Demand creation expense was $3.3 billion, up 2 percent, primarily due to higher sports marketing costs and significant investments around the Olympics and the European Football Championship in the first half of the fiscal year. Net income increased 19 percent to $1.0 billion primarily due to global revenue growth, lower selling and administrative expense and a lower tax rate which were slightly offset by a gross margin decline, while diluted earnings per share increased 22 percent to $0.60 reflecting a nearly 3 percent decline in the weighted average diluted common shares outstanding. Commission File No. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 29, 2017, to review fiscal fourth quarter and full year results. As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. ... though the stock is up 4.6 percent in 2017. As of May 31, 2017, the NIKE Brand had 985 DTC stores in operation as compared to 919 a year ago. BEAVERTON, Ore., June 29, 2017 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2017 financial results for its fourth quarter and full year ended May 31, 2017. International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year. (In millions, except per share data, Financial ratios and number of shareholders) Nike Financial History from 1992 - 2002 Net income of $4.24 billion, a 12.8% increase over $3.76 billion. Fiscal year is June-May. Operating overhead expense decreased 1 percent to $1.9 billion, as continued investments in DTC were offset by administrative cost efficiencies. NIKE annual/quarterly revenue history and growth rate from 2006 to 2020. In 2017, Nike reported wholesale revenue of $3.1 billion from its Jordan brand alone, up 13% from the prior year, compared to total wholesale Nike … Nike (NKE) reported fiscal Q2 earnings after market close on December 18. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Demand creation expense was $789 million, down 10 percent, as fiscal 2017 spend was weighted towards the beginning of the year due to significant investments around the Olympics and the European Football Championship. Nike Inc. was incorporated in 1967 under the laws of the state of Oregon. But not all was well with Nike operationally. Get the detailed quarterly/annual income statement for Nike, Inc. (NKE). Its main business includes design, development, worldwide marketing and sales of athletic footwear, apparel, … Net Revenue of Nike rose to $36.4 billion in 2018 from $34.35 Billion in 2017. The effective tax rate was 13.2 percent, compared to 18.7 percent for the same period last year primarily due to a one-time benefit in the first quarter of the fiscal year related to the resolution with the U.S. Internal Revenue Service of a foreign tax credit matter, and a decrease in foreign earnings taxed in the U.S. Net income increased 13 percent to $4.2 billion reflecting strong global revenue growth, selling and administrative expense leverage and a lower tax rate which were slightly offset by a decline in gross margin. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.NIKE.com and individuals can follow @NIKE. Fourth quarter revenues up 5 percent to $8.7 billion; 7 percent growth on a currency-neutral basis*, Fourth quarter diluted earnings per share increased 22 percent to $0.60, Fiscal 2017 revenues up 6 percent to $34.4 billion; 8 percent growth on a currency-neutral basis*, Fiscal 2017 diluted earnings per share increased 16 percent to $2.51, Inventories up 4 percent as of May 31, 2017. The following tables show the financial history of Nike from 1992-2017. This change showed in their 2017 results. Other income, net was $28 million comprised primarily of net foreign currency exchange hedge gains. Nike Revenue from Footwear, Apparel & Equipment 1999-2018 Read the latest statistics on Nike Following table shows the revenue of Nike from footwear, Apparel & Equipment from 1999-2018. NIKE's revenue for fiscal years ending May 2016 to 2020 averaged $35.929 billion. Nike revenue breakdown by business segment: 30.8% from Apparel, 65.5% from Footwear and 3.7% from Other. 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