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MarketScreener Homepage  >  Equities  >  Nyse  >  Nike, Inc.    NKE

NIKE, INC.

(NKE)
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Nike Shifting to Distributor Partnerships in Brazil, Argentina, Chile, Uruguay

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02/06/2020 | 08:13am EDT

By Colin Kellaher

Nike on Thursday said it will shift its Nike Brand business in four South American countries to distributor partnerships in a bid to create a more profitable, capital-efficient business model.

The Beaverton, Ore., footwear giant said Grupo Axo, a Mexico-based multi-brand retailer backed by private-equity firm General Atlantic, will acquire its operations in Argentina, Chile and Uruguay.

Brazilian sporting goods retailer Grupo SBF S.A. will own substantially all of Nike's operations in Brazil.

Nike said it will classify the assets and liabilities of the entities to be sold as "held for sale" on its balance sheet and will post a one-time charge of about $425 million in its fiscal third quarter related to foreign exchange.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
EURO / ARGENTINE PESO (EUR/ARS) -0.61% 70.954 Delayed Quote.5.09%
EURO / BRAZILIAN REAL (EUR/BRL) -0.21% 5.5867 Delayed Quote.23.45%
GRUPO SBF S.A. 0.00% 25.62 End-of-day quote.-2.36%
NIKE, INC. 1.75% 86.79 Delayed Quote.-14.37%
US DOLLAR / ARGENTINE PESO (USD/ARS) -0.80% 64.957 Delayed Quote.8.53%
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Financials (USD)
Sales 2020 39 221 M
EBIT 2020 4 308 M
Net income 2020 3 671 M
Debt 2020 5,39 M
Yield 2020 1,07%
P/E ratio 2020 37,2x
P/E ratio 2021 32,2x
EV / Sales2020 3,44x
EV / Sales2021 3,22x
Capitalization 135 B
Chart NIKE, INC.
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Technical analysis trends NIKE, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 93,91  $
Last Close Price 86,79  $
Spread / Highest target 44,0%
Spread / Average Target 8,21%
Spread / Lowest Target -29,7%
EPS Revisions
Managers
NameTitle
John J. Donahoe President, Chief Executive Officer & Director
Mark G. Parker Executive Chairman
Andrew Campion Chief Operating Officer & Executive Vice President
Matthew Friend Chief Financial Officer
Alan B. Graf Independent Director
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