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. 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. NIKE Inc. [NYSE: NKE] loss -0.12% on the last trading session, reaching $137.41 price per share at the time. Here’s how they’re going to be able to do it. You may opt-out by. Hundreds of Nike employees marched in protest of the company's treatment of women at its headquarters earlier this month. The company said its Jordan brand had its first ever billion-dollar quarter, thanks to new innovation and a spike in interest in the basketball-focused label, including among women and in markets outside the U.S. Mid & Small Cap | European Large & Mid Cap. Parker told analysts on Thursday that "this has been a thoughtful transition that has been planned for many months.". But sales growth in North America comes in slightly weaker than expected. Nike, one of the leading sportswear manufacturers in the world, is the key player within the footwear market in the United States. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. 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’s women’s business has been outpacing its men’s business of late, seeing growth in the double-digit territory in recent quarters. To really achieve its ambitious target, Nike likely needs to focus on increasing sales abroad, considering the competitive pressures in the domestic market. The all-time high NIKE stock closing price was 140.50 on December 17, 2020. The history of NIKE is a true American success story. 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. By 2020, it is expected to grow an additional 12 percent CAGR (compound annual growth rate) with sales expected to reach $8 billion. The team was previously considered to be the best in the world. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. Just 850+ stores generate over $27 billion of revenues every year. Parker explained to CNBC at the time that Donahoe will be able to help Nike focus more on digital growth, considering his professional background. 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 2020 annual EPS was $1.6 , a 35.74% decline from 2019. The stock on Thursday hit an all-time intraday high of $101.27. 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. 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. 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. Nike Inc s' competitors and its Market Share by Total, FOOTWEAR, APPAREL, EQUIPMENT & OTHER segment - CSIMarket As a brand, their global market share is expected to be near 30% by the end of the decade. Nike's direct sales were up 17% during the 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. 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.". 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. Analysts were calling for sales of $4 billion. Nike Inc. Cl B stock outperforms market on strong trading day Dec. 17, 2020 at 8:03 p.m. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. 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 has placed growth in the women’s segment high on its priority list going forward. Total sales in Greater China, excluding currency impact, grew 23% to $1.85 billion, topping estimates for $1.80 billion. Overall, it seems unlikely that Nike will be able to reach its previously stated revenue target, though it could come close. 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. 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. The company has emphasized creating apparel specifically for women, and now operates several “women’s only” Nike stores. We want to hear from you. Find the latest Nike, Inc. (NKE) stock quote, history, news and other vital information to help you with your stock trading and investing. In total, the global market share for Nike is expected to be over 27% by 2020. So from the get-go, this target seems a little ambitious. 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. The company has dealt with intense competition in the footwear market, primarily from Adidas and Under Armour, in the last few quarters. All Rights Reserved. • List of NKE Competitors. Historical daily share price chart and data for NIKE since 1980 adjusted for splits. The results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. Gross margins rose 20 basis points to 44%, slightly less than expectations for 44.1%.

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