NIKE: Consumer direct and digital transformation drive exceptional growth across the business.
A core GPM holding for many years, NIKE has iconic brands with remarkable underlying strengths. For decades, NIKE has been a strong promoter of sport participation and an active lifestyle through inspiration and innovation. We believe NIKE's growth has been and will continue to be driven by three key focus areas; connecting deeply with consumers through compelling brand experiences across Nike, Jordan, and Converse; a top-of-class team with second to none product innovation aimed at growth opportunities; and continuing to flex muscle strength to leverage a true digital advantage.
About NIKE
NIKE is the world's largest athletic footwear and apparel brand with global sales of $44.5 billion last year.
NIKE is the largest women’s apparel brand in the world with segment revenue of approximately $8.5 billion.
Total Assets: $37.7 billion. Cash and Equivalents: $13.5 billion (5/31/21).
Worldwide employees: ~75,000 (May 2020).
NIKE reported exceptionally strong results for the fourth quarter and year ended May 31, 2021. Here are a few highlights:
Record quarterly revenue: $12.3 billion. Full year revenue: $44.5 billion, up 19% over the prior year. Management expects revenue of $50.0 billion this year.
Every reporting region worldwide posted solid growth in the quarter and year.
“NIKE’s strong results this quarter and full fiscal year demonstrate NIKE’s unique competitive advantage and deep connection with consumers all over the world,” said John Donahoe, President & CEO, NIKE, Inc. “
“NIKE’s brand momentum is a testament to our authentic consumer connections, digital strength and continued operational execution,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. “As we advance our consumer-led digital transformation, we are building a new financial model that will continue to fuel long-term sustainable, profitable growth for NIKE.”
NIKE, INC. REPORTS FISCAL 2021 FOURTH QUARTER
AND FULL YEAR RESULTS - press release.
