You can learn more about the standards we follow in producing accurate, unbiased content in our. Nike said sales to wholesale customers were up 10% for the year. Most of the company's stores were open during the quarter. Each brand under Nike targets a distinct segment of consumers. Revenue and EBIT were up 6.0% and 2.8%, respectively, compared to the same three-month period a year ago., Nike's Asia Pacific & Latin America segment posted $1.1 billion in revenue during Q1 FY 2021, about 10% of total revenue. Nike designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories. The NIKE Brand segment comprises 94.6% of the company's total revenue and 94.6% of the company's total EBIT., Nike also breaks out revenue, but not profits, for its major product lines and distribution channels. By a choice he made in 2000, Thompson receives an annual retainer of $67,000 per year (instead of the $85,000 annual retainer fee paid under the standard program for Nike directors). Giving is a team sport. Jordan, with a big assist from Nike, revolutionized the marketing of NBA players in the 1980s. Each salary is associated with a real job position. The small colleges make much less money, … Nike Inc. "Form 10-K for the fiscal year ended May 31, 2019," Page 69. The people making that $180 pair of shoes and other Nike gear and apparel are mostly young women, ages 16-24.. Jordan brand sells athletic and casual footwear, apparel and accessories. According to year-end financial reports posted on The Wall Street Journal, Nike's revenue increased by 10 percent to $27.8 billion, while net income was also up by 10 percent to $2.7 billion. CEO Compensation and America's Growing Economic Divide. Accessed Oct. 25, 2020. ** Revenues for the NIKE Brand were $9.3 billion, up 9 percent on a currency-neutral basis, driven by double-digit increases in NIKE Direct, international geographies, Sportswear, Global Football and growth in North America. A negligible amount is attributable to Other, which includes revenue from licensing businesses of the Global Brand Divisions and Converse segments, and to foreign currency hedge gains and losses accounted for in the Corporate segment. Related Story Nike Inc. "Form 10-K for the fiscal year ended May 31, 2020," page 62. Footwear. The brand is currently valued at $29.6Bn, and their steady stream of income sees them making more than $25Bn in revenue every year. Plus Nike sells a lot more than just shoes. 1 Year Annualized Growth 3 Year Annualized Growth 5 Year Annualized Growth 10 Year Annualized Growth 20 Year Annualized Growth Years Of Consecutive Dividend Growth 10.37% 37.12% 81.00% 254.90% 1408.33% 1 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 part of our effort to improve the awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of Nike and its commitment to diversity, inclusiveness, and social responsibility. How Nike Reports Diversity & Inclusiveness, Europe, Middle East, and Africa (EMEA) Definition. So with that being said, how much does it cost for Nike to stay ahead of the competition? EBIT was $280 million, about 9% of the total. The company expects the leadership changes to result in a net loss of jobs across the company, which will result in pre-tax one-time employee termination costs of somewhere between $200 million to $250 million.. 2018 – Number of Nike retail stores has reached 1,182; – 392 in US and 790 overseas. Net income rose 11.0% in Q1 FY 2021 compared to the same quarter a year ago. Since, Nike has transformed the brand into a $1.4 billion business—and this year’s revenue is on pace to surpass that number. Women seem to make up the majority of workers in most Nike factories around the world. But Kipchoge is Kenyan whereas Rupp has been the male face of American distance running for much of this decade, and as a result, our agents guessed that Nike pays Rupp over $200,000 per year … CEO Mark Parker is taking a 71% cut this year. Rolex has been Federer's sponsor since 2003, their contract is $8 million worth every year and there is no deadline set. Accessed Oct. 25, 2020. Nike reports both revenue and EBIT, its primary measure for evaluating operating performance, for its geographic business segments. The data reported in the pie charts above and in the breakdowns below exclude segments with negative revenue or negative profits. Snopes asked Nike for a response to the claims in Fournier’s tweet. Nike reported a loss of $790 million, or 51 cents per share, during the period ended May 31, compared with net income of $989 million, or earnings of 62 cents a share, a year … The majority of Nike's products are manufactured by independent contractors, and are sold either direct-to-consumers through Nike retail outlets and digital platforms, or through independent distributors, licensees, and sales representatives., Nike, which is based in Oregon, has a large number of major global rivals, including Adidas