Nike, Inc. reported results for its fourth quarter and full year ended May 31st, 2014, with revenue for the quarter up by 11%, reaching 7 425 million USD (up 13% on a currency neutral basis), powered by growth in every key category and geography except Japan, where revenues were in line with the fourth quarter last year. Revenues for NIKE, Inc. during fiscal 2014 rose 10% to 27 799 million USD (up 11% on a currency neutral basis) from 25 313 in previous year. Overall net income for Nike, Inc. increased 10% to 2 693 million USD from 2 451 million USD.

Mark Parker, President & Chief Executive Officer, commented reflecting on the year’s performance: “We're proud of those results we delivered in fiscal '14, but more than that, we're proud of the consistent level of growth we've been able to deliver over the years (…) These results demonstrate the energy and excitement NIKE brings to the market,” added Parker, continuing: “Our ability to relentlessly innovate for consumers drove our growth in FY14, and will continue to fuel it for years to come. And as we grow, we remain focused on managing all areas of our business to drive sustainable, profitable growth for our shareholders.”

Revenues for the NIKE brand were 26 112 million USD, up 11% excluding the impact of changes in foreign currency.  NIKE brand wholesale revenues increased 8% on a currency neutral basis while DTC revenues grew to 5 304 million USD, up 22% excluding the impact of changes in foreign currency, driven by 10% growth in comparable store sales, new store expansion and a 42% increase in e-commerce sales. As of May 31, 2014, the NIKE Brand had 768 DTC stores in operation as compared to 678 a year ago. On a currency neutral basis, NIKE brand revenue growth was driven by growth in every geography, key category and across the Brand’s Men’s, Women’s and Young Athletes’ (Kids’) businesses

Revenue for Converse brand was 1 684 million USD, up 15% on a currency neutral basis, mainly driven by strong performance in their largest direct distribution markets: the United States, China and the United Kingdom.


According to the company’s statement, as of the end of the quarter, worldwide futures orders for NIKE Brand athletic footwear and apparel scheduled for delivery from June through November 2014 totaled 13.3 billion US, 11% higher than orders reported for the same period last year.

Don Blair, Chief Financial officer commented: “Overall, our expectations for FY '15 are largely unchanged from what we shared last quarter. Specifically, for the year, we expect reported revenue to grow at a high single-digit rate, reflecting low double-digit currency-neutral growth, partially offset by continued FX pressure from developing market currencies. We expect Q1 reported revenue to grow at a low double-digit rate, driven by tremendous energy around the World Cup and continued growth in North America, Europe, China and the Emerging Markets. “

Nike, Inc. is a world’s leading designer, developer, marketer and distributor of athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Based in Oregon, United States, and internationally known Nike Inc., includes Converse Inc., which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; Hurley International, LLC , which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories; and Jordan Brand.

For more information about Nike Inc. please visit the company’s website.