. Nike also blamed tariffs for higher product prices, which weighed on profitability. E-commerce accounts for a large part of Nike’s growth strategy. The sneaker market … 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- … Hundreds of Nike employees marched in protest of the company's treatment of women at its headquarters earlier this month. 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. Parker explained to CNBC at the time that Donahoe will be able to help Nike focus more on digital growth, considering his professional background. 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. At present, Nike’s Women’s category consists of about 29% of total Men and Women’s sales. The company report on November 20, 2020 that NIKE, Inc. 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. 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. Parker, meantime, is set to become Nike's executive chairman, having worked at Nike for four decades. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. 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. 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. Seventy-seven percent of NBA players wore Nike or … NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. The firm said the global activewear market is expected to be worth more than $350 billion this year, with a projected compound annual growth rate of nearly 4 percent between 2020 … Nike said it saw strength across all geographies. 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 -7.76 %, recorded in the same quarter. 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. In 2015, Nike boldly announced its plans to cross $50 billion in sales by 2020. To really achieve its ambitious target, Nike likely needs to focus on increasing sales abroad, considering the competitive pressures in the domestic market. ; 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 in November said it was no longer going to sell clothes and shoes directly to Amazon — an initiative it had been testing since 2017. NIKE Inc. [NYSE: NKE] loss -0.12% on the last trading session, reaching $137.41 price per share at the time. adidas's 9% share has been declining every year since 2011. 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 … The latest closing stock price for NIKE as of December 17, 2020 is 140.50. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Total sales in Greater China, excluding currency impact, grew 23% to $1.85 billion, topping estimates for $1.80 billion. Under Armour has been stealing market share in apparel sales for months from its older German rival and even from Nike, according to Sterne Agee. The NIKE 52-week high stock price is 140.74, which is 0.2% above the current share … 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. That is to say that the company hopes to increase its sales by about $20 billion in a span of five years. The history of NIKE is a true American success story. Nike has placed growth in the women’s segment high on its priority list going forward. 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. Vs. $ 10.09 billion growth over the last few quarters year-over-year above September 2020,. The brand ’ s growth strategy four decades sales were up 17 during... Driven by Stephen Curry ’ s category consists of about 29 % of total and! 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