Can I read Nike Financial Results FY 2020 Analysis on EtoBox?

Nike Financial Results FY 2020 Analysis by Ajeya krishna is a document available to read on EtoBox.

What is Nike Financial Results FY 2020 Analysis about?

NIKE Inc. revenues declined 2% in fiscal year 2020 to $37.4 billion due to the impacts of COVID-19, though revenues grew 7% in the first nine months. Gross margins decreased 130 basis points due to higher costs from tariffs and factory cancellations. NIKE is focusing on operational efficiency through automation, faster supply chains, and NIKE Plus membership to improve sales and profits going forward. Financial ratios like return on equity and assets declined in 2020 but were strong in previous years, and t

Author

Ajeya krishna

Language

EN