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Feb 28, 2021
Nike Q3 2021 Earnings Report
Nike's third quarter results for fiscal year 2021 were reported, revealing revenue growth driven by Greater China and digital sales, but impacted by supply chain challenges in North America.
Key Takeaways
NIKE, Inc. reported a 3% increase in revenue to $10.4 billion, with Greater China leading the growth. Digital sales surged, but North America faced declines due to supply chain disruptions. Gross margin improved, and diluted earnings per share rose to $0.90.
NIKE's third quarter revenue increased by 3% to $10.4 billion, but decreased 1% on a currency-neutral basis.
NIKE Direct sales increased 20%, while NIKE Brand digital sales increased 59%.
North America revenue declined 10% due to supply chain challenges.
Gross margin increased 130 basis points to 45.6%.
Nike
Nike
Nike Revenue by Segment
Nike Revenue by Geographic Location
Revenue by Segment
Nike Brand Revenue
CapyFin.comConverse Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comGreater China Revenue
CapyFin.comAPLA Revenue
CapyFin.comGlobal Brand Divisions Revenue
CapyFin.com Forward Guidance
NIKE anticipates continued growth and strategic execution, but faces risks and uncertainties that could affect future results.
Positive Outlook
- Accelerating innovation.
- Creating a seamless, premium marketplace.
- Strong brand momentum.
- Driving focused growth.
- Value of a more direct, digitally-enabled strategy.
Challenges Ahead
- Disruption related to the COVID-19 pandemic.
- Global container shortages.
- U.S. port congestion.
- Mandatory COVID-19 related store closures.
- Risks and uncertainties that could cause actual results to differ materially.
Revenue & Expenses
Visualization of income flow from segment revenue to net income