BEAVERTON, Ore., June 24, 2021 — NIKE, Inc. (NYSE:NKE) now reported money final results for its fiscal 2021 fourth quarter and entire yr ended May 31, 2021
- Fourth quarter claimed revenues had been $12.3 billion, up 96 % in comparison to prior year and raising 21 p.c when compared to the fourth quarter of 2019.
- Total 12 months described revenues elevated 19 per cent to $44.5 billion.
- NIKE Direct fourth quarter sales increased 73 % to $4.5 billion.
- Gross margin for the fourth quarter improved 850 basis details to 45.8 per cent.
- Diluted earnings per share for the fourth quarter was $.93 and for the complete 12 months was $3.56.
“NIKE’s powerful final results this quarter and full fiscal yr display NIKE’s one of a kind competitive advantage and deep connection with individuals all about the environment,” reported John Donahoe, President & CEO, NIKE, Inc. “FY21 was a pivotal calendar year for NIKE as we introduced our Consumer Immediate Acceleration approach to life across the market. Fueled by our momentum, we proceed to invest in innovation and our digital management to set the basis for NIKE’s prolonged-phrase progress.” *
Our fourth quarter earnings progress was led by bigger wholesale shipments because of to the annualization of COVID-19 associated physical retail closures in the prior yr in North America, EMEA and APLA. As actual physical retail re-opened, NIKE Brand Electronic continued to produce powerful earnings progress of 41 p.c versus prior 12 months and 147 per cent in comparison to the fourth quarter of 2019. North The united states shipped record revenues, up 141 % on a reported basis for the fourth quarter, up 29 % compared to the fourth quarter of 2019, such as amplified wholesale profits thanks to delayed shipments from the previous quarter. As marketplaces re-opened and sport returned, North The united states Digital progress continued to be sturdy, rising 54 % as opposed to prior year and 177 % as opposed to the fourth quarter of 2019.
EMEA’s fourth quarter noted revenues amplified 124 percent, up 21 percent as opposed to the fourth quarter of 2019, regardless of non permanent COVID-19 related keep closures through the quarter. As bodily retail was briefly shut, EMEA Digital fourth quarter revenue enhanced 40 %, or 170 % in comparison to the fourth quarter of 2019. Right now, somewhere around 99 percent of merchants in EMEA are open or running on minimized hours.
Our full 12 months NIKE, Inc. revenues increased 19 per cent on a described foundation or 14 p.c compared to fiscal year 2019, reflecting growth throughout all Geographies and Converse, which include seven consecutive decades of double-digit, forex-neutral** development for our Larger China enterprise.
“NIKE’s model momentum is a testament to our reliable purchaser connections, digital energy and continued operational execution,” explained Matt Buddy, Executive Vice President and Chief Fiscal Officer, NIKE, Inc. “As we advance our customer-led digital transformation, we are making a new economic design that will carry on to gasoline extensive-time period sustainable, profitable progress for NIKE.” *