• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    NIKE, Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Results

    6/27/24 4:15:00 PM ET
    $NKE
    Shoe Manufacturing
    Consumer Discretionary
    Get the next $NKE alert in real time by email

    NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2024 fourth quarter and full year ended May 31, 2024.

    • Full year revenues were $51.4 billion compared to $51.2 billion in the prior year, up 1 percent on a currency-neutral basis*
    • Fourth quarter revenues were $12.6 billion, down 2 percent on a reported basis and flat on a currency-neutral basis
    • NIKE Direct revenues for the fourth quarter were $5.1 billion, down 8 percent on a reported basis and down 7 percent on a currency-neutral basis
    • Wholesale revenues for the fourth quarter were $7.1 billion, up 5 percent on a reported basis and up 8 percent on a currency-neutral basis
    • Gross margin for the fourth quarter increased 110 basis points to 44.7 percent
    • Diluted earnings per share was $0.99 for the fourth quarter

    "We are taking our near-term challenges head-on, while making continued progress in the areas that matter most to NIKE's future – serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace," said John Donahoe, President & CEO, NIKE, Inc. "I'm confident that our teams are lining up our competitive advantages to create greater impact for our business."**

    Matthew Friend, Executive Vice President & Chief Financial Officer, NIKE, Inc. said, "We are driving better balance across our portfolio. While we are encouraged by our progress, our fourth quarter results highlighted challenges that have led us to update our Fiscal '25 outlook. We are taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth."**

    Fourth Quarter Income Statement Review

    • Revenues for NIKE, Inc. were $12.6 billion, down 2 percent on a reported basis and flat on a currency-neutral basis.
      • Revenues for the NIKE Brand were $12.1 billion, down 1 percent on a reported basis and up 1 percent on a currency-neutral basis, with currency-neutral growth in Greater China, APLA and EMEA, partially offset by a decline in North America.
      • NIKE Direct revenues were $5.1 billion, down 8 percent on a reported basis and down 7 percent on a currency-neutral basis, due to declines in NIKE Brand Digital of 10 percent and NIKE-owned stores of 2 percent.
      • Wholesale revenues for the fourth quarter were $7.1 billion, up 5 percent on a reported basis and up 8 percent on a currency-neutral basis.
      • Revenues for Converse were $480 million, down 18 percent on a reported basis and down 17 percent on a currency-neutral basis, primarily due to declines in North America and Western Europe.
    • Gross margin increased 110 basis points to 44.7 percent, primarily due to strategic pricing actions, lower ocean freight rates and logistics costs, and lower warehousing, partially offset by lower margin in NIKE Direct and unfavorable changes in net foreign currency exchange rates.
    • Selling and administrative expense decreased 7 percent to $4.1 billion.
      • Demand creation expense was $1.1 billion, flat compared to prior year as lower sports marketing expense was offset by higher advertising and marketing expense.
      • Operating overhead expense decreased 9 percent to $3.0 billion, primarily due to lower wage-related expenses. Included in Operating overhead expense was $39 million of restructuring charges.
    • The effective tax rate was 13.1 percent compared to 17.3 percent for the same period last year, due to changes in earnings mix, partially offset by decreased benefits from stock-based compensation.
    • Net income was $1.5 billion, up 45 percent, and Diluted earnings per share was $0.99, including $0.02 of restructuring charges, net of tax benefit. Excluding these charges, Diluted earnings per share would have been $1.01*.

