nike market share percentage 2020

Nike has been investing more recently in boosting its online operations, which include its mobile apps, such as SNKRS, and driving sales at Nike stores. Given the heavy competition and the (relatively) sluggish digital sales growth, Nike could take a while to cross the $50 billion mark. The company is valued at roughly $157.9 billion. Nike’s women’s business has been outpacing its men’s business of late, seeing growth in the double-digit territory in recent quarters. Historical daily share price chart and data for NIKE since 1980 adjusted for splits. 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. A Division of NBCUniversal. Nike's direct sales were up 17% during the quarter. But sales growth in North America comes in slightly weaker than expected. Gross margins rose 20 basis points to 44%, slightly less than expectations for 44.1%. Parker, meantime, is set to become Nike's executive chairman, having worked at Nike for four decades. Just 850+ stores generate over $27 billion of revenues every year. 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. Nike's growth on its home turf in North America came in slightly weaker than expected. adidas's 9% share has been declining every year since 2011. As a brand, their global market share is expected to be near 30% by the end of the decade. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. © 2020 CNBC LLC. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. Nike in November said it was no longer going to sell clothes and shoes directly to Amazon — an initiative it had been testing since 2017. Got a confidential news tip? That said, the company's e-commerce growth has since slowed down, with digital commerce sales growing by just 18% in the most recent quarter. In another sign of full-priced demand, gross margin widened by almost 1 percentage point, to 43.8%, helped partly by higher average selling prices and growth in Nike’s own direct-to- … Sign up for free newsletters and get more CNBC delivered to your inbox. The sneaker market … Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Nike's share price was above $129, and its … In the basketball segment specifically, Under Armour has emerged as a major competitor driven by Stephen Curry’s popularity. In comparison, Adidas moves just $25 million of footwear sales annually. 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. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. Seventy-seven percent of NBA players wore Nike or … Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. Announces 12 Percent Increase in Quarterly Dividend.. Get the hottest stocks to trade every day before the market … The company has dealt with intense competition in the footwear market, primarily from Adidas and Under Armour, in the last few quarters. Nike also blamed tariffs for higher product prices, which weighed on profitability. 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.". For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. Looking to the full year, Nike said it is calling for revenue, on a currency neutral basis, to rise close to a low double-digit rate. He will be replaced in 2020 by John Donahoe, a current Nike board member and formerly the CEO of eBay. 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. EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Crisis Catalyzes Demand For Digital Infrastructure, MoneyStamps Of South America - As Investments, They’re Different – Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, Covid-19 Virus Affect On The Stamp Market. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. The brand’s percentage contribution to Nike’s top line has come down over the last five years. Nike, one of the leading sportswear manufacturers in the world, is the key player within the footwear market in the United States. In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines. Nike shares, as of Thursday's market close, are up more than 36% this year. The company has dealt with intense competition in the footwear market… 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 … • List of NKE Competitors With net margin of 14.33 % company achieved higher profitability than its competitors. Opinions expressed by Forbes Contributors are their own. Finally, Kernan noted that Nike “appeared to be one of the least promotional among our coverage list for Black Friday/Cyber Monday promotions. 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 -7.43 %, recorded in the same quarter. Started as a small re-seller of an obscure Japanese running shoe (which later became Asics) line in a small shop in Santa Monica, NIKE has grown exponentially over the years into one of the world's most recognizable (and profitable) brands. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company report on November 20, 2020 that NIKE, Inc. The latest closing stock price for NIKE as of December 17, 2020 is 140.50. The all-time high NIKE stock closing price was 140.50 on December 17, 2020. The company has emphasized creating apparel specifically for women, and now operates several “women’s only” Nike stores. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. That is a massive disparity. Embed them in your own posts using the Trefis WordPress Plugin. Their annual athletic footwear sales total $90 million. ... Top Stocks to Buy in 2020; Stock Market News; ... Nike's earnings per share were higher by 11% from last year's fiscal second quarter. The Athleisure market has seen strong growth in recent years, and Nike is looking to tap into that demand to drive further growth in its women's apparel sales. 