2024-07-08 09:00:00 ET
Summary
- Nike, an American athletic footwear and apparel corporation, is now a $114 billion (by market cap) sportswear behemoth.
- Nike has enjoyed a unique level of brand awareness and cachet for many years, helping it to build a sportswear conglomerate with a wide lead over everyone else.
- Nike has increased its dividend for 21 consecutive years, with a 10-year dividend growth rate of 12.5%.
- Nike raised its revenue from $30.6 billion in FY 2015 to $51.4 billion in FY 2024, a compound annual growth rate of 5.9%.
Nike Inc. ( NKE ) is an American athletic footwear and apparel corporation. Founded in 1964, Nike is now a $114 billion (by market cap) sportswear behemoth that employs more than 80,000 people. FY 2023 sales can be broken down geographically as follows: 44%, North America; 28%, EMEA; 15%, Greater China; and 13%, APLA.
As the world's largest seller of athletic footwear and apparel, Nike is in a league of its own and the true kingpin of its industry. The company has spent decades investing in its core Nike brand (along with the ancillary Jordan brand), creating a "brand halo" where initial footwear products that become wildly popular resulted in a bevy of successful offerings across broader sporting products (including apparel and equipment)....
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Nike: Low-Yielding, High-Growth Stock Benefiting From Durable Competitive Advantages