    Fiscal 2024 Income Statement Review

    • Revenues for NIKE, Inc. were $51.4 billion compared to $51.2 billion in the prior year, up 1 percent on a currency-neutral basis.
      • Revenues for the NIKE Brand were $49.3 billion, up 1 percent on a reported and currency-neutral basis, with currency-neutral growth in Greater China and APLA, partially offset by a decline in North America.
      • NIKE Direct revenues were $21.5 billion, up 1 percent on a reported and currency-neutral basis, led by NIKE-owned stores growth of 6 percent, partially offset by a decline in NIKE Brand Digital of 3 percent.
      • Wholesale revenues were $27.8 billion, up 1 percent on a reported basis and up 2 percent on a currency-neutral basis.
      • Revenues for Converse were $2.1 billion, down 14 percent on a reported basis and down 15 percent on a currency-neutral basis, primarily due to declines in North America and Western Europe.
    • Gross margin increased 110 basis points to 44.6 percent, primarily due to strategic pricing actions and lower ocean freight rates and logistics costs, partially offset by higher product input costs, lower margin in NIKE Direct and unfavorable changes in net foreign currency exchange rates.
    • Selling and administrative expense increased 1 percent to $16.6 billion, including $379 million of restructuring charges.
      • Demand creation expense was $4.3 billion, up 6 percent compared to prior year, reflecting an increase in advertising and marketing expense.
      • Operating overhead expense was $12.3 billion, flat compared to prior year as lower wage-related expenses and lower technology spend were offset by restructuring charges.
    • The effective tax rate was 14.9 percent, compared to 18.2 percent for the same period last year, due to changes in earnings mix and one-time items including the benefit provided by the delay of the effective date of US foreign tax regulations in the first quarter of fiscal 2024.
    • Net income was $5.7 billion, up 12 percent, and Diluted earnings per share was $3.73, including $0.22 of restructuring charges, net of tax benefit. Excluding these charges, Diluted earnings per share would have been $3.95*.

    May 31, 2024 Balance Sheet Review

    • Inventories for NIKE, Inc. were $7.5 billion, down 11 percent compared to the prior year, reflecting a decrease in units.
    • Cash and equivalents and short-term investments were $11.6 billion, up $0.9 billion from last year, as cash generated from operations was partially offset by share repurchases, cash dividends and capital expenditures.

    Shareholder Returns

    NIKE continues to have a strong track record of consistently increasing returns to shareholders, including 22 consecutive years of increasing dividend payouts.

    In the fourth quarter, the Company returned approximately $1.6 billion to shareholders, including:

    • Dividends of $560 million, up 7 percent from prior year.
    • Share repurchases of $1.0 billion, reflecting 11.1 million shares retired as part of the four-year, $18 billion program approved by the Board of Directors in June 2022.

    In fiscal 2024, the Company returned approximately $6.4 billion to shareholders, including:

    • Dividends of $2.2 billion, up 8 percent from prior year.
    • Share repurchases of $4.3 billion, reflecting 41.4 million shares retired as part of the four-year, $18 billion program approved by the Board of Directors in June 2022.

    As of May 31, 2024, a total of 84.9 million shares have been repurchased under the current program for a total of approximately $9.1 billion.

    Conference Call

    NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 27, 2024, to review fiscal fourth quarter and full year results. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, July 11, 2024.

    About NIKE, Inc.

    NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.'s earnings releases and other financial information are available on the Internet at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @NIKE.

    *

    Non-GAAP financial measures. See additional information in the accompanying Divisional Revenues, Supplemental NIKE Brand Revenue and Diluted earnings per share tables.

    **

    The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K.

    NIKE, Inc.

    CONSOLIDATED STATEMENTS OF INCOME

    (Unaudited)

     

     

     

     

     

     

     

     

     

     

     

    THREE MONTHS ENDED

    %

    TWELVE MONTHS ENDED

    %

    (In millions, except per share data)

    5/31/2024

    5/31/2023

    Change

    5/31/2024

    5/31/2023

    Change

    Revenues

    $

    12,606

     

    $

    12,825

     

    -2%

    $

    51,362

     

    $

    51,217

     

    0%

    Cost of sales

     

    6,972

     

     

    7,230

     

    -4%

     

    28,475

     

     

    28,925

     

    -2%

    Gross profit

     

    5,634

     

     

    5,595

     

    1%

     

    22,887

     

     

    22,292

     

    3%

    Gross margin

     

    44.7

    %

     

    43.6

    %

     

     

    44.6

    %

     

    43.5

    %

     

     

     

     

     

     

     

     

    Demand creation expense

     

    1,091

     

     

    1,092

     

    0%

     

    4,285

     

     

    4,060

     

    6%

    Operating overhead expense

     

    2,997

     

     

    3,282

     

    -9%

     

    12,291

     

     

    12,317

     

    0%

    Total selling and administrative expense

     

    4,088

     

     

    4,374

     

    -7%

     

    16,576

     

     

    16,377

     

    1%

    % of revenues

     

    32.4

    %

     