AG (ADDYY), ASICS Corp. (7936), Lululemon Athletica Inc. (LULU), Puma SE (PUMSY), and Under Armour Inc. (UAA)., Nike posted net income of $1.5 billion on $10.6 billion of revenue during Q1 of its 2021 fiscal year (FY), ended August 31, 2020. Born Colin Rand Kaepernick to Heidi Russo, he was adopted by Rick and Teresa Kaepernick and moved to California at a young age. Industrialization is the process in which a society transforms itself from a primarily agricultural society into an economy based on manufacturing. Average Nike hourly pay ranges from approximately $10.40 per hour for Assembler to $46.24 per hour for Senior Software Engineer. Jordan products target baseball fans. Nike Inc. "NIKE, INC. REPORTS FISCAL 2021 FIRST QUARTER RESULTS," Page 2. The 34-year-old Los Angeles Lakers star clearly has a mind for business and his Nike deal is the score of a lifetime. Revenue and profit figures for Nike have steadily risen between 2005 and 2014, with revenues growing approximately 100 percent from $13.7 billion in 2005. Some of those partnerships involve jaw-dropping amounts of money, like the lifetime partnership LeBron James signed with Nike in 2015. The like-for-like sales number indicates the growth or decline in revenue of products or stores with similar characteristics and historical sales periods of operation. NIKE average salary is $114,840, median salary is $110,020 with a salary range from $53,000 to $600,000. Net income rose 11.0% in … The company's profit margin has exceeded that 100 percent growth over the same span, rising from $1.2 billion to $2.7 billion. Investopedia requires writers to use primary sources to support their work. Nike Inc. "NIKE, INC. REPORTS FISCAL 2021 FIRST QUARTER RESULTS," Page 1. Though, in Pakistan, as of 1996, children were sewing Nike soccer balls for $0.60 a day. Nike Inc. "Form 10-K for the fiscal year ended May 31, 2019," Page 103. Year-over-year (YOY) describes how investors can see a difference in financials or information of a company between comparable quarters or years. Accessed Aug. 24, 2020. Federer was earning $10 million a year by Nike from 2008 to 2018. NIKE salaries are collected from government agencies and companies. Their shoes are comfortable and sturdy at the same time with expertise in kee… Nike, Inc. employees with the job title Finance Director make the most with … And, keep in mind, $2.5 billion of Nike's earnings come from Jordans , which average closer to $200 per pair. The share of revenue generated by each of Nike's product lines, for example, is: Footwear (68.7%); Apparel (27.3%); Equipment (3.6%); and Other. NIKE is one of the world’s largest supplier of athletic shoes and apparels and a major manufacturer of sports equipment, with revenues in excess of US$30 billion in its fiscal year 2015 (ending May 31, 2015). Accessed Oct. 25, 2020. The only down year for revenue out of that same span was between the 2009 and 2010 fiscal years, which was when revenues dropped slightly from $19.18 billion to $19.01 billion. In turn, those figures for 2013 were up 9 percent and 8 percent, respectively, over those of the 2012 fiscal year. This trend is one that has persisted for much of the last decade. To really put it into perspective, it's about $8 million a day, or $300,000 per hour, or $100 a second. The segment posted a $853 million loss before interest and taxes as revenue fell 33.3%., Nike's Converse segment is engaged in the design, distribution, licensing and sale of casual sneakers, apparel and accessories under the following trademarks: Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell. The segment posted $563 million in revenue during Q1 FY 2021, comprising about 5% of the total. Below is a table of potential diversity measurements. NIKE Business Segments. Only Footwear generated higher revenue in Q1 FY 2021 compared to the year-ago quarter.. He then became a four-year college football standout at the University of Nevada from 200… Cost of Goods Sold: Cost of sales as a % of revenue was lower at 54.5% in Q4 2019 compared to 55.3% in the year-ago period, driven by higher average selling prices and growth in NIKE … The history of NIKE is a true American success story. Most of Nike's sales are generated by selling footwear to wholesale customers in North America. The U.S. Supreme Court: Who Are the Nine Justices on the Bench Today? A free inside look at NIKE salary trends based on 7068 salaries wages for 2111 jobs at NIKE. EBIT was $688 million, comprising about 22% of the total. With numerous shoe offerings and constant advancements in technology, Nike has been one of the most successful businesses. Nike Inc. "Form 10-Q for the quarterly period ended August 31, 2020," Page 18. As explained by the company, the revenue and profit figures include income from both the Nike and Converse brands. EBIT was $692 million, about 22% of the total. Sales to wholesale customers increased 10%. The Intralinks Deal Flow Predictor (DFP) is a leading indicator of merger and acquisition (M&A) announcements. Accessed Oct. 25, 2020. He will make $13.9 million, mostly from stock and option awards, according to … Nike's business continues to be adversely impacted by the COVID-19 pandemic. As one of the largest and most recognizable sports brands on the planet, it is of no surprise that Nike invests significant sums into its promotional campaigns each year. It reported $168 million in EBIT, about 5% of the total. Accessed Oct. 25, 2020. Nike Inc. "Form 10-Q for the quarterly period ended August 31, 2020," Page 19. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Accessed Feb. 29, 2020. The well-known conferences earn the biggest chunk of the cash, with Louisville and the University of Arizona making more than $40 million last year. Nike Golf, and Umbro (a leading U.K. based football/soccer brand). Nike's direct-to-consumer sales business grew in Q1 FY 2021, while sales from its wholesale business fell. Salaries posted anonymously by NIKE employees. According to the map, 79.4% of the 463,561 Nike workers in Vietnam are women, as of February 2019. These figures are up 10 percent from those in the 2013 fiscal year, when net income was $2.5 billion out of $25.3 billion in gross revenue, according to figures from GuruFocus. For the fiscal year ending on May 31, 2014, Nike, Inc., had a net income of $2.7 billion out of $27.8 billion in worldwide revenue. For the fiscal year ending on May 31, 2014, Nike, Inc., had a net income of $2.7 billion out of $27.8 billion in worldwide revenue. We also reference original research from other reputable publishers where appropriate. Nike Inc. "Form 10-K for the fiscal year ended May 31, 2019," Page 73. Direct to Consumer was the only distribution channel that grew in Q1 FY 2021, rising 12.0% compared to the same quarter a year ago., Nike announced in late July a series of senior leadership changes as part of its Consumer Direct Acceleration (CDA) program. Meantime, Nike said its women's business was up double-digits for the year and accelerated as fiscal 2019 went on. Accessed Feb. 29, 2020. Revenue grew 1.4% while EBIT rose 21.7% compared to the year-ago quarter., Nike's Corporate segment revenue primarily consists of foreign currency hedge gains and losses related to revenues generated by Nike's other operating segments. The segment posted revenue of $13 million in Q1 FY 2021, comprising a scant 0.1% of total revenue. NOAA Hurricane Forecast Maps Are Often Misinterpreted — Here's How to Read Them. Learn how we give through grants, donations, and awards As these figures have risen, so too has diluted earnings per share, climbing from 1.12 in May of 2005 to 2.97 by the end of the 2014 fiscal year. The segment's revenue fell 1.6% while EBIT rose 18.4% compared to the year-ago quarter., Nike's Europe, Middle East & Africa segment posted $2.9 billion in revenue during Q1 FY 2021, comprising about 27% of total revenue. Accessed Feb. 29, 2020. Revenue fell by 0.6% compared to the year-ago quarter. Lower selling and administrative expenses offset the decline in gross margin and revenue, helping to boost net income., Nike noted that it continues to experience declines in physical retail traffic in its stores due to the impacts of COVID-19 and safety-related measures. Revenue and EBIT fell 18.3% and 17.9%, respectively., Nike's Global Brand Divisions segment revenue is primarily attributable to NIKE Brand's licensing businesses that are not part of any of the geographic segments, demand creation and operating overhead expense, and costs associated with its global digital operations and enterprise technology. The division posted $4 million in revenue during Q1 FY 2021, making up less than 0.1% of total revenue. A COVID-19 Prophecy: Did Nostradamus Have a Prediction About This Apocalyptic Year? Nike is making some big pay cuts. We examined the data Nike releases to show you how it reports the diversity of its board and workforce to help readers make educated purchasing and investing decisions. Converse has seen … According to this chart, it costs Nike an average of $28.50 to make a sneaker that will retail for $100. How much does Nike in the United States pay? Nike Inc. (NKE) is a global company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories, and services. What Does the Like-for-Like Sales Number Show? As explained by the company, the revenue and profit figures include income from both the Nike and Converse brands. NIKE salary statistics is not exclusive and is for reference only. improve the awareness of the importance of diversity in companies, Form 10-K for the fiscal year ended May 31, 2019, Form 10-Q for the quarterly period ended August 31, 2020, NIKE, INC. REPORTS FISCAL 2021 FIRST QUARTER RESULTS, Form 10-K for the fiscal year ended May 31, 2020, Nike Announces Senior Leadership