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 annual/quarterly revenue history and growth rate from 2006 to 2020. The NIKE 52-week high stock price is 140.74, which is 0.2% above the current share … The history of NIKE is a true American success story. NIKE 2019 annual EPS was $2.49 , a 112.82% increase from 2018. Nike on Thursday reported quarterly earnings and sales that beat analysts' expectations, as more customers flocked to its stores for limited-edition Jordan sneakers and ordered athletic apparel from its website. Started as a small re-seller of an obscure Japanese running shoe (which later became Asics) line in a small shop in Santa Monica, NIKE has grown exponentially over the years into one of the world's most recognizable (and profitable) brands. As high as that may seem, the company was on course through fiscal 2016, largely because Nike began offering its e-commerce capabilities in new markets. Nike stock price had increased by 511% in a decade. In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines. The Swoosh was even more dominant in the lifestyle basketball category, with a 96% share. 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. What’s more, e-commerce sales growth has been declining each quarter in the year so far, which makes achieving the target that much more difficult. Nike's quarterly earnings and sales top analysts' estimates. E-commerce accounts for a large part of Nike’s growth strategy. At present, Nike’s Women’s category consists of about 29% of total Men and Women’s sales. Most people associate footwear with the Nike brand and rightly so. ET by MarketWatch Automation Under Armour Inc. Cl … View Interactive Institutional Research (Powered by Trefis): Global Large Cap | U.S. And it said digital sales were up a whopping 38%, thanks to a boost at the start of the holiday shopping season. Nike said it saw strength across all geographies. All Rights Reserved. For the three-month period ended Nov. 30, Nike reported net income of $1.25 billion, or 78 cents per share, up from $1.12 billion, or 70 cents a share, a year earlier. What do Nike and Adidas have planned for the future? Data is a real-time snapshot *Data is delayed at least 15 minutes. The percentage of the American athletic footwear market owned by NIKE Inc. - so that includes Nike, Jordan Brand and Converse. thleisure market has seen strong growth in recent years, and Nike is looking to tap into that demand to drive further growth in its women's apparel sales. Headquartered in Beaverton, Oregon, Nike has a market capitalization of around $203 billion as of early November 2020. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. 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. But sales in North America overall still came up short. The results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. The company calls out strength in its Jordan brand. NIKE 2020 annual EPS was $1.6 , a 35.74% decline from 2019. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. Net income rose to $1.12 billion, or 70 cents a share, in the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a year ago. The team was previously considered to be the best in the world. To really achieve its ambitious target, Nike likely needs to focus on increasing sales abroad, considering the competitive pressures in the domestic market. NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you. ComScore digital trends in October 2020 reflected robust growth, up 20 percent year-over-year above September 2020. Nike has placed growth in the women’s segment high on its priority list going forward. Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others. The company had a market capitalization of $143.6 billion as of February 2020. The company hopes to build the business to $11 billion by 2020, from $5.7 billion in 2015. Published by Tugba Sabanoglu, Nov 27, 2020 Nike, one of the leading sportswear manufacturers in the world, is the key player within the footwear market in the United States. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. This has put some pressure on Nike’s revenue growth over the last few quarters. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. Nike's total quarterly revenue was $11.24 billion, up 9% from a year earlier. 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 results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. Nike shares, as of Thursday's market close, are up more than 36% this year. Vanguard Group owns 109.2 million shares of Nike, representing 7.0% of total shares outstanding, according to the company's 13F filing for the period ending March 31, 2020. Nike in October abruptly announced that Parker will be stepping down in January. They climbed 5.3% during the period, reaching $3.98 billion. Revenue was up about 10% to $10.33 billion from $9.37 billion a year ago, beating expectations for $10.09 billion. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Analysts had been calling for 8% growth. … The numbers that Nike is able to bring in are staggering. Here’s how they’re going to be able to do it. Earnings per share: 70 cents vs. 58 cents expected, Revenue: $10.33 billion vs. $10.09 billion expected. By 2020, it is expected to grow an additional 12 percent CAGR (compound annual growth rate) with sales expected to reach $8 billion. Hundreds of Nike employees marched in protest of the company's treatment of women at its headquarters earlier this month. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Here's how Nike performed during the latest quarter compared with what analysts were expecting, based on Refinitiv data: "I've never been more optimistic about the future of this company," CEO Mark Parker said. The company is valued at roughly $157.9 billion. NIKE Inc. [NYSE: NKE] loss -0.12% on the last trading session, reaching $137.41 price per share at the time. That is a massive disparity. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. Nike continues to see solid revenue and earnings growth, but has been dealing with increased competition from a resurgent Adidas, while also facing pressure from Under Armour in its basketball division in North America. 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 … 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. In 2015, Nike boldly announced its plans to cross $50 billion in sales by 2020. © 2020 Forbes Media LLC. This segment reported an EBIT margin of 24.9% in Q1 of fiscal 2020. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. You may opt-out by. A loss of 51 cents per share in 2015 nike market Cap as of December 17 2020. Primarily targets consumers who are between 18-40 years of age in slightly weaker than.. 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