    34.1

    %

     

     

    32.3

    %

     

    32.0

    %

     

     

     

     

     

     

     

     

    Interest expense (income), net

     

    (53

    )

     

    (28

    )

    —

     

    (161

    )

     

    (6

    )

    —

    Other (income) expense, net

     

    (127

    )

     

    3

     

    —

     

    (228

    )

     

    (280

    )

    —

    Income before income taxes

     

    1,726

     

     

    1,246

     

    39%

     

    6,700

     

     

    6,201

     

    8%

    Income tax expense

     

    226

     

     

    215

     

    5%

     

    1,000

     

     

    1,131

     

    -12%

    Effective tax rate

     

    13.1

    %

     

    17.3

    %

     

     

    14.9

    %

     

    18.2

    %

     

     

     

     

     

     

     

     

    NET INCOME

    $

    1,500

     

    $

    1,031

     

    45%

    $

    5,700

     

    $

    5,070

     

    12%

     

     

     

     

     

     

     

    Earnings per common share:

     

     

     

     

     

     

    Basic

    $

    0.99

     

    $

    0.67

     

    48%

    $

    3.76

     

    $

    3.27

     

    15%

    Diluted

    $

    0.99

     

    $

    0.66

     

    50%

    $

    3.73

     

    $

    3.23

     

    15%

     

     

     

     

     

     

     

    Weighted average common shares outstanding:

     

     

     

     

     

     

    Basic

     

    1,508.0

     

     

    1,536.5

     

     

     

    1,517.6

     

     

    1,551.6

     

     

    Diluted

     

    1,516.7

     

     

    1,556.3

     

     

     

    1,529.7

     

     

    1,569.8

     

     

     

     

     

     

     

     

     

    Dividends declared per common share

    $

    0.370

     

    $

    0.340

     

     

    $

    1.450

     

    $

    1.325

     

     

    NIKE, Inc.

    CONSOLIDATED BALANCE SHEETS

    (Unaudited)

     

     

     

     

     

     

     

     

     

    May 31,

    May 31,

    %

    Change

    (Dollars in millions)

    2024

    2023

    ASSETS

     

     

     

    Current assets:

     

     

     

    Cash and equivalents

    $

    9,860

    $

    7,441

    33%

    Short-term investments

     

    1,722

     

     

    3,234

     

    -47%

    Accounts receivable, net

     

    4,427

     

     

    4,131

     

    7%

    Inventories

     

    7,519

     

     

    8,454

     

    -11%

    Prepaid expenses and other current assets

     

    1,854

     

     

    1,942

     

    -5%

    Total current assets

     

    25,382

     

     

    25,202

     

    1%

    Property, plant and equipment, net

     

    5,000

     

     

    5,081

     

    -2%

    Operating lease right-of-use assets, net

     

    2,718

     

     

    2,923

     

    -7%

    Identifiable intangible assets, net

     

    259

     

     

    274

     

    -5%

    Goodwill

     

    240

     

     

    281

     

    -15%

    Deferred income taxes and other assets

     

    4,511

     

     

    3,770

     

    20%

    TOTAL ASSETS

    $

    38,110

     

    $

    37,531

     

    2%

    LIABILITIES AND SHAREHOLDERS' EQUITY

     

     

     

    Current liabilities:

     

     

     

    Current portion of long-term debt

    $

    1,000

     

    $

    —

     

    100%

    Notes payable

     

    6

     

     

    6

     

    0%

    Accounts payable

     

    2,851

     

     

    2,862

     

    0%

    Current portion of operating lease liabilities

     

    477

     

     

    425

     

    12%

    Accrued liabilities

     

    5,725

     

     

    5,723

     

    0%

    Income taxes payable

     

    534

     

     

    240

     

    123%

    Total current liabilities

     

    10,593

     

     

    9,256

     

    14%

    Long-term debt

     

    7,903

     

     

    8,927

     

    -11%

    Operating lease liabilities

     

    2,566

     

     

    2,786

     

    -8%

    Deferred income taxes and other liabilities

     

    2,618

     

     

    2,558

     

    2%

    Redeemable preferred stock

     

    —

     

     

    —

     

    —

    Shareholders' equity

     

    14,430

     

     

    14,004

     

    3%

    TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

    $

    38,110

     

    $

    37,531

     

    2%

    NIKE, Inc.

