Founded in January 1964, Nike has become the world’s leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
Nike’s revenue worldwide from the fiscal years of 2005 to 2022 (in million U.S. dollars)
| Characteristic | Revenue in million U.S. dollars |
|---|---|
| 2020 | 37,403 |
| 2019 | 39,117 |
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What were NIKE’s sales in 2020?
NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019.
What has NIKE accomplished in the past year?
Full year reported revenues increased 19 percent to $44.5 billion. NIKE Direct fourth quarter sales increased 73 percent to $4.5 billion. Gross margin for the fourth quarter increased 850 basis points to 45.8 percent. Diluted earnings per share for the fourth quarter was $0.93 and for the full year was $3.56.
What was NIKE’s net income in 2020?
$2.539B
NIKE annual net income for 2020 was $2.539B, a 36.98% decline from 2019.
Did NIKE make a profit in 2021?
This graph presents Nike’s net income worldwide from 2005 to 2022. In 2022, Nike’s global net income amounted to just over six billion U.S. dollars.
Nike’s net income worldwide from the fiscal years of 2005 to 2022 (in million U.S. dollars)
| Year | Million U.S. dollars |
|---|---|
| 2021 | 5,727 |
| 2020 | 2,539 |
| 2019 | 4,029 |
| 2018 | 1,933 |
Why has Nike lost money 2020?
For the Nike brand, footwear sales fell 35%, apparel was down 42% and equipment revenue tumbled 53%, as sports and many recreational activities have largely been put on hold due to the Covid-19 crisis.
Did Nike make a profit in 2020?
NIKE annual gross profit for 2020 was $16.241B, a 7.06% decline from 2019.
What has Nike achieved?
Today Nike is the world’s leading innovator in athletic footwear, apparel, equipment and accessories. Along the way, Nike helped the world’s best athletes win races, games and championships. And the athletes helped Nike design and market the products and brand that changed the face of sports.
Why has Nike been so successful?
By offering more products to more people, in more markets than any other sports company, they are able to capture a far greater market share of the market than any other company. Like most leaders in the market, Nike values the consumer and the importance of providing a quality product.
Why did Nike increase in 2021?
Over the fourth quarter of its 2021 fiscal year, the sportswear giant saw revenues grow by 96 percent to $12.3 billion USD, largely attributed by the company to the recovery of its operations that have been affected by COVID-19 last year.
What year did Nike make the most money?
The company experienced around 18.7% growth in its net revenues in 2021 compared to the previous year. Net revenue of Nike Inc grew to $39.12 billion in 2019 (highest in its history) from $36.4 billion in 2018. Net Revenue of Nike rose to $36.4 billion in 2018 from $34.35 Billion in 2017. Nike Inc.
Who is Nike’s biggest competitor?
Adidas
Adidas. With annual revenue of $22.12 billion, Adidas is the biggest competitor of Nike. The brand actively serves across 55 countries via more than 2500 stores worldwide. Founded in 1924 by Adolf Dassler and Rudolf Dassler, the brand is the largest sportswear manufacturer in Europe and the second-largest globally.
Who is Nike owned by?
4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.
How is Nike doing financially 2022?
Nike has revealed revenue of US$46.7 billion for the 2022 financial year, up five per cent year-over-year (YoY). The US sportswear giant’s net income for fiscal 2022 was US$6 billion, a rise of six per cent YoY. Broken down, revenue for the Nike brand was US$44.4 billion, up five per cent YoY.
How is Nike currently performing?
NIKE continues to have a strong track record of investing to fuel growth and consistently increasing returns to shareholders, including 20 consecutive years of increasing dividend payouts.
Are Nike sales declining?
Nike’s fiscal year ended with a sales decline, as Q4 revenues fell 1% to $12.2 billion, according to a company press release. Overall, full-year revenue grew 5% to $46.7 billion, while Nike’s DTC revenue grew 14% to $18.7 billion.
What happened with Nike recently?
You won’t be able to buy Nike sneakers and apparel at one of America’s largest shoe store chains in 2022. Nike announced it will stop selling to DSW as it cuts ties with many stores and shifts to selling more of its products through its own shops, websites, mobile apps and select retailers.
How much has Nike lost?
Nike just lost about $3.75 billion in market cap after announcing free agent NFL quarterback Colin Kaepernick as the new face of its “Just Do It” ad campaign. It’s the 30th anniversary of the iconic TV and print spots.
How much money did Nike lose in 2021?
Nike’s net income for the period ended May 31 rose to $1.5 billion, or 93 cents per share, compared with a loss of $790 million, or 51 cents per share, a year earlier. That topped analysts’ forecast of 51 cents per share, using Refinitiv data.
How is NIKE doing financially?
Revenues for NIKE, Inc. increased 5 percent to $10.9 billion compared to the prior year and were up 8 percent on a currency-neutral basis. Revenues for the NIKE Brand were $10.3 billion, up 8 percent compared to prior year on a currency-neutral basis, led by 13 percent growth in EMEA.
What does it look like NIKE did during 2020 as far as debt financing?
According to the Nike’s most recent financial statement as reported on July 24, 2020, total debt is at $9.66 billion, with $9.41 billion in long-term debt and $251.00 million in current debt. Adjusting for $8.35 billion in cash-equivalents, the company has a net debt of $1.31 billion.