Nike Beats Estimates in 4Q Earnings: Revenue Up 4.8%, North America and Greater China See Big Gains

• Nike reported 4th quarter revenue of $12.83 billion, beating the estimated $12.59 billion.
• Revenue in North America was $5.36 billion, +4.7% y/y and revenue in EMEA was $3.35 billion, +3% y/y.
• Revenue in Greater China was $1.81 billion, +16% y/y and Asia Pacific & Latin America revenue was $1.70 billion, +0.8% y/y.
• Global Brands revenue was $14 million, -71% y/y, Converse revenue was $586 million, -1.2% y/y, and Footwear revenue was $8.55 billion, +7% y/y.
• Apparel revenue was $3.23 billion vs. $3.24 billion y/y, Equipment revenue was $430 million, +11% y/y, and Direct sales was $5.5 billion, +15% y/y.
• EPS was 66c vs. 90c y/y and Gross margin was 43.6% vs. 45% y/y.
• Inventory was $8.45 billion, +0.4% y/y and the Effective tax rate was 17.3% vs. 4.7% y/y.
• Cash and cash equivalents was $7.44 billion, -13% y/y.
• Analysts have rated the stock with 25 buys, 13 holds, and 4 sells.

A look at Nike Smart Scores

Nike, Inc., a leading athletic footwear and apparel company, is set for a strong long-term outlook. According to the Smartkarma Smart Scores, Nike has scored a 3 for Growth, Momentum, and Resilience, and a 2 for Value and Dividend. This indicates that Nike is well-positioned to capitalize on future growth opportunities and maintain its position as a market leader.

The company designs, develops, and markets athletic footwear, apparel, equipment, and accessories for men, women, and children, and sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors. With its solid long-term outlook, Nike is well-positioned to continue to innovate and stay ahead of the competition in the marketplace.

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