12 December, 2017 - 13 December, 2017
13 January, 2018 - 16 January, 2018
Riva del Garda (Tn), Italy
15 January, 2018 - 18 January, 2018
Sao Paulo, Brazil
23 January, 2018 -
26 January, 2018 - 28 January, 2018
Nike’s fourth-quarter earnings are up 23.9% to US$865 million, or 98 cents a share, exceeding Wall Street’s consensus estimate of 83 cents a share. Broad-based revenue growth, gross margin expansion and lower tax rates have more than offset increased SG&A investments.
Revenues for Nike rose 4.7% to US$7.78 billion and diluted earnings per share increased 26% to US$0.98. Revenues for the Nike Brand were US$7.4 billion, driven by growth in nearly every geography and key category except emerging markets and global football. Nike Brand sales to wholesale customers increased 10% on a currency-neutral basis while DTC revenues grew to US$6.6 billion, up 29% excluding the impact of changes in foreign currency. This is driven by a 16% growth in comparable store sales, a 59% increase in online sales and the addition of new stores. As of May 31, 2015 the Nike Brand had 832 DTC stores in operation as compared to 768 a year ago.
Converse figures are also on the rise, up 14% on a currency-neutral basis, totalling US$435 million, mainly driven by market transitions to direct distribution in AGS (Austria, Germany and Switzerland) and strong performance in the United States.
As of the end of the fourth quarter, worldwide futures orders for Nike Brand athletic footwear and apparel are up 2% compared to the same period last year. This comprises deliveries between June and November 2015, totalling US$13.5 billion, 13% higher on a currency-neutral basis.
Gross margin expanded 120 basis points to 46%, primarily due to higher average selling prices and continued growth in the higher margin DTC business, partially offset by higher product input and logistics costs.
Also, as part of a four-year programme approved by the Board of Directors in September 2012, Nike repurchased a total of US$.8 million shares for approximately US$678 million.
“Fiscal 2015 was an outstanding year for Nike. Our consistent growth is fueled by our connection to the consumer and our ability to deliver innovation at an unprecedented pace and scale. At no time in our history has the growth potential been greater for Nike.” said Mark Parker, President and CEO.
Source: FDRA (Footwear Distributors and Retailers of America)comments powered by Disqus