nike market share percentage 2020

That is to say that the company hopes to increase its sales by about $20 billion in a span of five years. That is a massive disparity. Nike stock price had increased by 511% in a decade. 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. The all-time high NIKE stock closing price was 140.50 on December 17, 2020. The numbers that Nike is able to bring in are staggering. 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. This has put some pressure on Nike’s revenue growth over the last few quarters. The NIKE 52-week high stock price is 140.74, which is 0.2% above the current share … The company expects to achieve about $7 billion in sales from the channel by 2020. Since the announcement in 2015, the company added e-commerce offerings in Canada, Switzerland, Norway, Chile, Turkey and Mexico. Most people associate footwear with the Nike brand and rightly so. 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. NIKE market cap as of December 17, 2020 is $217.17B . E-commerce accounts for a large part of Nike’s growth strategy. In total, the global market share for Nike is expected to be over 27% by 2020. 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 touch, read, or hear about everyday, impact its stock price. Here’s how they’re going to be able to do it. • List of NKE Competitors. At present, Nike’s Women’s category consists of about 29% of total Men and Women’s sales. Earnings per share: 70 cents vs. 58 cents expected, Revenue: $10.33 billion vs. $10.09 billion expected. 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. © 2020 Forbes Media LLC. 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 2019 annual EPS was $2.49 , a 112.82% increase from 2018. The stock on Thursday hit an all-time intraday high of $101.27. But sales in North America overall still came up short. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. 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. 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. Total sales in Greater China, excluding currency impact, grew 23% to $1.85 billion, topping estimates for $1.80 billion. Parker told analysts on Thursday that "this has been a thoughtful transition that has been planned for many months.". 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. 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. The history of NIKE is a true American success story. 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- … Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. Nike’s market share stands at about 27.4% in 2019, ahead of its industry rivals Adidas and ASICS, making Nike the world’s largest company in the global footwear market. All our contacts across the industry remain bullish on the product cycle into 2021.” So from the get-go, this target seems a little ambitious. Under Armour has been stealing market share in apparel sales for months from its older German rival and even from Nike, according to Sterne Agee. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. The company has emphasized creating apparel specifically for women, and now operates several “women’s only” Nike stores. Nike said footwear sales in North America, excluding any impacts from currency changes, were up 8% during the latest period, while apparel sales rose 1% and equipment sales were up 6%. Historical daily share price chart and data for NIKE since 1980 adjusted for splits. 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. Nike posted net income of $1.5 billion on $10.6 billion of revenue during Q1 of its 2021 fiscal year , ended August 31, 2020. Jordan. The stock on Thursday hit an all-time intraday high of $101.27. The company revealed that it hopes to grow its overall business by concentrating its resources in three main areas: e-commerce, women, and the Jordan brand. Given the heavy competition and the (relatively) sluggish digital sales growth, Nike could take a while to cross the $50 billion mark. Analysts had been calling for 8% growth. 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 company has dealt with intense competition in the footwear market… The sneaker market … The result Nike reported was a loss of 51 cents per share. The results were boosted by the Greater China market, where revenue rose 24%, while sales in North America, its biggest market, rose just 1%. 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. Nike also blamed tariffs for higher product prices, which weighed on profitability. For the quarter, net income rose 12% to $1.25 billion, or 78 cents per share. 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.". ... analysts are calling for Nike to report earnings per share in a … The percentage of the American athletic footwear market owned by NIKE Inc. - so that includes Nike, Jordan Brand and Converse. This segment reported an EBIT margin of 24.9% in Q1 of fiscal 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. The history of NIKE is a true American success story. In total, the global market share for Nike is expected to be over 27% by 2020. The Swoosh was even more dominant in the lifestyle basketball category, with a 96% share. But sales growth in North America comes in slightly weaker than expected. 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. Get this delivered to your inbox, and more info about our products and services. The latest closing stock price for NIKE as of December 17, 2020 is 140.50. The stock market held up well in a busy session. ; Nike's designers are not afraid of being bold – as evidenced by their “green grass” golf shoes that hit the market in January 2019: abruptly announced that Parker will be stepping down, no longer going to sell clothes and shoes directly. 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. Nike said it saw strength across all geographies. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. NIKE EPS for the twelve months ending August 31, 2020 was $1.69 , a 36.94% decline year-over-year. Nike has placed growth in the women’s segment high on its priority list going forward. The company calls out strength in its Jordan brand. Parker explained to CNBC at the time that Donahoe will be able to help Nike focus more on digital growth, considering his professional background. All Rights Reserved, This is a BETA experience. Nike's direct sales were up 17% during the quarter. The company report on November 20, 2020 that NIKE, Inc. When PYMNTS last measured Amazon’s take of the total eCommerce business it found that it touched just north of 50 percent for Q1 2020 in eCommerce market share (51.2 percent… From 2015 to 2016, the Indian sportswear market grew 22 percent, outpacing the segment's global increase of 7 percent according to Euromonitor. View Interactive Institutional Research (Powered by Trefis): Global Large Cap | U.S. Nike in October abruptly announced that Parker will be stepping down in January. Hundreds of Nike employees marched in protest of the company's treatment of women at its headquarters earlier this month. Nike shares, as of Thursday's market close, are up more than 36% this year. Nike Inc. Cl B stock outperforms market on strong trading day Dec. 17, 2020 at 8:03 p.m. What do Nike and Adidas have planned for the future? 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 stock continued to perform well into the 1990s. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Nike's growth on its home turf in North America came in slightly weaker than expected. That was better than the 58 cents analysts were expecting, based on Refinitiv data. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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 … Nike’s women’s business has been outpacing its men’s business of late, seeing growth in the double-digit territory in recent quarters. 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. They have nearly 4x the amount of footwear sales than their nearest competitor. … The company had a market capitalization of $143.6 billion as of February 2020. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. Nike shares, as of Tuesday's market close, have climbed more than 17% this year. Seventy-seven percent of NBA players wore Nike or … 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. Nike's total quarterly revenue was $11.24 billion, up 9% from a year earlier. 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 … Find out all the key statistics for Nike, Inc. (NKE), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Nike has said the Greater China region remains one of its greatest opportunities for growth moving forward, despite the civil unrest in Hong Kong and an ongoing trade war between the U.S. and China. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. The company hopes to build the business to $11 billion by 2020, from $5.7 billion in 2015. NIKE Inc. [NYSE: NKE] loss -0.12% on the last trading session, reaching $137.41 price per share at the time. It has been narrowing its base of wholesale partners and focusing on key accounts, such as with Foot Locker, Nordstrom and Dick's Sporting Goods. However, the fallout has extended even to Nike's own staff. Nike shares, as of Thursday's market close, are up more than 36% this year. 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