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Nike
🇺🇸 NYSE:NKE
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Aug 31, 2020

Nike Q1 2021 Earnings Report

Nike's first quarter results for fiscal year 2021 showed a slight revenue decrease but strong digital growth and improved earnings per share.

Key Takeaways

Nike reported a slight decrease in revenue but experienced strong growth in digital sales. The company's earnings per share increased, driven by lower selling and administrative expenses. Nike is focused on accelerating its digital transformation and normalizing marketplace supply and demand.

First quarter revenues were $10.6 billion, down 1 percent on a reported basis.

NIKE Direct sales were $3.7 billion, up 12 percent.

NIKE Brand digital sales increased 82 percent.

Diluted earnings per share for the quarter was $0.95, up 10 percent.

Total Revenue
$10.6B
Previous year: $10.7B
-0.6%
EPS
$0.95
Previous year: $0.86
+10.5%
Gross Margin
44.8%
Previous year: 45.7%
-2.0%
Demand Creation Expense
$677M
Previous year: $1.02B
-33.5%
Operating Overhead Expense
$2.3B
Previous year: $2.31B
-0.5%
Gross Profit
$4.74B
Previous year: $4.87B
-2.7%
Cash and Equivalents
$8.15B
Previous year: $3.45B
+136.4%
Free Cash Flow
$706M
Previous year: $110M
+541.8%
Total Assets
$33.3B
Previous year: $26.2B
+26.7%

Nike

Nike

Nike Revenue by Segment

Nike Revenue by Geographic Location

Forward Guidance

NIKE is recovering faster based on accelerating brand momentum and digital growth, as well as our relentless focus on normalizing marketplace supply and demand.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Nike