Nike - One of the best performing business in 2020 despite of Covid-19

One of the business that has been thriving in 2020 is Nike.

Even though the retail business dropped a bit in 2020 due to Covid-19 pandemic, its Ecommerce business have been thriving.

According to Fortune: 

In China, for Singles’ Day, a November event several times larger than Cyber Monday in North America, Nike was the top athletic-wear brand, garnering the most visits in that category on Tmall, a massive online store there.

In the U.S., Nike said it saw record online sales on Black Friday.

Let's look at some statistic to understand the business a little bit better.

Nike owns several famous brands of some strategic acquisitions, which includes Cole Haan, Bauer Hockey, Converse, Hurley International, Starter and Umbro.

Up to now, Nike is still holding the top position of the most preferred apparel, clothing and footwear.

As such, the revenue and net profit is still growing healthily. 

The share price for Nike stock is performing quite good in 2020.

Because of better than expected EPS (Earnings per share) over the forecast number in Dec 18 2020 report, the stock has been flying so far. Talking about Nike Air :)

         In fact the revenue is doing pretty good at 11.24B, the highest ever. 

Video: Nike shares increase over triple-growth in online sales

The growth in China is still very promising. Much growth anticipated from Greater China region.

According to the 2020 annual report, I also realized that Tim Cook is also one of the director as well. This is interesting.

To end this post, let's check out some nice videos from Nike official Youtube videos.

The content is quite inspiring and entertaining and it's a good way to continue to engage it's loyal customer.

With 1.57million subscribers, more is to come.

Nike.

Just do it.

Reference:

https://www.statista.com/chart/17692/teenagers-favorite-clothing-and-footwear-brands/

https://s1.q4cdn.com/806093406/files/doc_financials/2020/ar/NKE-FY20-10K.pdf

https://investors.nike.com/investors/news-events-and-reports/default.aspx

https://www.statista.com/statistics/241685/net-profit-of-nike-since-2005/

https://www.investing.com/equities/nike

https://finance.yahoo.com/quote/nke/financials/

https://www.wsj.com/market-data/quotes/NKE/financials/annual/income-statement

https://fortune.com/2020/12/21/nike-stock-all-time-high-ecommerce-covid/

https://investors.nike.com/investors/news-events-and-reports/investor-news/investor-news-details/2020/NIKE-Inc.-Reports-Fiscal-2021-Second-Quarter-Results/default.aspx

https://www.youtube.com/watch?v=p9rVdT4mUtk

https://www.investing.com/equities/nike-news

Happy Investing! 😉