Nike Inc. Cl B balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Commission File No. Net income of $4.24 billion, a 12.8% increase over $3.76 billion. Find the latest Financials data for Nike, Inc. Common Stock (NKE) at Nasdaq.com. Nike reported its fourth-quarter earnings after the bell on Thursday, also confirming a deal it's inked with Amazon. NIKE Brand sales to wholesale customers increased 5 percent while DTC revenues grew to $9.1 billion, up 18 percent, driven by a 30 percent increase in digital commerce sales, the addition of new stores and 7 percent growth in comparable store sales. 2017 wasn't a bad year for Nike, Inc. on the stock market, where it beat the S&P 500's performance 23% to 19%. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. In 2017, Nike reported wholesale revenue of $3.1 billion from its Jordan brand alone, up 13% from the prior year, compared to total wholesale Nike … As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. Find out the revenue, expenses and profit or loss over the last fiscal year. But not all was well with Nike operationally. The effective tax rate was 13.7 percent, compared to 21.2 percent for the same period last year, primarily due to an increase in the proportion of earnings from operations outside of the United States, which are generally subject to a lower tax rate. Cash and short-term investments were $6.2 billion, $722 million higher than last year as growth in net income, proceeds from the issuance of debt in the second quarter of fiscal 2017 and proceeds from employee exercises of stock options were partially offset by share repurchases, dividends, and investments in infrastructure and working capital. During the fourth quarter, NIKE, Inc. repurchased a total of 14.9 million shares for approximately $820 million as part of the four-year, $12 billion program approved by the Board of Directors in November 2015. Revenues for NIKE, Inc. rose 6 percent to $34.4 billion, up 8 percent on a currency-neutral basis. Nike's Fiscal Q2 Set for 'Potential Upside Surprise,' And 'More Promising Revenue' After Pandemic, Morgan Stanley Says MT Newswires 12/08 10:01 ET Nike Stock Is Near All-Time Highs. The decrease in the first quarter Nike Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 7.18%. Nike Inc. was incorporated in 1967 under the laws of the state of Oregon. Nike Inc. Cl B Annual stock financials by MarketWatch. Much of this came from an increase in sales made via the internet. Gross margin declined 180 basis points to 44.1 percent as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and higher product costs. (Exact name of Registrant as specified in … The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com. Net Revenue of Nike rose to $36.4 billion in 2018 from $34.35 Billion in 2017. This change showed in their 2017 results. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 29, 2017, to review fiscal fourth quarter and full year results. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. NIKE's revenue for fiscal years ending May 2016 to 2020 averaged $35.929 billion. It will be a big year for NIKE innovation and we’ll bring those stories to life through deeper consumer connections in our key cities around the world.”**. ** The marked paragraph contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Nike has added roughly $6.7 billion to total revenue since 2015, increasing at an average annual rate of 6.5%. For the first 9 months of fiscal 2017 thus far, Nike has managed to grow its sales in the channel by around 35%, which is well below the previously targeted growth rate. Get the detailed quarterly/annual income statement for Nike, Inc. (NKE). 2017 wasn't a bad year for Nike, Inc. on the stock market, where it beat the S&P 500's performance 23% to 19%. In 2017, Nike reported wholesale revenue of $3.1 billion from its Jordan brand alone, up 13% from the prior year, compared to total wholesale Nike … Fiscal 2017 diluted earnings per share rose 16 percent to $2.51, reflecting revenue growth of 6 percent, a lower tax rate and a lower average share count which was slightly offset by lower gross margin. Not only has Nike seen impressive revenue from its … (Exact name of Registrant as specified in … View the latest NKE financial statements, income statements and financial ratios. Diluted earnings per share for the quarter rose 22 percent to $0.60 driven by global revenue growth, lower selling and administrative expense, a lower tax rate and a lower average share count which were slightly offset by lower gross margin. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. BEAVERTON, Ore., June 29, 2017 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2017 financial results for its fourth quarter and full year ended May 31, 2017. International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year. NIKE annual net income for 2018 was $1.933B, a 54.41% decline from 2017. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q, and 10-K. Download PDF of FY17 Q4 Combined Press Release and Schedules, Download PDF of FY17 Q4 Combined Schedules. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 37,420: 39,122: 36,363: 34,254: 32,464 But not all was well with Nike operationally. FOR THE FISCAL YEAR ENDED May 31, 2017 OR ¨ ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . 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