Nike, Inc. (NYSE: NKE) released fiscal fourth quarter financial results after markets closed Thursday. The apparel giant said that it had $0.62 in earnings per share (EPS) and $10.2 billion in revenue, compared with consensus estimates that called for $0.66 in EPS and $10.16 billion in revenue. The same period from last year had $0.69 in EPS and $9.79 billion in revenue.
In terms of the revenue breakdown, Nike brand revenues increased 10% to $9.7 billion on a currency neutral basis, driven by growth across NIKE Direct and wholesale, key categories including Sportswear, Jordan and Basketball, and continued growth across footwear and apparel.
Revenues for the Converse segment were flat at $491 million, mainly driven by double-digit growth in Asia and digital which was offset by declines in the U.S. and Europe.
During the second quarter, Nike repurchased a total of 10.6 million shares for roughly $897 million as part of its four-year, $15 billion program.
The company offered no guidance for the fiscal first quarter. However, the consensus estimates call for $0.79 in EPS and $10.64 billion in revenue.
Mark Parker, board chair, president and CEO, commented:
FY19 was a pivotal year for Nike as we continue to bring our Consumer Direct Offense to life throughout the marketplace. Our distinctive innovation and digital advantage led to accelerated growth across our complete portfolio, while our Brand fueled deeper relationships with consumers around the globe.
Shares of Nike closed Thursday at $83.66, with a 52-week range of $66.53 to $90.00. Following the announcement, the stock was down 1% at $82.76 in the after-hours session.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.