Assessing Nike’s Performance Against Competitors In Textiles, Apparel & Luxury Goods Industry

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In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating Nike (NYSE:NKE) in relation to its major competitors in the Textiles, Apparel & Luxury Goods industry. By closely examining crucial financial metrics, market position, and growth prospects, we aim to offer valuable insights for investors and shed light on company’s performance within the industry.

Nike Background

Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan (premium athletic footwear and clothing), NikeSkims (women’s athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

Company P/E P/B P/S ROE EBITDA (in billions) Gross Profit (in billions) Revenue Growth
Nike Inc 29.36 4.69 1.42 3.69% $0.77 $4.53 0.09%
Deckers Outdoor Corp 14.33 5.49 2.79 18.96% $0.65 $1.17 7.14%
On Holding AG 45.60 5.64 5.99 4.35% $0.1 $0.48 22.62%
Birkenstock Holding PLC 15.35 2.07 2.71 1.84% $0.11 $0.22 11.11%
Steven Madden Ltd 54.08 2.87 0.96 2.7% $0.04 $0.32 29.43%
Wolverine World Wide Inc 14.37 3.29 0.71 7.9% $0.05 $0.24 4.61%
Rocky Brands Inc 13.06 1.16 0.60 2.61% $0.01 $0.06 9.11%
Average 26.13 3.42 2.29 6.39% $0.16 $0.41 14.0%

Full story available on Benzinga.com

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