In: Finance
Evaluate the financial information of Nike (NKE NYSE) the company's annual report.
The body of the paper should include the following items:
Prepare your paper in proper APA format (3 to 4 pages)
Ans: Nike inc Financial , stock and news analysis.
Nike inc is the American apparels,accessories and sports equipements company. The reason of choosing this company is that it has very good brand image and reputation. Besides it has sponsership of many sports event and tournaments. I like sports nike is the favourite brand for me. Kendrik Lamar is the newest brand ambassador for Nike inc. This company was founded in 25, january 1964 in oregon,United States of America.
Founders of the company are Phill Knight and Bill Bowerman
Head Quarter : Oregon, U.S.A
CEO: John Donahoe and Mark Parker
Financial Analysis:
As per the Annual report , the operation of the company is divided into four broad divisions which are North America, Europe and middle east africa, Greater China, Asia pacific & Latin America. The revenue as a whole for the financial year 2017 was $ 34,350 million, in year 2018 $36,397 and in year 2019 it was $39,117 million. It shows that revenue is approximately increasing To manage credit related market risk the copmapny has prepared strict guideline to tackle it. The major financial institutions do derivative transactions. The notional amount of derivative transactions was as of 31st may 2019 , $459 million.
Foot notes: The company have 401k savings and profit sharing plans, where all U.S employees are able to participates. The company also have long term incentive plans for its employees and deferred compensated plsn for directors.
The basic earning per share for year 2019 is $2.55 and dileps is $ 2.49. Foe year 2018 eps $ 1.19 and dileps was $1.17. so its EPS is increased from previous years.
News: The company has innovated new prototype of Nike air zoom Alphafyi which will boost its sale in coming future.
It also launched a sustainable design which can increase its sale in future.
Stock price: $ 93.75 as of 22 may 2020. The stock price of nike inc in year 2019 was around $76 - $89 which was increased in 2020 also reached $ 102 in 23 january 2020.
As per Wall street journal The nike inc has hit all time high of $ 92.79 stock price in stock exchange september 25 2019.