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Dynamic quotes 
OFFON

NIKE, INC.

(NKE)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/09 08:58:00 am
170.195 USD   -0.03%
12/06United Airlines Names Nike CFO Matthew Friend to Board
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12/06NIKE INC : Goldman Sachs keeps its Buy rating
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12/03NIKE, INC. : Ex-dividend day for
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Puma raises outlook despite supply challenges

10/27/2021 | 04:20am EST

German sportswear giant Puma increased its 2021 sales outlook on Wednesday (October 27) despite lingering supply-chain pressures.

Factories in Vietnam, a major supplier to the footwear industry, have been closed due to the global health crisis, and factory owners have said they only expect to fully resume operations from the second half of next year.

Puma Chief Executive Bjorn Gulden said the company was also having to cope with port congestion and shortages of container ships that are pushing up freight costs, along with a, quote, "very difficult market situation" in China.

Third-quarter sales rose a currency-adjusted 20.4% to $2.21 billion while operating profit also jumped well ahead of forecasts.

Rival Nike cut its fiscal 2022 sales expectations last month and said it expected delays during the holiday shopping season, blaming a supply chain crunch.

Puma sales jumped 31% in the Americas and 22% in Europe, Middle East and Africa.

However they only rose 1.7% in Asia/Pacific due to ongoing tensions in China and lockdowns in markets including Japan.


© Reuters 2021
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Analyst Recommendations on NIKE, INC.
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Financials (USD)
Sales 2022 47 129 M - -
Net income 2022 5 726 M - -
Net cash 2022 4 565 M - -
P/E ratio 2022 47,4x
Yield 2022 0,68%
Capitalization 269 B 269 B -
EV / Sales 2022 5,62x
EV / Sales 2023 4,85x
Nbr of Employees 73 300
Free-Float 79,7%
Chart NIKE, INC.
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Technical analysis trends NIKE, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 170,25 $
Average target price 180,37 $
Spread / Average Target 5,95%
EPS Revisions
Managers and Directors
John J. Donahoe President, Chief Executive Officer & Director
Matthew Friend Chief Financial Officer & Executive Vice President
Mark G. Parker Executive Chairman
Andrew Campion Chief Operating Officer & Executive Vice President
Ann Miller Secretary, VP, Chief Ethics & Compliance Officer
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