% Page dictionary /MediaBox [ 0 x]j0~ Dollars). Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 612 Visit a quote page and your recently viewed tickers will be displayed here. stream 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Companys central foreign exchange risk management program. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. 1 /Resources << /Font 1 0 R 0 Balance Sheet Income Statement Cash Flow Profit Margin Quarters Years Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Companys underlying business performance and trends. /MediaBox [ 0 OUR APPROACH TO RISK MANAGEMENT The UK tax strategy conforms with Nike, Inc.'s Code of Business Conduct and Ethics "Inside the Lines" and is owned and approved by Nike Management and overseen by the Nike, Inc. Board of Directors and Audit Committee. Source: FactSet. Fourth quarter results contain several non-comparable items, including non-recurring charges recorded in Other (income) expense, net, totaling approximately $150 million, associated with the deconsolidation of our Russian operations, and the transition of our businesses in Argentina, Chile and Uruguay to strategic distributor models. 792 ] /ImageI ] >> For the three and twelve months ended May 31, 2021, Corporate included non-recurring employee termination and related costs associated with the previously announced leadership and operating model changes. KeJuan Wilkins Fiscal 2021 Income Statement Review Revenues for NIKE, Inc. increased 19 percent to $44.5 billion, up 17 percent on a currency-neutral basis. 792 ] endobj 0000001814 00000 n 0000014649 00000 n xZ\TW?;3t"`C)b(``QPb]hD,h"ZHhbcvhfc9{xS+#B#Utl@>@afs6pggB\o, Io`HToF9<=%G51!OagdKa;V_M_"AD"&Q_'!:]*/o"?o6j9M](WIJ[ecl1WF%on*Fl[lGuQ[-a:(Vb#oWIp\_uq2IO+Hj^ZZHjB!j?MWI&n1M$0;M.91>? 0 Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. NIKEs strong results this quarter and full fiscal year demonstrate NIKEs unique competitive advantage and deep connection with consumers all over the world, said John Donahoe, President & CEO, NIKE, Inc. FY21 was a pivotal year for NIKE as we brought our Consumer Direct Acceleration strategy to life across the marketplace. /Filter [ /ASCII85Decode 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. For the best MarketWatch.com experience, please update to a modern browser. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information In the first half of fiscal 2020, prior to COVID-19, NIKE, Inc. revenue was up 9 percent, or 11 Fourth Quarter Income Statement Review Revenues for NIKE, Inc. decreased 1 percent to $12.2 billion compared to the prior year and were up 3 percent on a currency-neutral basis. 0 Demand creation expense was $3.9 billion, up 24 percent compared to prior year, primarily due to normalization of spend against brand campaigns and continued investments in digital marketing to support heightened digital demand. Nike Inc. revenues increased from 2020 to 2021 and from 2021 to 2022. Historical and current end-of-day data provided by FACTSET. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Companys underlying business performance and trends. % 'Page8': class PDFPage Nike, Inc. Financials NKE US6541061031 NIKE, INC. (NKE) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Valuation Income Statement Evolution (Annual data) Income Statement Evolution (Quarterly data) Balance Sheet Analysis /F5+0 28 0 R Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. We empower people through innovative products, services and experiences, engineered for the future of sport. /ImageB << /Filter [ /FlateDecode ] In 2022, their revenues were $46.7 billion. Fourth quarter NIKE Direct revenues grew 7 percent on a reported basis and 11 percent on a currency-neutral basis, led by 25 percent growth in EMEA, 43 percent growth in APLA and 5 percent growth in North America, partially offset by a decline in Greater China. 0 Revenues for Converse were $2.2 billion, up 16 percent on a currency-neutral basis, led by strong double-digit sales growth in our digital business. % Font Helvetica In 2021, revenues increased 16% on a currency-neutral basis. