Advertising cookies (of third parties) collect information to help better tailor advertising to your interests, both within and beyond Nike websites. My interdisciplinary education includes an M.B.A. in Strategic Business Administration from Penn State University, a B.S. We think you are in {country}. Nike said revenues from its direct-to-consumer division amounted to $11.8 billion in fiscal 2019, fueled by a 35% jump in online sales and same-store sales growth of 6%. There is strong demand coming from … Nike’s digital business allows the brand to continue to connect with its members and increase sales ... [+] despite store closings and restricted occupancy. Sales in North America were down 46% (link) Nike saw the COVID-19 economic contraction as a way to hide a top-line and bottom-line collapse that has very little to do with the … Whisky’s Pandemic Immunity: Macallan Breaks Launch Record With $2 Million In Orders At Prestige Drinks Retailer Le Clos, Q&A With Moncler’s Remo Ruffini, On Stone Island Partnership, 2021 And Beyond. “NIKE’s strong results during a dynamic environment show the power of staying on the offense,” said John Donahoe, president and CEO, NIKE, Inc. On the earnings call, Nike discussed staying with the current strategy which stresses continued product innovation, initiatives that drive brand strength and increasing memberships in the loyalty program. In the fiscal year 2019, capex shrunk by 10% YoY to $1.1 billion. Nike Inc. Cl B Annual stock financials by MarketWatch. © 2020 Forbes Media LLC. De-selecting these cookies may result in poorly-tailored recommendations and slow site performance. Zacks Equity Research. Advertising cookies (of third parties) collect information to help better tailor advertising to your interests, both within and beyond Nike websites. These include cookies that allow you to be remembered as you explore the site within a single session or, if you request, from session to session. NIKE Direct) (36.1%); and a … All Rights Reserved, This is a BETA experience. November retail sales (minus automobiles and gas) were up 2% compared to last year, yet apparel and accessories were down 19.2%. NIKE’s full-year sales were 6% below last year’s and gross margin was down slightly from 44.7% to 43.4%. Matt Friend, executive vice president and CFO of Nike, Inc. Opinions expressed by Forbes Contributors are their own. , discussed the over 100% growth in the North American digital business that now represents 25% of total revenue. Nike has added over 70 million members to its loyalty program this year. Ports? Nike shares, as of Tuesday’s market close, have climbed more than 17% this year. View Privacy & Cookie Policy for full details. Social media cookies offer the possibility to connect you to your social networks and share content from our website through social media. NIKE annual revenue … (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images), Nike’s second-quarter results delivered a 9% increase over last year for the same time period. Ethan Chernofsky, vice president marketing of Placer.ai, stated, “Nike visits had pulled within ... [+] striking distance of 2019 levels by October with visits down just 1.9% year over year.” www.placer.ai. I have over 25 years of experience in the retail industry across many functions including general management, marketing, operations, merchandising, buying, and human resources. Nike (NKE) posted better-than-expected Q3 fiscal 2019 earnings and revenue after the closing bell Thursday. Regardless of these looming threats, Nike has weathered 2019 relatively unscathed, even landing among the top 15 analyst picks among the Dow. , are outpacing the general apparel market which showed store visits down by 20-38% in November, week-over-week. ET by Jeremy C. Owens VF Corp. stock outperforms competitors despite losses on … Nike’s digital business allows the brand to continue to connect with its members and increase sales despite store closings and restricted occupancy. I am a contributor to Forbes.com, The Robin Report and a member of the BrainTrust for RetailWire. The stock had closed the day down about 0.6%. NIKE (NKE) Beats Q2 Earnings & Sales Estimates, Stock Down. NRF Calls For Retail Workers To Get Vaccine First. NIKE revenue for the twelve months ending August 31, 2020 was $37.337B, a 6.26% decline year-over-year. Ethan Chernofsky, vice president marketing of Placer.ai, stated, “Nike visits had pulled within striking distance of 2019 levels by October with visits down just 1.9% year over year.” Nike on Thursday reported fourth quarter revenue of $10.2 billion, up 4%, as full year revenue grew 7% to $39.1 billion, according to a company press release. The page on clearance shoes, clothing and gear Workers to Get Vaccine First Forbes.com, the Robin Report a., capex shrunk by 10 % YoY to $ 1.1 billion... +... Consumer Direct Offense allow us to connect you to accept cookies for performance, media... Able to buck both quarterly sales and season-to-date sales trends as compared to fiscal 2018,! Fell up to 2 % initially, but moved to about 39 U.S.. Checkout process possible as well as assist in security issues and conforming to regulations at Nike.com financial,. Forbes.Com, the Robin Report and CEO/founder of my consulting business connect you to accept cookies for performance, media. 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