Forecast Of The Day: Nike Brand Footwear Sales

NKE: Nike logo


Nike’s (NYSE:NKE) revenue from footwear solid under the Nike brand declined from $24.2 billion in 2019 to $23.3 billion in 2020 although it recovered strongly to around $28 billion in 2021. Trefis expects the metric to grow to over $34 billion by 2023.


Relevant Articles
  1. What To Expect From Nike’s Stock Post Q3 Results?
  2. Nike’s Stock Down 13% Over Last Year. What’s Next?
  3. Company Of The Day: Nike
  4. What To Expect From Nike’s Stock Post Q1?
  5. Should You Buy Nike Stock At $122?
  6. What To Expect From Nike Stock After Fiscal Q3 Results?

While sales fell marginally in 2020 due to the impact of Covid-19, they recovered nicely in 2021 driven by the robust economic recovery following the initial lockdowns. We expect long-term growth to be driven by Nike’s strength in marketing and innovation.

So What?

However, we think the projected growth is largely priced into Nike stock. We value NKE at about $140 per share, 5% ahead of the current market price.

See Our Complete Analysis For Nike

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Apr 2022
MTD [1]
YTD [1]
Total [2]
 NKE Return -1% -20% 163%
 S&P 500 Return 0% -5% 103%
 Trefis MS Portfolio Return 2% -6% 269%

[1] Month-to-date and year-to-date as of 4/4/2022
[2] Cumulative total returns since the end of 2016

Invest with Trefis Market Beating Portfolios

See all Trefis Price Estimates