    DIVISIONAL REVENUES

    (Unaudited)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    % Change

    Excluding

    Currency

    Changes1

     

     

     

    % Change

    Excluding

    Currency

    Changes1

     

    THREE MONTHS

    ENDED

    %

    TWELVE MONTHS

    ENDED

    %

    (Dollars in millions)

    5/31/2024

    5/31/2023

    Change

    5/31/2024

    5/31/2023

    Change

    North America

     

     

     

     

     

     

     

     

    Footwear

    $

    3,587

     

    $

    3,807

    -6%

    -6%

    $

    14,537

     

    $

    14,897

    -2%

    -2%

    Apparel

     

    1,398

     

     

    1,349

     

    4%

    4%

     

    5,953

     

     

    5,947

     

    0%

    0%

    Equipment

     

    293

     

     

    199

     

    47%

    47%

     

    906

     

     

    764

     

    19%

    19%

    Total

     

    5,278

     

     

    5,355

     

    -1%

    -1%

     

    21,396

     

     

    21,608

     

    -1%

    -1%

    Europe, Middle East & Africa

     

     

     

     

     

     

     

     

    Footwear

     

    2,067

     

     

    2,174

     

    -5%

    -2%

     

    8,473

     

     

    8,260

     

    3%

    1%

    Apparel

     

    1,049

     

     

    1,038

     

    1%

    3%

     

    4,380

     

     

    4,566

     

    -4%

    -6%

    Equipment

     

    176

     

     

    138

     

    28%

    29%

     

    754

     

     

    592

     

    27%

    24%

    Total

     

    3,292

     

     

    3,350

     

    -2%

    1%

     

    13,607

     

     

    13,418

     

    1%

    0%

    Greater China

     

     

     

     

     

     

     

     

    Footwear

     

    1,357

     

     

    1,336

     

    2%

    6%

     

    5,552

     

     

    5,435

     

    2%

    6%

    Apparel

     

    460

     

     

    438

     

    5%

    9%

     

    1,828

     

     

    1,666

     

    10%

    14%

    Equipment

     

    46

     

     

    36

     

    28%

    32%

     

    165

     

     

    147

     

    12%

    17%

    Total

     

    1,863

     

     

    1,810

     

    3%

    7%

     

    7,545

     

     

    7,248

     

    4%

    8%

    Asia Pacific & Latin America

     

     

     

     

     

     

     

     

    Footwear

     

    1,226

     

     

    1,230

     

    0%

    3%

     

    4,865

     

     

    4,543

     

    7%

    7%

    Apparel

     

    416

     

     

    409

     

    2%

    5%

     

    1,614

     

     

    1,664

     

    -3%

    -2%

    Equipment

     

    63

     

     

    57

     

    11%

    13%

     

    250

     

     

    224

     

    12%

    12%

    Total

     

    1,705

     

     

    1,696

     

    1%

    4%

     

    6,729

     

     

    6,431

     

    5%

    5%

    Global Brand Divisions2

     

    11

     

     

    14

     

    -21%

    -28%

     

    45

     

     

    58

     

    -22%

    -25%

    TOTAL NIKE BRAND

     

    12,149

     

     

    12,225

     

    -1%

    1%

     

    49,322

     

     

    48,763

     

    1%

    1%

    Converse

     

    480

     

     

    586

     

    -18%

    -17%

     

    2,082

     

     

    2,427

     

    -14%

    -15%

    Corporate3

     

    (23

    )

     

    14

     

    —

    —

     

    (42

    )

     

    27

     

    —

    —

    TOTAL NIKE, INC. REVENUES

    $

    12,606

     

    $

    12,825

     

    -2%

    0%

    $

    51,362

     

    $

    51,217

     

    0%

    1%

     

     

     

     

     

     

     

     

     

    TOTAL NIKE BRAND

     

     

     

     

     

     

     

     

    Footwear

    $

    8,237

     

    $

    8,547

     

    -4%

    -2%

    $

    33,427

     

    $

    33,135

     

    1%

    1%

    Apparel

     

    3,323

     

     

    3,234

     

    3%

    4%

     

    13,775

     

     

    13,843

     

    0%

    0%

    Equipment

     

    578

     

     

    430

     

    34%

    35%

     

    2,075

     

     

    1,727

     

    20%

    20%

    Global Brand Divisions2

     

    11

     

     

    14

     

    -21%

    -28%

     

    45

     

     

    58

     

    -22%

    -25%

    TOTAL NIKE BRAND REVENUES

    $

    12,149

     

    $

    12,225

     

    -1%

    1%

    $

    49,322

     

    $

    48,763

     

    1%

    1%

    1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies.

