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. The company is valued at roughly $157.9 billion. 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 … NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-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 shares, as of Thursday's market close, are up more than 36% this year. That is a massive disparity. 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. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. The latest closing stock price for NIKE as of December 17, 2020 is 140.50. The sneaker market … NIKE 2020 annual EPS was $1.6 , a 35.74% decline from 2019. 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. 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. 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. The result Nike reported was a loss of 51 cents per share. Revenue was up about 10% to $10.33 billion from $9.37 billion a year ago, beating expectations for $10.09 billion. By 2020, it is expected to grow an additional 12 percent CAGR (compound annual growth rate) with sales expected to reach $8 billion. Historical daily share price chart and data for NIKE since 1980 adjusted for splits. Nike also blamed tariffs for higher product prices, which weighed on profitability. Parker told analysts on Thursday that "this has been a thoughtful transition that has been planned for many months.". Seventy-seven percent of NBA players wore Nike or … Nike's growth on its home turf in North America came in slightly weaker than expected. 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 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 all-time high NIKE stock closing price was 140.50 on December 17, 2020. • List of NKE Competitors With net margin of 14.33 % company achieved higher profitability than its competitors. That is a massive disparity. Nike and Adidas are both looking to grow revenue and earnings over the coming years, with Nike geared more toward high-growth China, while Adidas is looking to bolster market share in North America. 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. Nike has placed growth in the women’s segment high on its priority list going forward. The company has emphasized creating apparel specifically for women, and now operates several “women’s only” Nike stores. 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. 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. All Rights Reserved. All Rights Reserved, This is a BETA experience. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. He will be replaced in 2020 by John Donahoe, a current Nike board member and formerly the CEO of eBay. The company calls out strength in its Jordan brand. 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. Like our charts? 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… The company had a market capitalization of $143.6 billion as of February 2020. Analysts were calling for sales of $4 billion. Finally, Kernan noted that Nike “appeared to be one of the least promotional among our coverage list for Black Friday/Cyber Monday promotions. 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 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. 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… Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Additionally, future orders - which indicate demand - remain relatively soft in comparison to earlier quarters. Sign up for free newsletters and get more CNBC delivered to your inbox. Here's how Nike performed during the latest quarter compared with what analysts were expecting, based on Refinitiv data: "I've never been more optimistic about the future of this company," CEO Mark Parker said. The stock on Thursday hit an all-time intraday high of $101.27. In total, the global market share for Nike is expected to be over 27% 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. Nike stock price had increased by 511% in a decade. In the basketball segment specifically, Under Armour has emerged as a major competitor driven by Stephen Curry’s popularity. 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. adidas's 9% share has been declining every year since 2011. A Division of NBCUniversal. Nike's quarterly earnings and sales top analysts' estimates. The company has dealt with intense competition in the footwear market, primarily from Adidas and Under Armour, in the last few quarters. Nike said it saw strength across all geographies. The stock market held up well in a busy session. Get this delivered to your inbox, and more info about our products and services. We want to hear from you. • List of NKE Competitors. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. NIKE annual/quarterly revenue history and growth rate from 2006 to 2020. In comparison, Adidas moves just $25 million of footwear sales annually. What do Nike and Adidas have planned for the future? © 2020 Forbes Media LLC. It said online sales surged more than 70% in North America on Black Friday. Just 850+ stores generate over $27 billion of revenues every year. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. The history of NIKE is a true American success story. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. 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.". Net income rose 11.0% … Gross margins rose 20 basis points to 44%, slightly less than expectations for 44.1%. ComScore digital trends in October 2020 reflected robust growth, up 20 percent year-over-year above September 2020. But sales in North America overall still came up short. All our contacts across the industry remain bullish on the product cycle into 2021.” The Swoosh was even more dominant in the lifestyle basketball category, with a 96% share. They have nearly 4x the amount of footwear sales than their nearest competitor. Data is a real-time snapshot *Data is delayed at least 15 minutes. Parker, meantime, is set to become Nike's executive chairman, having worked at Nike for four decades. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. Headquartered in Beaverton, Oregon, Nike has a market capitalization of around $203 billion as of early November 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. Nike posted net income of $1.5 billion on $10.6 billion of revenue during Q1 of its 2021 fiscal year , ended August 31, 2020. 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. Announces 12 Percent Increase in Quarterly Dividend.. Get the hottest stocks to trade every day before the market … The company had a market capitalization of $143.6 billion as of February 2020. 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. 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. NIKE Inc. [NYSE: NKE] loss -0.12% on the last trading session, reaching $137.41 price per share at the time. 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. 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, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. 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 … 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 Inc. Cl B stock outperforms market on strong trading day Dec. 17, 2020 at 8:03 p.m. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. The company expects to achieve about $7 billion in sales from the channel by 2020. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. Earnings per share: 70 cents vs. 58 cents expected, Revenue: $10.33 billion vs. $10.09 billion expected. Their annual athletic footwear sales total $90 million. Nike Inc s' competitors and its Market Share by Total, FOOTWEAR, APPAREL, EQUIPMENT & OTHER segment - CSIMarket Nike in October abruptly announced that Parker will be stepping down in January. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. The stock on Thursday hit an all-time intraday high of $101.27. ; 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 ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Nike primarily targets consumers who are between 18-40 years of age. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. The numbers that Nike is able to bring in are staggering. 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. 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. Parker explained to CNBC at the time that Donahoe will be able to help Nike focus more on digital growth, considering his professional background. They climbed 5.3% during the period, reaching $3.98 billion. The history of NIKE is a true American success story. 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. This segment reported an EBIT margin of 24.9% in Q1 of fiscal 2020. And it said digital sales were up a whopping 38%, thanks to a boost at the start of the holiday shopping season. That is to say that the company hopes to increase its sales by about $20 billion in a span of five years. From 2015 to 2016, the Indian sportswear market grew 22 percent, outpacing the segment's global increase of 7 percent according to Euromonitor. NIKE market cap history and chart from 2006 to 2020. Nike shares, as of Thursday's market close, are up more than 36% this year. Given the heavy competition and the (relatively) sluggish digital sales growth, Nike could take a while to cross the $50 billion mark. The company report on November 20, 2020 that NIKE, Inc. You may opt-out by. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This has put some pressure on Nike’s revenue growth over the last few quarters. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. ... analysts are calling for Nike to report earnings per share in … The NIKE 52-week high stock price is 140.74, which is 0.2% above the current share … In total, the global market share for Nike is expected to be over 27% by 2020. 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. Gross margins rose 20 basis points to 44%, slightly less than expectations for 44.1%. 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. Opinions expressed by Forbes Contributors are their own. 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 ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. 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 also blamed tariffs for higher product prices, which weighed on profitability. 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. 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. The team was previously considered to be the best in the world. 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. 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. The result Nike reported was a loss of 51 cents per share. Stock continued to perform well into the 1990s `` this has put some pressure on nike s! 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