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Annual revenues exceed $12.26 billion; 2005 Nike reports annual revenue for fiscal year 2005 (ending May 31) of $13.74 billion, a 12% increase over the previous fiscal year. Nike Signs Tennis Pro Rafael Nadal. Nike introduces Nike Free. 2006 Nike enters the cricket market with a 5-year sponsorship of the Indian cricket team for US$43m. 2007
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Since the start of September, analysts have cut their full-year sales expectations for Nike to $49.85 billion from $50.34 billion. Nike sales likely to suffer as inflation hits sneakerheads Skip ...
Nike's overall positive performance involved strong results from its digital and direct-to-consumer (DTC) businesses: The company's direct sales were $4.6 billion, up 15% from a reported basis and ...
NIKE (NKE) Q4 results reflect gains from resumed store operations and sporting activities. Continued momentum in the digital business and brand demand also significantly aid results.
In 2017, Parker took a 71% pay cut due to a year of poor sales at Nike and the layoff of 1,000 employees. [17] Subsequently, his earnings were $13.9 million from stock and options. [18] In 2019, Parker was criticized by certain right wing media commentators for his embrace of Nike endorser Colin Kaepernick. [19]
Shares of Nike plunged after the sneaker giant cut its full-year guidance and said it expects sales to drop 10% during its current quarter.
Nike's direct-to-consumer sales declined 8% from the same quarter a year ago to $5.1 billion. "Fiscal [2025] will be a transition year for our business," Nike CEO John Donahoe said during the ...