Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Common-Size Income Statement
Quarterly Data

Nike Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017
Revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -55.25 -55.40 -55.79 -56.37 -56.65 -57.11 -55.74 -55.02 -53.39 -54.10 -53.49 -54.19 -54.44 -56.89 -55.25 -62.73 -55.73 -55.99 -54.31 -54.51 -54.85 -56.21 -55.80 -55.28 -56.17 -57.00 -56.32
Gross profit 44.75% 44.60% 44.21% 43.63% 43.35% 42.89% 44.26% 44.98% 46.61% 45.90% 46.51% 45.81% 45.56% 43.11% 44.75% 37.27% 44.27% 44.01% 45.69% 45.49% 45.15% 43.79% 44.20% 44.72% 43.83% 43.00% 43.68%
Demand creation expense -8.13 -8.32 -8.26 -8.51 -7.45 -8.28 -7.43 -8.67 -7.86 -8.95 -7.50 -8.08 -6.86 -6.48 -6.39 -13.04 -8.61 -8.53 -9.55 -9.96 -9.00 -9.71 -9.69 -10.04 -9.59 -10.25 -9.43
Operating overhead expense -25.87 -22.65 -23.55 -25.59 -24.50 -22.70 -23.46 -24.31 -23.77 -24.14 -21.67 -22.24 -22.50 -22.57 -21.69 -37.51 -23.88 -23.66 -21.67 -23.49 -23.16 -23.81 -21.10 -21.83 -21.20 -22.11 -22.06
Selling and administrative expense -34.00% -30.97% -31.81% -34.11% -31.95% -30.97% -30.90% -32.98% -31.63% -33.10% -29.16% -30.31% -29.36% -29.06% -28.08% -50.55% -32.49% -32.19% -31.22% -33.44% -32.16% -33.52% -30.79% -31.87% -30.80% -32.36% -31.49%
Operating income 10.75% 13.63% 12.40% 9.52% 11.40% 11.92% 13.36% 12.00% 14.98% 12.80% 17.34% 15.50% 16.20% 14.05% 16.67% -13.27% 11.78% 11.81% 14.47% 12.05% 12.99% 10.27% 13.41% 12.85% 13.03% 10.64% 12.19%
Interest income (expense), net 0.42 0.16 0.26 0.22 0.06 -0.12 -0.10 -0.33 -0.49 -0.48 -0.47 -0.51 -0.62 -0.62 -0.61 -0.79 -0.12 -0.12 -0.14 -0.12 -0.12 -0.15 -0.11 -0.12 -0.14 -0.15 -0.18
Other income (expense), net 0.13 0.56 0.08 -0.02 0.47 0.59 1.15 -0.44 0.86 0.90 0.32 0.03 0.21 -0.48 0.13 1.33 -2.94 0.40 0.31 0.27 0.57 0.51 -0.53 -0.32 0.01 -0.21 -0.20
Income before income taxes 11.30% 14.36% 12.74% 9.72% 11.92% 12.39% 14.41% 11.23% 15.36% 13.22% 17.19% 15.02% 15.80% 12.95% 16.19% -12.74% 8.72% 12.10% 14.64% 12.21% 13.43% 10.64% 12.77% 12.41% 12.90% 10.28% 11.82%
Income tax expense -1.87 -2.57 -1.53 -1.68 -1.91 -2.40 -2.84 0.53 -2.52 -1.44 -1.89 -2.79 -1.81 -1.82 -1.86 0.22 -0.34 -1.30 -1.82 -2.49 -1.98 -1.60 -1.79 -0.80 -23.15 -1.31 -1.35
Net income (loss) 9.43% 11.79% 11.21% 8.04% 10.01% 10.00% 11.57% 11.76% 12.84% 11.77% 15.30% 12.22% 13.99% 11.13% 14.33% -12.51% 8.38% 10.80% 12.82% 9.71% 11.46% 9.04% 10.98% 11.62% -10.25% 8.97% 10.47%

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Nike Inc. operating income as a percentage of revenues increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Nike Inc. income before income taxes as a percentage of revenues increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Nike Inc. net income (loss) as a percentage of revenues increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.