Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
| Revenue (TTM) | $46.40B |
| Gross Profit (TTM) | $20.06B |
| EBITDA | $4.93B |
| Operating Margin | 12.70% |
| Return on Equity | 22.10% |
| Return on Assets | 6.97% |
| Revenue/Share (TTM) | $31.35 |
| Book Value | $10.02 |
| Price-to-Book | 3.60 |
| Price-to-Sales (TTM) | 1.14 |
| EV/Revenue | 1.198 |
| EV/EBITDA | 12.09 |
| Quarterly Earnings Growth (YoY) | 428.00% |
| Quarterly Revenue Growth (YoY) | -1.10% |
| Shares Outstanding | $1.20B |
| Float | $1.18B |
| % Insiders | 1.96% |
| % Institutions | 82.56% |
Volatility is currently contracting
Nike cofounder Phil Knight and his wife, Penny, are committing $1 billion to the Knight College of Engineering at the University of Oregon, the university announced Wednesday.
Nike's turnaround is looking like it might take a lot longer than expected, according to Bank of America.
BofA analysts say they now expect falling sales through May, dashing prior hopes for a “spring inflection.”
Bank of America (BofA) has downgraded Nike Inc (NYSE:NKE, XETRA:NKE) to 'underperform', citing worsening channel and macroeconomic pressures. The bank cut its price objective to $30 from $47, based on a price-to-earnings multiple of 16 times, down from 22 times and in line with the peer average.
Nike falls after Bank of America downgrades the stock on concerns about innovation, wholesale revenues, and softening demand.
Nike (NYSE:NKE | NKE Price Prediction) is slipping after Bank of America concluded that the sneaker giant's turnaround will arrive a full fiscal year later than expected, and the selling looks specific to the brand.
Nike remains rated Hold as valuation still reflects optimism for a turnaround despite a recent 20% stock decline. FQ1 guidance anticipates low-to-mid single-digit revenue declines but potential for slight gross margin expansion and flat SG&A. Recent China strategy shift and Skims partnership offer long-term growth catalysts, but near-term demand trends remain soft.
Nike and McDonald's are both facing challenges with consumer discretionary spending. Nike's challenges are more entrenched as the stock has been sliding for five years.
Nike (NKE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NIKE, Inc. (NYSE:NKE) will release earnings for its first quarter after the closing bell on Thursday, Oct. 1.
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