NIKE(US:NKE)2025-06-26 20:18Revenue Performance - Full year revenues for NIKE, Inc. were $46.3 billion, down 10% on a reported basis compared to the prior year[5] - Fourth quarter revenues were $11.1 billion, down 12% on a reported basis and down 11% on a currency-neutral basis[6] - Revenues for the NIKE Brand were $44.7 billion, down 9% on a reported and currency-neutral basis, driven by declines across all geographies[9] - Total revenues for NIKE, Inc. decreased by 12% to $11,097 million for the three months ended May 31, 2025, compared to $12,606 million for the same period in 2024[18] - For the twelve months ended May 31, 2025, total revenues were $46,309 million, down 10% from $51,362 million in the previous year[18] - Footwear sales in North America dropped by 13% to $3,104 million for the three months ended May 31, 2025, and also decreased by 13% to $12,684 million for the twelve months[18] - Sales through NIKE Direct fell by 13% to $18,783 million for the twelve months ended May 31, 2025, compared to $21,519 million in the previous year[20] - Sales to wholesale customers for the twelve months ended May 31, 2025, were $25,883 million, a decrease of 7% from $27,758 million in the previous year[20] - The Greater China region experienced a significant decline, with footwear sales down 21% to $1,074 million for the three months ended May 31, 2025[18] Profitability and Earnings - Net income for the fourth quarter was $0.2 billion, down 86%, with diluted earnings per share at $0.14, also a decrease of 86%[9] - Earnings before interest and taxes (EBIT) for the total NIKE brand decreased by 58% to $894 million for the three months ended May 31, 2025, and by 34% to $5,740 million for the twelve months[22] - The EBIT margin for NIKE, Inc. was 2.7% for the three months ended May 31, 2025, down from 13.3% in the same period last year[22] - Diluted earnings per share (EPS) for the three months ended May 31, 2025, was $0.99, compared to $3.73 for the same period in 2024[24] Expenses and Corporate Financials - Gross margin for the fourth quarter decreased 440 basis points to 40.3%, primarily due to higher discounts and changes in channel mix[5] - Selling and administrative expenses increased 1% to $4.1 billion in the fourth quarter, with demand creation expense up 15% to $1.3 billion[6] - Corporate expenses increased, with a net loss of $625 million for the three months ended May 31, 2025, compared to a loss of $559 million in the same period last year[22] Shareholder Returns - In fiscal 2025, the company returned approximately $5.3 billion to shareholders, including $2.3 billion in dividends, up 6% from the prior year[8] Taxation - The effective tax rate for the fourth quarter was 33.6%, compared to 13.1% for the same period last year[9] Assets - As of May 31, 2025, total assets for NIKE, Inc. were $36.6 billion, down 4% from the prior year[16]