Nike Revenue Growth Rate
Revenues for nike inc.
Nike revenue growth rate. Nike s revenue slipped 0 6 to 10 59 billion from 10 66 billion a year earlier but topped the 9 15 billion forecast by analysts. Nike is a sound stock based on its steady stock performance and growth in earnings per share revenue and net income strong balance sheet and management approach. It s pretty clear that analysts expect nike s revenue growth will slow down substantially with revenues next year expected to grow 3 9 compared to a historical growth rate of 6 2 over the past. The decrease in the first quarter nike inc s revenue compares unfavorably to the company s average revenue growth of 7 18.
Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Annual revenue growth comment. But there is no risk free stock. In fiscal 2019 nike s revenues grew by 7 6.
5 year and 10 year growth rates are calculated with least square regression based on the 6 year and 11 year annual numbers. Nike inc reported decrease in revenue in the first quarter by 0 62 to 10 594 00 millions from the same quarter in 2020. Nke revenue first quarter 2021 y y growth comment. Besides accelerating the revenue growth rate the company s consumer direct offense strategy is driving margins and supporting earnings growth.
Nike annual quarterly revenue history and growth rate from 2006 to 2020. The decline in company s annual sales accelerated from the 7 47 gain in the fiscal year ended 2019. Fell 4 percent to 37 4 billion down 2 percent on a currency neutral basis due to the impact of covid 19 on business operations primarily in the fourth quarter. Sales in china rose 6 it said while revenue in north america.
Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 12 month growth rate is calculated with the quarterly per share revenue ebitda fcf earnings of the last 12 months over the per share revenue ebitda fcf earnings over the previous 12 months.