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Financial Anaysis: NIKE Inc.
Finance & Accounting
Pages 3 (753 words)
Name: Instructor: Course: Date: Financial Analysis: NIKE Inc. Company Overview Nike Inc rates as one of the world’s best manufacturer of athletics apparel and footwear. This company has captured the lion’s share of US athletic shoe market, and currently, it rates first in the global market despite competition from companies like Adidas and Puma…
Currently, the company has over 700 Nike retail shops on a global scale and in the US alone, there are about 24,000 retail accounts. Apart from this, the company has licensees and independent distributors in various countries around the world. Nike employs over 38,000 people currently and with 321 executives, the company has made tremendous steps in the market segment (Smith 56). Financial Performance NIKE Inc. has continued to perform notably well in the market segment. Reports for the FY2012 first quarter that were released on 22nd September 2011 illustrate the proficient financial performance of NIKE Inc. The reports indicated that revenues for the company shot up to $6.1 billion, representing an increment of 18% in revenues. Diluted earnings per share shot up by 19% to reach $1.36 billion. In the same period of time, inventories of NIKE inc. rose up by 41 % from the previous quarter. Worldwide futures orders for NIKE were also proficient in performance as they recorded a 16 % increment. All these figures recorded by the company are record figures, and this is an indication of the strong market performance of NIKE Inc. This can be attributed to an enhanced demand for NIKE products and tax efficiencies when purchasing NIKE Inc. items. ...
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