Nike's revenue was US$46.40bn in the year to May, against US$51.36bn two years earlier
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The story behind it
Nike goes into Thursday's result with one broker calling for two more years of pain Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →
The story behind it
Nike goes into Thursday's result with one broker calling for two more years of pain Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →What the chart shows
Across the ten financial years on this chart, Nike's revenue climbed from US$34.35bn to US$51.36bn and then dropped to US$46.31bn. The year to May ended at US$46.40bn, barely different.
Bank of America thinks that plateau has further to run. Analyst Lorraine Hutchinson cut Nike to underperform on Friday and moved the sales recovery she expects from next spring into the following financial year. North American wholesalers are still clearing unsold stock, which delays their next orders.
Thursday's first-quarter result is the first chance to test her. Revenue in Greater China is what would change the argument, if its fall has started to narrow.
The numbers
Nike's revenue in each financial year to May, 2017 to 2026, in US$bn. The first quarter of its new year is reported on Thursday.
| Value | |
|---|---|
| FY17 | 34.35 |
| FY18 | 36.40 |
| FY19 | 39.12 |
| FY20 | 37.40 |
| FY21 | 44.54 |
| FY22 | 46.71 |
| FY23 | 51.22 |
| FY24 | 51.36 |
| FY25 | 46.31 |
| FY26 | 46.40 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