    2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment.

    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 Company's central foreign exchange risk management program.

    NIKE, Inc.

    SUPPLEMENTAL NIKE BRAND REVENUE DETAILS

    (Unaudited)

     

     

     

     

    % Change

    Excluding

    Currency

    Changes1

     

     

     

     

     

    TWELVE MONTHS ENDED

    %

    (Dollars in millions)

    5/31/2024

    5/31/2023

    Change

    NIKE Brand Revenues by:

     

     

     

     

    Sales to Wholesale Customers

    $

    27,758

     

    $

    27,397

     

    1%

    2%

    Sales through NIKE Direct

     

    21,519

     

     

    21,308

     

    1%

    1%

    Global Brand Divisions2

     

    45

     

     

    58

     

    -22%

    -25%

    TOTAL NIKE BRAND REVENUES

    $

    49,322

     

    $

    48,763

     

    1%

    1%

     

     

     

     

     

    NIKE Brand Revenues on a Wholesale Equivalent Basis:3

     

     

     

     

    Sales to Wholesale Customers

    $

    27,758

     

    $

    27,397

     

    1%

    2%

    Sales from our Wholesale Operations to NIKE Direct Operations

     

    13,009

     

     

    12,730

     

    2%

    2%

    TOTAL NIKE BRAND WHOLESALE EQUIVALENT REVENUES

    $

    40,767

     

    $

    40,127

     

    2%

    2%

     

     

     

     

     

    NIKE Brand Wholesale Equivalent Revenues by:3

     

     

     

     

    Men's

    $

    20,868

     

    $

    20,733

     

    1%

    1%

    Women's

     

    8,586

     

     

    8,606

     

    0%

    1%

    Kids'

     

    5,111

     

     

    5,038

     

    1%

    1%

    Jordan Brand

     

    6,988

     

     

    6,589

     

    6%

    7%

    Others4

     

    (786

    )

     

    (839

    )

    6%

    6%

    TOTAL NIKE BRAND WHOLESALE EQUIVALENT REVENUES

    $

    40,767

     

    $

    40,127

     

    2%

    2%

    1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies.

    2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment.

    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 Company's NIKE Brand market footprint if it had no NIKE Direct operations. NIKE Brand wholesale equivalent revenues consist of 1) sales to external wholesale customers and 2) internal sales from the Company's wholesale operations to its NIKE Direct operations which are charged at prices comparable to those charged to external wholesale customers. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. Beginning in fiscal year 2025, with the continued rollout of a new Enterprise Resource Planning Platform, the Company will replace wholesale equivalent revenues and gross margin drivers with a comparable U.S. GAAP metric.

    4 Others include products not allocated to Men's, Women's, Kids' and Jordan Brand, as well as certain adjustments that are not allocated to products designated by consumer.

    NIKE, Inc.

    EARNINGS BEFORE INTEREST AND TAXES1

    (Unaudited)

     

     

     

     

     

     

     

     

     

     

     

    THREE MONTHS ENDED

    %

    TWELVE MONTHS ENDED

    %

    (Dollars in millions)

    5/31/2024

    5/31/2023

    Change

    5/31/2024

    5/31/2023

    Change

    North America

    $

    1,462

     

    $

    1,390

     

    5%

    $

    5,822

     

    $

    5,454

     

    7%

    Europe, Middle East & Africa

     

    797

     

     

    781

     

    2%

     

    3,388

     

     

    3,531

     

    -4%

    Greater China

     

    548

     

     

    529

     

    4%

     

    2,309

     

     

    2,283

     

    1%

    Asia Pacific & Latin America

     

    479

     

     

    462

     

    4%

     

    1,885

     

     

    1,932

     

    -2%

    Global Brand Divisions2

     

    (1,148

    )

