Net income increased 19 percent to $1.0 billion primarily due to global revenue growth, lower selling and administrative expense and a lower tax rate which were slightly offset by a gross margin decline, while diluted earnings per share increased 22 percent to $0.60 reflecting a nearly 3 percent decline in the weighted average diluted common shares outstanding.
The effective tax rate was 13.7 percent, compared to 21.2 percent for the same period last year, primarily due to an increase in the proportion of earnings from operations outside of the United States, which are generally subject to a lower tax rate. Other income, net was $28 million comprised primarily of net foreign currency exchange hedge gains. Operating overhead expense decreased 1 percent to $1.9 billion, as continued investments in DTC were offset by administrative cost efficiencies. Demand creation expense was $789 million, down 10 percent, as fiscal 2017 spend was weighted towards the beginning of the year due to significant investments around the Olympics and the European Football Championship. Selling and administrative expense decreased 4 percent to $2.7 billion.
Gross margin declined 180 basis points to 44.1 percent as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and higher product costs.
Revenues for Converse were $554 million, up 10 percent on a currency-neutral basis, primarily driven by the market transition in Italy and growth in DTC. Revenues for the NIKE Brand were $8.1 billion, up 7 percent on a currency-neutral basis driven by double-digit growth in Western Europe, Greater China, and the Emerging Markets, and strong growth in Sportswear and Running. rose 5 percent to $8.7 billion, up 7 percent on a currency-neutral basis. It will be a big year for NIKE innovation and we’ll bring those stories to life through deeper consumer connections in our key cities around the world.”** “Through our Consumer Direct Offense, we’re putting even more firepower behind our greatest opportunities in Fiscal 2018. “NIKE continues to create both near-term wins in today’s dynamic environment and a lasting foundation for future growth,” said Mark Parker, Chairman, President and CEO, NIKE, Inc.
#Amazon 2017 financial statements full
International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year.ĭiluted earnings per share for the quarter rose 22 percent to $0.60 driven by global revenue growth, lower selling and administrative expense, a lower tax rate and a lower average share count which were slightly offset by lower gross margin.įiscal 2017 diluted earnings per share rose 16 percent to $2.51, reflecting revenue growth of 6 percent, a lower tax rate and a lower average share count which was slightly offset by lower gross margin. (NYSE:NKE) today reported fiscal 2017 financial results for its fourth quarter and full year ended May 31, 2017. View the latest TGT financial statements income statements and financial ratios.Īt our Capital Markets Day in November 2017 we announced our intention to pay down debt in 2018 while continuing to invest in our future growth.BEAVERTON, Ore., JNIKE, Inc. Ten years of annual and quarterly financial ratios and margins for analysis of Target TGT.įor that reason in comparison with all businesses the Company has a higher result.įind out the revenue expenses and profit or loss over the last fiscal year. The financial condition of Target Corporation in 2021 is about the same as the financial condition typical of the companies engaged in the activity Variety Stores.īalance sheet income statement cash flow earnings estimates ratio and margins.Ĭalculate the debt ratio for Target Corporation.
#Amazon 2017 financial statements update
On Januthe Financial Accounting Standards Board FASB issued an Accounting Standards Update ASU 2017-1 clarifying the definition of a business7 Under the current implementation guidance in Topic 805 Business Combinations.Īs in 2017 Targets 10-K discloses its accounts payable amount of 8677 million which is twenty percent increase from 2016 accounts payable Figure 5. Target Corporation Common Stock TGT Nasdaq Listed. Utilize the 2017 financial statements annual reports horizontal and vertical analysis for Target to calculate the following ratio.Įconomic Value Added EVA Long-term Trends. The average ratios for this industry are slightly better than the averages for all industries. AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE TARGET GROUP FOR FY31082015 FY31082016 AND FY31082017 Sasteria Pte.
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