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May 31, 2020
Nike Q4 2020 Earnings Report
Nike's Q4 2020 earnings were impacted by COVID-19, with revenue decreasing due to store closures, but digital sales increased significantly.
Key Takeaways
Nike's Q4 2020 revenue decreased by 38% to $6.3 billion due to widespread store closures related to COVID-19. Digital sales grew by 75%, but were not enough to offset the decline in physical retail. The company reported a net loss of $790 million, or $0.51 per share.
Revenues decreased 38 percent to $6.3 billion.
NIKE digital sales increased 75 percent.
Gross margin decreased to 37.3 percent.
Net loss was $790 million and diluted net loss per share was $0.51.
Nike
Nike
Nike Revenue by Geographic Location
Revenue 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 is focused on prioritizing the health of teammates and consumers and have taken proactive steps to help ensure a safe environment.
Positive Outlook
- Approximately 90 percent of NIKE-owned stores are open across the globe.
- Retail traffic continues to improve week-over-week with higher conversion rates as compared to the prior year.
- In Greater China, nearly 100 percent of NIKE-owned stores are open.
- Roughly 85 percent of NIKE-owned stores are open in North America
- About 90 percent are open in EMEA
Challenges Ahead
- Macroeconomic uncertainty
- optimizing marketplace supply and demand
- cost management
- leveraging our financial strength
- drive long-term sustainable, profitable growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income