     

    (1,268

    )

    9%

     

    (4,720

    )

     

    (4,841

    )

    2%

    TOTAL NIKE BRAND1

     

    2,138

     

     

    1,894

     

    13%

     

    8,684

     

     

    8,359

     

    4%

    Converse

     

    94

     

     

    150

     

    -37%

     

    474

     

     

    676

     

    -30%

    Corporate3

     

    (559

    )

     

    (826

    )

    32%

     

    (2,619

    )

     

    (2,840

    )

    8%

    TOTAL NIKE, INC. EARNINGS BEFORE INTEREST AND TAXES1

     

    1,673

     

     

    1,218

     

    37%

     

    6,539

     

     

    6,195

     

    6%

    EBIT margin1

     

    13.3

    %

     

    9.5

    %

     

     

    12.7

    %

     

    12.1

    %

     

    Interest expense (income), net

     

    (53

    )

     

    (28

    )

    —

     

    (161

    )

     

    (6

    )

    —

    TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES

    $

    1,726

     

    $

    1,246

     

    39%

    $

    6,700

     

    $

    6,201

     

    8%

    1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as "EBIT"), which represents Net income before Interest expense (income), net and Income tax expense. Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies.

    2 Global Brand Divisions primarily represent demand creation and operating overhead expense, including product creation and design expenses that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment.

    3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's 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. For the twelve months ended May 31, 2024, Corporate includes the restructuring charges, recognized as a result of the Company taking steps to streamline the organization. These charges primarily reflect employee severance costs. An immaterial amount of restructuring charges was recognized for the three months ended May 31, 2024.

    NIKE, Inc.

    DILUTED EARNINGS PER SHARE

    (Unaudited)

     

     

     

     

     

     

     

    THREE MONTHS ENDED

    TWELVE MONTHS ENDED

     

    5/31/2024

    5/31/2024

    DILUTED EARNINGS PER SHARE (GAAP):

    $

    0.99

     

    $

    3.73

     

    Add: Restructuring charges

     

    0.03

     

     

    0.29

     

    Tax effect of the restructuring charges1

     

    (0.01

    )

     

    (0.07

    )

    DILUTED EARNINGS PER SHARE EXCLUDING RESTRUCTURING CHARGES (NON-GAAP):2

    $

    1.01

     

    $

    3.95

     

    1 Tax effect was determined by applying the tax rate applicable to the specific item.

    2 Diluted earnings per share excluding the restructuring charges is a non-GAAP financial measure. The most comparable GAAP measure is Diluted earnings per share. The Company uses Diluted earnings per share excluding the restructuring charges to facilitate the evaluation of the Company's performance. The Company believes that providing Diluted earnings per share excluding the impacts of the restructuring charges is useful to investors for comparability between periods and allows investors to evaluate the impacts of the restructuring charges separately. For the three and twelve months ended May 31, 2023, there were no material restructuring charges impacting comparability.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240627955686/en/

    Get the next $NKE alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $NKE

    DatePrice TargetRatingAnalyst
    5/6/2025$80.00 → $70.00Market Perform
    Telsey Advisory Group
    4/30/2025$55.00Overweight → Equal Weight
    Wells Fargo
    4/15/2025$58.00Hold
    Berenberg
    3/21/2025$80.00 → $75.00Buy
    Needham
    3/19/2025Hold
    China Renaissance
    2/24/2025$75.00 → $115.00Hold → Buy
    Jefferies
    2/7/2025$102.00 → $72.00Buy → Neutral
    Citigroup
    1/10/2025$72.00 → $90.00Neutral → Overweight
    Piper Sandler
    More analyst ratings

    $NKE
    Leadership Updates

    Live Leadership Updates

    See more
    • NIKE, Inc. Appoints Treasure Heinle as Executive Vice President and Chief Human Resources Officer

      Monique Matheson, NIKE's long-tenured Chief HR Officer, will retire after 26 years with the company NIKE, Inc. (NYSE:NKE) today announced a change to its Senior Leadership Team (SLT). Treasure Heinle, Chief Talent Officer, will become the company's new Executive Vice President and Chief Human Resources Officer (CHRO). In her new role, Heinle will be responsible for leading the global HR function and managing NIKE's People vision and strategy. She succeeds Monique Matheson who has decided to retire from NIKE after 26 years with the company. This leadership change is effective January 6, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/

