Transcription of NIKE, INC. REPORTS FISCAL 2020 FOURTH QUARTER AND …
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NIKE, INC. REPORTS FISCAL 2020 FOURTH QUARTER AND …
Investor Contact:Media Contact:Andy MuirMark Rhodes(503) 473-3143(503) 532-8877 NIKE, INC. REPORTS FISCAL 2020 FOURTH QUARTER AND full year RESULTSBEAVERTON, Ore., June 25, 2020 - NIKE, Inc. (NYSE:NKE) today reported financial results for itsfiscal 2020 FOURTH QUARTER and full year ended May 31, 2020. FOURTH QUARTER reported revenues were $ billion, declining from prior year as the majorityof NIKE-owned and partner stores in North America, EMEA and APLA were closed due tothe COVID-19 pandemic. NIKE digital sales increased 75 percent in the FOURTH QUARTER , or 79 percent on a currency-neutral basis*, with strong double-digit increases across all geographies and wasapproximately 30 percent of total revenue. For the FISCAL year , Greater China revenues increased 8 percent, or 11 percent on acurrency-neutral basis, marking its sixth consecutive year of double-digit currency-neutralgrowth despite the headwinds from COVID-19 in the second half of the year .
fiscal 2020 fourth quarter and full year ended May 31, 2020. • Fourth quarter reported revenues were $6.3 billion, declining from prior year as the majority of NIKE-owned and partner stores in North America, EMEA and APLA were closed due to the COVID-19 pandemic. • NIKE digital sales increased 75 percent in the fourth quarter, or 79 percent ...
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