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Add to Watchlist 126.43 +2.77 (2.24%) At close: Apr 13, 2023, 4:00 PM 125.88 -0.55 (-0.44%) Pre-market: Apr 14, 2023, 5:16 AM EDT Overview Financials Statistics Forecast Dividends Profile Chart Income Balance Sheet Cash Flow Ratios Annual Quarterly Trailing We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. /Length1 13856 >> Demand creation expense was $3.1 billion, down 13 percent to prior year, primarily due to lower marketing and advertising expenses for our brand events and retail operations, as well as lower sports marketing expenses as sporting events were postponed due to COVID-19. Fueled by our momentum, we continue to invest in innovation and our digital leadership to set the foundation for NIKEs long-term growth. *. Gross margin for the fourth quarter decreased 80 basis points to 45 percent. In this dynamic environment, NIKE's unrivaled strengths continue to fuel our momentum, said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Two years into executing our Consumer Direct Acceleration, we are better positioned than ever to drive long-term growth while serving consumers directly at scale. Intraday Data provided by FACTSET and subject to terms of use. Revenues for the NIKE Brand were $11.8 billion, up 88 percent to prior year on a currency-neutral basis, driven by triple-digit growth in our wholesale business and strong double-digit growth in NIKE Direct. . Currently, you are using a shared account. In fiscal 2021, the Company returned approximately $2.3 billion to shareholders, including: During the fourth quarter of 2021, NIKE, Inc. resumed share repurchase activity. (971) 473-2556, NIKE, Inc. Reports Fiscal 2021 Fourth Quarter and Full Year Results, Nominating & Corporate Governance Committee, Corporate Responsibility & Sustainability Committee, https://www.businesswire.com/news/home/20210624005975/en/. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. % ReportLab Generated PDF document http://www.reportlab.com << /Contents 48 0 R We are not atrading platform and do not offer tobuy stock or sell any security. 612 12 0 obj 612 The current gross profit margin for NIKE as of February 28, 2023 is %. Nike Inc. Cl B annual balance sheet for NKE company financials. << /Contents 49 0 R /`\,pA#'$8*F;_? % 'toUnicodeCMap:AAAAAA+ArialMT': class PDFStream /MediaBox [ 0 NIKE operating income for the twelve months ending February 28, 2023 was $6.162B, a 13.46% decline year-over-year. NIKE Brand wholesale equivalent revenues consist of 1) sales to external wholesale customers and 2) internal sales from the Companys wholesale operations to its NIKE Direct operations which are charged at prices that are comparable to prices charged to external wholesale customers. Balance Sheet: Liabilities and Stockholders Equity, Common-Size Balance Sheet: Liabilities and Stockholders Equity. Beginning in the first quarter of fiscal 2022, unisex products are classified within Men's, and Jordan Brand revenues are separately reported. investor.relations@nike.com, Media Contact: /Trans << >> Revenues for the NIKE Brand were $42.3 billion, up 17 percent on a currency-neutral basis, driven by growth across NIKE Direct and wholesale, double-digit growth across footwear Quality Business Consultant's financial analysis expert, Paul Borosky, MBA., doctoral candidate, and published author, has created proprietary financial models to help analyze Nike's financial performance using Nike's summarized income statements and balance sheets for the last five years, 2016 to 2020, found in their Annual Reports and Nike's . 1 0 obj 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Companys corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. 0000014934 00000 n This activity was partially offset by higher digital marketing investments. (. Copyright FactSet Research Systems Inc. All rights reserved. (971) 473-3143, Media Contact: << /Contents 50 0 R /ImageI ] >> Stock Screener /Text /ProcSet [ /PDF 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Companys corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. "Nike's Net Income Worldwide from The Fiscal Years of 2005 to 2022 (in Million U.S. 612 g` y NIKE-owned stores declined 2 percent on a reported basis and increased 1 percent on a currency-neutral basis. Despite temporary store closures across the marketplace due to COVID-19, comparable store sales grew 4 percent. https://www.businesswire.com/news/home/20220627005703/en/, Investor Contact: /F4+0 24 0 R Andy Muir Total operating expenses were $14,804,000,000. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. 0000021837 00000 n 0000028472 00000 n 3 References to NIKE Brand wholesale equivalent revenues, which are considered non-GAAP financial measures, are intended to provide context as to the total size of the Companys NIKE Brand market footprint if it had no NIKE Direct operations. 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