How much money does Nike make in a year?
Quick Answer
For the fiscal year ending on May 31, 2014, Nike, Inc., had a net income of $2.7 billion out of $27.8 billion in worldwide revenue. As explained by the company, the revenue and profit figures include income from both the Nike and Converse brands.
Continue Reading
Full Answer
These figures are up 10 percent from those in the 2013 fiscal year, when net income was $2.5 billion out of $25.3 billion in gross revenue, according to figures from GuruFocus. In turn, those figures for 2013 were up 9 percent and 8 percent, respectively, over those of the 2012 fiscal year. This trend is one that has persisted for much of the last decade. Revenue and profit figures for Nike have steadily risen between 2005 and 2014, with revenues growing approximately 100 percent from $13.7 billion in 2005. The company's profit margin has exceeded that 100 percent growth over the same span, rising from $1.2 billion to $2.7 billion. As these figures have risen, so too has diluted earnings per share, climbing from 1.12 in May of 2005 to 2.97 by the end of the 2014 fiscal year. The only down year for revenue out of that same span was between the 2009 and 2010 fiscal years, which was when revenues dropped slightly from $19.18 billion to $19.01 billion. However, this was a positive trending year for net income because the declining revenue was offset by a lower cost of goods sold.
Learn more about CorporationsRelated Questions
-
Q:
What does Nike stand for?
A: The company name "Nike" is not actually an acronym, but is instead named after the goddess of victory in Greek mythology. The company was founded in 1964, ... Full Answer >Filed Under: -
Q:
Why is Nike so successful?
A: Nike is successful because of its marketing strategy, brand recognition and research into changing consumer demands. Nike has continued to grow by targetin... Full Answer >Filed Under: -
Q:
What does Nike sell?
A: Nike is brand that designs, develops and sells athletic gear and sports products, such as apparel, footwear, equipment and other accessories. It also has o... Full Answer >Filed Under: -
Q:
How do you get sponsored by Nike?
A: According to the shoe giant's official website, the only way to get sponsored by Nike is if the company contacts you directly. Nike claims they "proactivel... Full Answer >Filed Under:
