Nike Q3 2020 Earnings Report
Key Takeaways
NIKE reported a 5% increase in revenue to $10.1 billion, driven by digital sales growth and strong performance in EMEA, APLA, and North America, although Greater China revenues were impacted by COVID-19. Diluted earnings per share were $0.53, which included a $0.25 non-recurring charge.
Revenues increased by 5% to $10.1 billion, or 7% on a currency-neutral basis.
Digital sales rose 36% compared to the previous year.
Diluted earnings per share were $0.53, which included a $0.25 non-recurring charge.
Greater China revenues decreased by 4% due to COVID-19 impacts.
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Nike Revenue by Segment
Nike Revenue by Geographic Location
Forward Guidance
NIKE is executing against an operational playbook that will expedite NIKE’s return to profitable, capital efficient growth leveraging our strong financial position, the strongest partnerships across the value chain in our industry, and our leading digital capabilities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income