NIKE Inc (NYSE:NKE) was incorporated in 1964 and is engaged in designing, manufacturing and marketing of footwear, apparel, equipment and accessory products. Based in Beaverton, Oregon, the company offers footwear specifically in the categories of running, training, basketball, soccer, sport inspired shoes and kids shoes. The company sells its products through several means which include e-commerce, retail accounts, independent distributors, franchisees and retail accounts. The company is reported to have 346 retail stores in United States and 343 retail stores internationally.
NIKE Inc (NYSE:NKE) maintains the 3rd highest market capitalization among 58 textile apparel footwear and accessories companies. The company is ranked 5th among its industry peers by dividend yield. The company maintains the dividend yield of 1.40 percent as compared to highest dividend yield of 3.50 percent in its industry maintained by Lacrosse Footwear Inc. The company maintains the return on equity of 21.77 percent which ranks it 16th among its industry peers.
NIKE Inc (NYSE:NKE) generated the total revenue of $5.76 billion for the quarter ended May 31st, 2011 as compared to revenue of $5.07 billion for the same period last year. The company reported the net profit of $594 million or earnings of $1.24 per share for the respective quarter as compared to net income of $521.90 million or earnings of $1.06 per share last year.
The company’s total assets accumulate up to $14.99 billion out of which current assets have the highest proportion. The company maintains a strong short term liquidity position as per its current ratio of 2.85 times.Previous Post » Cisco Systems Inc (NASDAQ:CSCO) trades with Highest Market Capitalization in its Industry