      11/25/24 4:15:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • NIKE, Inc. Appoints Long-Time Leaders Ann Miller as EVP, Global Sports Marketing and Rob Leinwand as EVP, Chief Legal Officer

      John Slusher, NIKE's long-tenured Sports Marketing EVP, will retire after 26 years with the company NIKE, Inc. (NYSE:NKE) today announced changes in its Senior Leadership Team (SLT), positioning the company for continued growth and success with a focus on putting sport and athletes at the forefront and driving speed and efficiency. Ann Miller, an accomplished leader with nearly 18 years of experience at NIKE, and currently Executive Vice President, Chief Legal Officer, will assume the role of Executive Vice President, Global Sports Marketing. Miller succeeds John Slusher, who will retire from NIKE later this year after 26 years with the company. "Ann possesses a unique blend of athlete m

      10/30/24 4:30:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • Browning West Requisitions Special Meeting of Gildan Activewear Shareholders to Reconstitute a Majority of the Board of Directors

      Announces Expansion of Slate to Eight Highly Qualified Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry and Governance Experience Informs Shareholders That Browning West Has Requested the Special Meeting Be Held Without Delay Urges Gildan's Board to Respect the Will of Shareholders and Not Employ Tactics to Unreasonably Delay Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares.

      1/9/24 11:15:00 AM ET
      $GIL
      $HBI
      $NKE
      $URI
      Apparel
      Consumer Discretionary
      Clothing/Shoe/Accessory Stores
      Shoe Manufacturing

    $NKE
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • NIKE, Inc. Announces Senior Leadership Changes to Accelerate Growth and Drive Win Now Action Plan

      Amy Montagne Becomes President, Nike Phil McCartney Becomes EVP, Chief Innovation, Design & Product Officer Nicole Graham Becomes EVP, Chief Marketing Officer Tom Clarke Becomes Chief Growth Initiatives Officer Heidi O'Neill to Retire NIKE, Inc. (NYSE:NKE) announced a series of strategic changes to its Senior Leadership Team (SLT), elevating experienced leaders to accelerate progress against its Win Now action plan to position the company for future growth. Elliott Hill, President and CEO, NIKE, Inc. and Heidi O'Neill, President of Consumer, Product, and Brand, have decided the Consumer, Product, and Brand leadership will now be divided into three distinct areas: Consumer and Sport, M

      5/5/25 4:15:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • NIKE, Inc. Declares $0.40 Quarterly Dividend

      NIKE, Inc. (NYSE:NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.40 per share on the Company's outstanding Class A and Class B Common Stock payable on July 1, 2025, to shareholders of record at the close of business on June 2, 2025. About NIKE, Inc. NIKE, Inc., headquartered near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.

      5/1/25 5:15:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • DJ van Hameren Joins Arctos as Operating Advisor

      Former Nike CMO and Olympic athlete to provide global brand expertise to professional sports properties as newest member of the Arctos Operating Platform Arctos, a private investment firm that provides bespoke growth capital and liquidity solutions to sports franchises (Arctos Sports) and alternative asset managers (Arctos Keystone), today announced that DJ van Hameren has joined the company as an Operating Advisor. Bringing more than 30 years of executive global brand leadership and stewardship to the role, van Hameren previously served as Chief Marketing Officer of Nike (NYSE:NKE), where he led a global team of more than 2,000 people; managed a multi-billion-dollar operating budget; and

      4/2/25 8:00:00 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary

    $NKE
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Telsey Advisory Group reiterated coverage on NIKE with a new price target

      Telsey Advisory Group reiterated coverage of NIKE with a rating of Market Perform and set a new price target of $70.00 from $80.00 previously

      5/6/25 6:44:04 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • NIKE downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded NIKE from Overweight to Equal Weight and set a new price target of $55.00

      4/30/25 8:08:13 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • Berenberg initiated coverage on NIKE with a new price target

      Berenberg initiated coverage of NIKE with a rating of Hold and set a new price target of $58.00

      4/15/25 9:00:43 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary

    $NKE
    SEC Filings

    See more

    $NKE
    Financials

    Live finance-specific insights

    See more

    $NKE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $NKE
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Nike Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - NIKE, Inc. (0000320187) (Filer)

      5/5/25 4:26:26 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • SEC Form 144 filed by Nike Inc.