Changes to Unlock Future Growth Through the Consumer Direct Acceleration. Nike Inc. "Nike Announces Senior Leadership Changes to Unlock Future Growth Through the Consumer Direct Acceleration." The company also said that it experienced strong growth in its digital sales., Nike breaks its financial metrics into three categories: NIKE Brand; Converse; and Corporate. However, this was a positive trending year for net income because the declining revenue was offset by a lower cost of goods sold. ; Nike's designers are not afraid of being bold – as evidenced by their “green grass” golf shoes that hit the market in January 2019: Although primarily designed for athletic use, many of its products are worn for casual or leisure activities. NIKE Direct) (36.1%); and a negligible amount from the rest. The segment reported a loss before interest and taxes of $497 million despite a 44.4% rise in revenue., Nike also breaks down the share of revenue from its distribution channels: Sales to Wholesale Customers (63.6%); Sales through Direct to Consumer (i.e. Salaries at Nike, Inc. range from an average of $56,501 to $145,496 a year. These include white papers, government data, original reporting, and interviews with industry experts. 8 Simple Ways You Can Make Your Workplace More LGBTQ+ Inclusive, Fact Check: “JFK Jr. Is Still Alive" and Other Unfounded Conspiracy Theories About the Late President’s Son. The CDA program, first announced in June, aims to accelerate its digital transformation in order to generate long-term growth and profitability. 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. But as it admits, it pays back 96% of the money to conferences and schools. Their most prominent innovation in the shoe business has got to be the development of air cushioning, external heel counter, shock absorption, and the fit frame technology. EBIT came in at $1.3 billion, comprising almost 42% of the total. In addition to playing football, Kaepernick was a star baseball player at John H. Pittman High School (Turlock, California), a sport he excelled at so much he was selected in the 2009 MLB Draft. The average Nike salary ranges from approximately $20,000 per year for Cashier to $300,000 per year for Machine Operator. Europe, Middle East, and Africa (EMEA) is a geographical division used by many multinational corporations. NIKE reports its revenues for the following business segments: source: sompaisoscatalans.cat. In China, new workers are illegally forced to pay one month's salary as a "deposit" which is forfeited if they do not work for a whole year. Nike Inc. "Form 10-Q for the quarterly period ended August 31, 2020," Page 1. His original five-year Nike deal paid $500,000 annually, plus royalties. Nike's North America segment posted $4.2 billion in revenue in Q1 FY 2021, comprising nearly 40% of total revenue. Nike posted net income of $1.5 billion on $10.6 billion of revenue during Q1 of its 2021 fiscal year (FY), ended August 31, 2020. Accessed Aug. 24, 2020. Nike (NYSE:NKE) is the biggest seller of athletic apparel and footwear in the world. It shows whether Nike discloses its data about the diversity of its board of directors, C-Suite, general management, and employees overall, as is marked with a ✔. - NIKE Direct revenues were $11.8 billion, up 16 percent on a currency-neutral basis, driven by a 35 percent increase in digital commerce sales, 6 percent growth in comparable store sales as well as the addition of new stores. The global shoe brand — which made $25.3 billion in revenue during fiscal year 2013 — threatened to leave Oregon, where it has deep roots in the community, without tax breaks.This past December the state passed a bill that will only tax Nike on a portion of its sales over the next 30 years. Nike Inc. "Form 10-K for the fiscal year ended May 31, 2019," Page 99. They were referred to the company’s code of conduct and the Nike manufacturing map. Sponsors make the world of professional sport go ’round and athletes are the key players. In 2020 alone, Nike… According to Matt Powell , Nike spends about $2.8 million on marketing. It also shows whether Nike breaks down those reports to reveal the diversity of itself by race, gender, ability, veteran status, and LGBTQ+ identity. Revenue and EBIT for the quarter rose 4.9% and 13.6%, respectively., Nike's Greater China segment posted $1.8 billion in revenue in Q1 FY 2021, nearly 17% of total revenue. Accessed Feb. 29, 2020. Revenues for NIKE, Inc. increased 13 percent to $9.8 billion, up 8 percent on a currency-neutral basis. Accessed Oct. 25, 2020. A revenue ton mile is an important metric in the transport industry that measures the amount of freight shipped and how far it's moved. The NIKE Brand also is further broken down into geographical segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; and Global Brand Divisions. Nike Inc. 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