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NKE Nike

NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories.

Company profile

Ticker
NKE
Exchange
Website
CEO
John Donahoe
Employees
Incorporated
Location
Fiscal year end
Former names
NIKE INC
SEC CIK
IRS number
930584541

NKE stock data

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Calendar

2 Apr 21
17 Jun 21
31 May 22
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 20 May 19 May 18 May 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Nike earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.52B 8.52B 8.52B 8.52B 8.52B 8.52B
Cash burn (monthly) 39.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 145.14M n/a n/a n/a n/a n/a
Cash remaining 8.37B n/a n/a n/a n/a n/a
Runway (months of cash) 211.0 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Matthew Friend Class B Common Stock Sell Dispose S No Yes 131.54 7,016 922.88K 65,837.324
10 Jun 21 Matthew Friend Class B Common Stock Payment of exercise Dispose F No No 130.98 6,336 829.89K 72,853.324
3 Jun 21 Matthew Friend Class B Common Stock Sell Dispose S No Yes 133.2 9,032 1.2M 79,189.324
3 Jun 21 Campion Andrew Class B Common Stock Sell Dispose S No Yes 133.2 14,307 1.91M 103,675.291
1 Jun 21 Matthew Friend Class B Common Stock Payment of exercise Dispose F No No 134.51 6,038 812.17K 88,221.324

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

79.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2123 2143 -0.9%
Opened positions 142 301 -52.8%
Closed positions 162 99 +63.6%
Increased positions 916 807 +13.5%
Reduced positions 764 773 -1.2%
13F shares
Current Prev Q Change
Total value 134.65B 145.65B -7.6%
Total shares 1.01B 1.03B -1.6%
Total puts 13.08M 17.2M -24.0%
Total calls 15.63M 12.83M +21.8%
Total put/call ratio 0.8 1.3 -37.6%
Largest owners
Shares Value Change
Vanguard 104.16M $13.84B +0.2%
BLK Blackrock 94.64M $12.58B +1.6%
STT State Street 55.05M $7.33B +0.8%
FMR 29.8M $3.96B -4.2%
TROW T. Rowe Price 26.86M $3.57B -8.3%
BK Bank Of New York Mellon 26.8M $3.56B +1.0%
Alliancebernstein 20.04M $2.66B +9.0%
Geode Capital Management 20.02M $2.65B +4.8%
NTRS Northern Trust 19.21M $2.55B -2.2%
Jennison Associates 17.7M $2.35B -13.4%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -13.45M EXIT
Wellington Management 17.05M -3.51M -17.1%
JPM JPMorgan Chase & Co. 13.92M +3.34M +31.6%
Jennison Associates 17.7M -2.75M -13.4%
MS Morgan Stanley 16.8M -2.7M -13.8%
TROW T. Rowe Price 26.86M -2.44M -8.3%
Melvin Capital Management 1M -2.35M -70.2%
Jackson Square Partners 1.59M -1.91M -54.7%
1832 Asset Management 1.93M -1.8M -48.3%
D1 Capital Partners 1.68M +1.68M NEW