      144 - NIKE, Inc. (0000320187) (Subject)

      4/24/25 9:39:52 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • SEC Form 10-Q filed by Nike Inc.

      10-Q - NIKE, Inc. (0000320187) (Filer)

      4/3/25 4:23:02 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • NIKE, Inc. Declares $0.40 Quarterly Dividend

      NIKE, Inc. (NYSE:NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.40 per share on the Company's outstanding Class A and Class B Common Stock payable on July 1, 2025, to shareholders of record at the close of business on June 2, 2025. About NIKE, Inc. NIKE, Inc., headquartered near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.

      5/1/25 5:15:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • NIKE, Inc. Reports Fiscal 2025 Third Quarter Results

      NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its third quarter ended February 28, 2025. Third quarter revenues were $11.3 billion, down 9 percent on a reported basis compared to the prior year and down 7 percent on a currency-neutral basis* NIKE Direct revenues were $4.7 billion, down 12 percent on a reported basis and down 10 percent on a currency-neutral basis Wholesale revenues were $6.2 billion, down 7 percent on a reported basis and down 4 percent on a currency-neutral basis Gross margin decreased 330 basis points to 41.5 percent Diluted earnings per share was $0.54 "The progress we made against the 'Win Now' strategic priorities we committed to 90

      3/20/25 4:15:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • NIKE, Inc. Announces Third Quarter Fiscal 2025 Earnings and Conference Call

      NIKE, Inc. (NYSE:NKE) plans to release its third quarter fiscal 2025 financial results on Thursday, March 20, 2025, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE, Inc. management will host a conference call beginning at 2:00 p.m. PT to review results. The conference call will be broadcast live over the Internet and can be accessed at https://investors.nike.com/. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, April 10, 2025. About NIKE, Inc. NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer

      2/20/25 5:15:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • VP: CORP CONTROLLER Nielsen Johanna sold $7,978 worth of Class B Common Stock (138 units at $57.81), decreasing direct ownership by 14% to 844 units (SEC Form 4)

      4 - NIKE, Inc. (0000320187) (Issuer)

      4/25/25 5:07:39 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • Director Swan Robert Holmes bought $502,756 worth of Class B Common Stock (8,600 units at $58.46), increasing direct ownership by 37% to 31,983 units (SEC Form 4)

      4 - NIKE, Inc. (0000320187) (Issuer)

      4/7/25 4:05:03 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • EXECUTIVE CHAIRMAN Parker Mark G gifted 11,295 units of Class B Common Stock, sold $12,361,582 worth of Class B Common Stock (169,732 units at $72.83) and exercised 110,000 units of Class B Common Stock at a strike of $56.40, decreasing direct ownership by 7% to 896,632 units (SEC Form 4)

      4 - NIKE, Inc. (0000320187) (Issuer)

      2/18/25 4:26:48 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • Director Swan Robert Holmes bought $502,756 worth of Class B Common Stock (8,600 units at $58.46), increasing direct ownership by 37% to 31,983 units (SEC Form 4)

      4 - NIKE, Inc. (0000320187) (Issuer)

      4/7/25 4:05:03 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • Director Rogers John W Jr bought $191,624 worth of Class B Common Stock (2,500 units at $76.65), increasing direct ownership by 8% to 34,403 units (SEC Form 4)

      4 - NIKE, Inc. (0000320187) (Issuer)

      12/30/24 4:16:00 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • Director Swan Robert Holmes bought $226,516 worth of Class B Common Stock (2,941 units at $77.02), increasing direct ownership by 16% to 20,946 units (SEC Form 4)

      4 - NIKE, Inc. (0000320187) (Issuer)

      7/1/24 4:18:02 PM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary

    $NKE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Nike Inc. (Amendment)

      SC 13G/A - NIKE, Inc. (0000320187) (Subject)

      2/9/23 11:27:44 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed

      SC 13G/A - NIKE, Inc. (0000320187) (Subject)

      2/10/21 11:28:21 AM ET
      $NKE
      Shoe Manufacturing
      Consumer Discretionary