*This piece first appeared in the Front Office Sports Newsletter. Subscribe today and get the news before anyone else.
If you ever wanted a peek inside one of the biggest brands in sports, taking a look at Nike’s annual report and proxy statements are a great way to do just that.
If you don’t have time to do that, here are some key takeaways from Jeff Manning of The Oregonian/OregonLive.
$13.9 million…
That’s the amount of total compensation that Mark Parker, Nike’s CEO and president and board chair, was given during the company’s 2019 fiscal year.
For reference, the salary of a “median” Nike employee is $25,386, according to the company.
If you don’t want to do the math, Parker makes 550 times more than that.
DTC, Digital and Wholesale…
While a DTC approach has become increasingly more important to Nike, the company still does a lion share of its sales to wholesalers. Below is a breakdown of the company’s sales via its DTC, digital and wholesale channels during its 2019 fiscal year.
Wholesale: $25.4 billion
DTC: $11.7 billion
Digital: $3.8 billion
Things are looking up…
With total revenue up more than 11% and earnings more than doubling over the prior year, the company looks to be back on track after a rough 2018. As of Tuesday, the company’s total market capitalization has grown to $136.2 billion.
