Nike's emerging markets comprise about 30% of its revenue.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judged as of 2018, using Nike's latest reported fiscal year at that time (FY2017 or FY2018 10-K). True if the regions Nike reports that are mostly emerging markets (for example Greater China and Asia Pacific & Latin America, possibly with emerging parts of EMEA, or Nike's own 'emerging markets' segment if it reported one) made up about 30% of revenue (roughly 27–33%) on a reasonable definition. Mostly true if the share is about 25–27% or 33–35%. Mixed if the share depends heavily on the definition and comes out near 30% on some reasonable definitions but well off on others. Mostly false if the share is about 20–25% or 35–40%. False if it is below 20% or above 40% on any reasonable definition.
Set before the research began.
Evidence (9)
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E1 NIKE, Inc. U.S. Securities and Exchange Commission (Form 10-K for fiscal year ended May 31, 2017) · July 2017
“For fiscal 2017, our reportable operating segments for the NIKE Brand are: North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets.”
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E2 NIKE, Inc. Reports Fiscal 2018 Fourth Quarter and Full Year Results :: NIKE, Inc. (NKE) NIKE, Inc. (via Business Wire) · 28 June 2018
“Revenues for NIKE, Inc. rose 6 percent to $36.4 billion, up 4 percent on a currency-neutral basis.”
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E3 NIKE, Inc. Form 10-K for the fiscal year ended May 31, 2017 NIKE, Inc. (filed with the U.S. Securities and Exchange Commission)
“For fiscal 2017, our reportable operating segments for the NIKE Brand are: North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets.”
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E4 NIKE, Inc. Form 10-K for the fiscal year ended May 31, 2017 NIKE, Inc. (filed with the U.S. Securities and Exchange Commission)
“As a result of this organizational realignment, beginning in fiscal 2018, the Company's reportable operating segments for the NIKE Brand will be: North America; Europe, Middle East and Africa; Greater China; and Asia Pacific and Latin America.”
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E5 NIKE, Inc. Reports Fiscal 2018 Fourth Quarter and Full Year Results :: NIKE, Inc. (NKE) NIKE, Inc. (via Business Wire) · 28 June 2018
“Revenues for NIKE, Inc. rose 6 percent to $36.4 billion, up 4 percent on a currency-neutral basis.”
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E6 NIKE, Inc. U.S. Securities and Exchange Commission (Nike FY2018 Form 10-K)
“| Asia Pacific & Latin America | | 5,166 | | | 4,737 |”
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E7 NIKE, Inc. U.S. Securities and Exchange Commission (Nike FY2018 Form 10-K)
“| Greater China | | 5,134 | | | 4,237 |”
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E8 NIKE, Inc. U.S. Securities and Exchange Commission (Nike FY2018 Form 10-K)
“| TOTAL NIKE, INC. REVENUES | | $ | 36,397 | | | $ | 34,350 |”
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E9 NIKE, Inc. U.S. Securities and Exchange Commission (Nike FY2018 Form 10-K)
“As a result of this organizational realignment, the Company’s reportable operating segments for the NIKE Brand are: North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America, and include results for the NIKE, Jordan and Hurley brands.”
Reasoning
Nike's FY2018 10-K lists revenue rows of 5,166 for Asia Pacific & Latin America and 5,134 for Greater China, against total NIKE, Inc. revenues of 36,397 (E7, E8, E9). The press release confirms that FY2018 revenue was $36.4 billion, which shows the first column is fiscal 2018 (E2). These are the mostly-emerging-market segments under Nike's realigned structure (E10). Together they come to about 28% of revenue, and adding the emerging parts of EMEA would raise that share. Using the prior-year column instead gives about 26%. On the criteria's main reasonable definition, the share falls in the roughly 27–33% band.
Cite this claim
Bill Ackman, “Nike's emerging markets comprise about 30% of its revenue.” (said 2018). Verdict: resolved true. Reliability API, claim c_1ca5cbd7178f, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_1ca5cbd7178f
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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