* See additional information in the accompanying Divisional Revenues table or the Supplemental NIKE Brand Revenue table regarding this non-GAAP financial measure. "Our ability to reach consumers digitally in a variety of manners is just getting better and better as this pandemic goes on," Donahoe told analysts. Revenue grew 9% year over year to hit $11.24 billion, up from $10.33 billion a year ago. Nike delivers innovative products, experiences and services to inspire athletes. Greater China revenues increased 8 percent, or 11 percent on a currency-neutral basis, marking its sixth consecutive year of double-digit growth on a currency-neutral basis. If you've been patiently waiting for some Nike Cyber Monday deals to hit the web, we've got some very good news: the Swoosh just reloaded its sale section with an extra 25% off hundreds of … The company has a market cap of $215.5 billion. Sales rose 8.9% to … 1 Colour ₱3,149 ₱4,195. Skip to content. Our wholesale partners largely followed the same pattern and as a result, product shipments to wholesale customers were down nearly 50 percent resulting in lower total revenue and higher inventory. That helped to offset declines at its wholesale partners, the company said, and in its own brick-and-mortar stores, with fewer people feeling comfortable leaving their homes to shop due to the global health crisis. Nike said its women's category grew faster than its overall business, thanks to the launch of new yoga gear and plus-size apparel. Shop Macy's Sale & Clearance for men's clothing, Nike & shoes today! Adidas and Vans have also shown a positive turn in trends. Giannis Nike … With this momentum, Nike raised its fiscal 2021 outlook, calling for revenue to rise at a low-teens percentage year over year. Fourth quarter reported revenues were $6.3 billion, declining from prior year as the majority of NIKE-owned and partner stores in North America, EMEA and APLA were closed due to the COVID-19 pandemic. Other apparel retailers, particularly those centered around work wear and dresses, have struggled through the crisis. Nike has revealed it plans a double-digit increase in its quarterly dividend as it forecasts a sales bounce due to the Covid-19 pandemic. "These are times when strong brands get stronger," Chief Executive John Donahoe said during an earnings conference call. 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. The conference call will be broadcast live via webcast and can be accessed at http://investors.nike.com. During the fourth quarter, NIKE, Inc. repurchased 1.9 million shares for approximately $159 million before suspending share repurchase activity in March to maximize liquidity in the current dynamic environment. Data is a real-time snapshot *Data is delayed at least 15 minutes. In fiscal 2020, the Company returned $4.5 billion to shareholders, including: As of May 31, 2020, a total of 45.2 million shares had been repurchased for approximately $4.0 billion, resulting in approximately $11 billion in remaining capacity under the 2018 share repurchase program. The Nike Black Friday Sale 2020 is far from picked-over—with the infinite scroll to prove it. Direct-to-consumer sales were up 32% and digital sales were up 84%. Now add the kid-specific savings. In Greater China, nearly 100 percent of NIKE-owned stores are open. Download the PDF of the FY20 Q4 Press Release and Schedules. Nike lost $790 million, or 51 cents a share, in the fourth quarter, contrasting with earnings of $989 million, or 62 cents a share, in the year-ago quarter. Want to get Nike coupon codes and sales as soon as they're released? Today, roughly 85 percent of NIKE-owned stores are open in North America and about 90 percent in EMEA, with approximately 65 percent open in APLA or operating under reduced hours. The Nike brand is “resonating very well with consumers globally,” despite the backdrop of sales pressure from the pandemic. % to … Nike delivers innovative products, experiences and services to inspire.. Have also shown a positive turn in trends the FY20 Q4 Press Release and Schedules collection featuring!, with all geographies growing strong double-digits a positive turn in trends benefit just as from. Sales were up 32 % and digital sales were up 84 % with,. 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