Financial report summary

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Risks
  • Special Note Regarding Forward-Looking Statements and Analyst Reports
  • Our financial condition and results of operations have been and are expected to continue to be adversely affected by the coronavirus pandemic.
  • Global economic conditions could have a material adverse effect on our business, operating results and financial condition.
  • Our products, services and experiences face intense competition.
  • Failure to maintain our reputation, brand image and culture could negatively impact our business.
  • Our business is affected by seasonality, which could result in fluctuations in our operating results.
  • If we are unable to anticipate consumer preferences and develop new products, we may not be able to maintain or increase our revenues and profits.
  • We rely on technical innovation and high-quality products to compete in the market for our products.
  • Failure to continue to obtain or maintain high-quality endorsers of our products could harm our business.
  • Economic factors beyond our control, and changes in the global economic environment, including fluctuations in inflation and currency exchange rates, could result in lower revenues, higher costs and decreased margins and earnings.
  • We may be adversely affected by the financial health of our customers.
  • Failure to accurately forecast consumer demand could lead to excess inventories or inventory shortages, which could result in decreased operating margins, reduced cash flows and harm to our business.
  • Our NIKE Direct operations have required and will continue to require a substantial investment and commitment of resources and are subject to numerous risks and uncertainties.
  • If the technology-based systems that give our consumers the ability to shop or interact with us online do not function effectively, our operating results, as well as our ability to grow our digital commerce business globally or to retain our customer base, could be materially adversely affected.
  • We rely significantly on information technology to operate our business, including our supply chain and retail operations, and any failure, inadequacy or interruption of that technology could harm our ability to effectively operate our business.
  • We are subject to a complex array of laws and regulations and litigation and other legal and regulatory proceedings, which could have an adverse effect on our business, financial condition and results of operations.
  • Changes to U.S. or other countries' trade policies and tariff and import/export regulations or our failure to comply with such regulations may have a material adverse effect on our reputation, business, financial condition and results of operations.
  • Failure to adequately protect or enforce our intellectual property rights could adversely affect our business.
  • We are subject to data security and privacy risks that could negatively affect our results, operations or reputation.
  • Our international operations involve inherent risks which could result in harm to our business.
  • Our products are subject to risks associated with overseas sourcing, manufacturing and financing.
  • We could be subject to changes in tax rates, adoption of new tax laws, additional tax liabilities or increased volatility in our effective tax rate.
  • Consolidation of retailers or concentration of retail market share among a few retailers may increase and concentrate our credit risk and impair our ability to sell products.
  • We are subject to the risk our licensees may not generate expected sales or maintain the value of our brands.
  • Failure of our contractors or our licensees' contractors to comply with our code of conduct, local laws and other standards could harm our business.
  • If one or more of our counterparty financial institutions default on their obligations to us or fail, we may incur significant losses.
  • We rely on a concentrated source base of contract manufacturers to supply a significant portion of our footwear products.
  • Our success depends on our global distribution facilities.
  • The market for prime real estate is competitive.
  • Extreme weather conditions and natural disasters could negatively impact our operating results and financial condition.
  • Our financial results may be adversely affected if substantial investments in businesses and operations fail to produce expected returns.
  • The success of our business depends, in part, on high-quality employees, including key personnel as well as our ability to maintain our workplace culture and values.
  • Our business operations and financial performance could be adversely affected by changes in our relationship with our workforce or changes to United States or foreign employment regulations.
  • The sale of a large number of shares of common stock by our principal stockholder could depress the market price of our common stock.
  • Changes in our credit ratings or macroeconomic conditions may affect our liquidity, increasing borrowing costs and limiting our financing options.
  • If our internal controls are ineffective, our operating results could be adversely affected.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our operating results could be adversely affected.
  • Anti-takeover provisions may impair an acquisition of the Company or reduce the price of our common stock.
  • We may fail to meet market expectations, which could cause the price of our stock to decline.
Management Discussion
  • On a currency-neutral basis, NIKE, Inc. Revenues decreased 1% for the third quarter of fiscal 2021, driven by lower revenues across North America, EMEA and APLA, partially offset by higher revenues in Greater China and Converse. Lower revenues in North America, EMEA and APLA reduced NIKE, Inc. Revenues by approximately, 4, 2 and 1 percentage points, respectively, while higher revenues in Greater China contributed approximately 6 percentage points.
  • On a currency-neutral basis, NIKE Brand footwear revenues decreased 1%, driven by declines in nearly all key categories, primarily Running and Football (Soccer), partially offset by growth in the Jordan Brand. Unit sales of footwear decreased 12% while higher average selling price (ASP) per pair contributed approximately 11 percentage points, primarily due to higher full-price ASP, on a wholesale equivalent basis, as well as the favorable impact of growth in our NIKE Direct business and higher NIKE Direct ASP.
  • Currency-neutral NIKE Brand apparel revenues decreased 1%, reflecting lower revenues in several key categories, most notably Training, partially offset by growth in Sportswear and the Jordan Brand. Unit sales of apparel decreased 11%, while higher ASP per unit contributed approximately 10 percentage points. Higher ASP per unit was primarily due to higher full-price, off-price and NIKE Direct ASPs, as well as the favorable impact of growth in our NIKE Direct business.
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New words: congestion, interrupted, mandatory, Mexico, port, rebuild, Southern, undrawn, volume, Western
Removed: basketball, criteria, dynamic, fastest, recovery, uncertainty