The American sports clothing and equipment giant Nike recorded a net profit of 5,700 million dollars (5,327 million euros) at the end of its fiscal year, which represents an advance of 12.4% compared to the previous year, according to indicated the multinational, which has warned that the current course “will be a transition”, anticipating a 10% drop in income in the first fiscal quarter. In its fiscal year as a whole, Nike’s turnover reached 51,362 million dollars (48,000 million euros), 0.3% more than a year before, despite the 14% drop in sales of Converse, up to 2,082 million dollars (1,946 million euros). The multinational’s revenues in North America totaled 21,396 million dollars (19,995 million euros), 1% less, although they increased in the same proportion in Europe, the Middle East and Africa (EMEA), up to 13,607 million dollars (12,716 million euros). euros), while in China they grew by 4%, up to 7,545 million dollars (7,051 million euros) and 5% in Asia Pacific and Latin America, up to 6,729 million dollars (6,288 million euros). In the fourth quarter of its fiscal year, Nike obtained a net profit of 1,500 million dollars (1,402 million euros), 45.5% more than a year before, while its income totaled 12,606 million dollars (11,781 million euros), 1.7% less. During the conference with analysts after the publication of Nike’s accounts, the president and CEO of the multinational, John Donahoe, warned that greater macroeconomic uncertainty and a worsening exchange rate have reduced forecasts for the current year. tax, which “will be a year of transition for our business. In this sense, Matthew Friend, executive vice president and chief financial officer of the company, anticipated that revenues in the fiscal year will fall around 5%, including a 10% decline in first quarter revenues. “This reflects more aggressive actions in the management of our classic footwear franchises, lingering challenges at Nike Digital, a softer outlook in China and a number of timing factors specific to the quarter,” he explained.
