To view the report in full please go here and to find out more about the previous year then please visit Nike annual report 2016 and for the analysis of Nike then please click on analysis of Nike 2017.
Due to Nike running a broken year I am far behind in the reporting. Looking at the Q3 2018 which they have filed, they are also taking a massive tax hit which is over 70% and leads to a significant decrease in earnings. Anyway... if we look at the financial statement below then we see that Nike managed to increase their revenue from 32 to 34 billion USD and they managed to increase their earnings from 3.8 to 4.2 billion USD which is an excellent result! They had in the end of their broken 2017 year bought back shares to a value of 4.4 billion USD which leaves around 7.5 billion left for buying back shares.
Conclusion: 2017 was a good year for Nike. From what we can see 2018 will be far from as good as 2017 due to taxes but also due to a decreased growth rate in their revenue and ultimately earnings. I will remain as a shareholder well aware of what is coming.
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