Welcome to our dedicated page for Nike Cl B news (Ticker: NKE), a resource for investors and traders seeking the latest updates and insights on Nike Cl B stock.
NIKE, Inc. (NYSE: NKE) is a Beaverton, Oregon-based footwear manufacturing company that describes itself as the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories. The NKE news feed on Stock Titan brings together company announcements, earnings releases and other material updates drawn from official sources and financial news providers.
Investors and followers of Nike can use this page to review the company’s regular earnings reports, where Nike discloses revenues for NIKE, Inc., the NIKE Brand and Converse, along with details by geography and product category. These releases also discuss trends in NIKE Direct and wholesale revenues, gross margin, selling and administrative expenses, and other key financial metrics that the company highlights for each quarter and fiscal year.
Nike’s news often covers strategic themes described by the company, such as its “Win Now” actions and “sport offense” realignment, which it references in the context of repositioning the business for growth. Updates may include commentary from senior leadership on performance in regions like North America, Europe, Middle East & Africa, Greater China, and Asia Pacific & Latin America, as well as the performance of brands such as Nike, Jordan, NikeSKIMS and Converse.
This page can also surface announcements on dividends and capital returns, where Nike reports its record of consecutive annual dividend increases and provides details on quarterly dividend declarations. Leadership and governance developments, including changes to the senior leadership team, stock incentive plans and board matters reported in press releases or Form 8-K filings, may also appear in the news stream.
By monitoring this NKE news page, readers can follow Nike’s official communications about its financial results, brand initiatives and corporate actions as they are released.
NIKE, Inc. (NYSE:NKE) reported fiscal 2025 Q1 results with revenues of $11.6 billion, down 10% on a reported basis and 9% currency-neutral. NIKE Direct revenues were $4.7 billion, down 13% reported and 12% currency-neutral. Wholesale revenues were $6.4 billion, down 8% reported and 7% currency-neutral. Gross margin increased 120 basis points to 45.4%. Diluted earnings per share was $0.70, down 26%.
The company announced Elliott Hill as the new President and CEO, effective October 14, 2024. NIKE's previously announced Investor Day is postponed. The company returned approximately $1.8 billion to shareholders, including $558 million in dividends and $1.2 billion in share repurchases.
NIKE, Inc. (NYSE:NKE) announced a significant leadership change. Elliott Hill will become President and CEO, effective October 14, 2024. Hill, a long-time Nike veteran with 32 years of experience, will also join the Board of Directors and Executive Committee. He replaces John Donahoe, who will retire from his roles as President, CEO, and Board member on October 13.
Hill's appointment comes after a thoughtful succession process. His global expertise, leadership style, and deep understanding of the industry were cited as key factors in his selection. During his previous tenure at Nike, Hill held senior leadership positions across Europe and North America, helping grow the business to over $39 billion. He retired from Nike in 2020 after serving as President - Consumer and Marketplace.
NIKE, Inc. (NYSE: NKE) has announced its plans to release first quarter fiscal 2025 financial results on Tuesday, October 1, 2024, at approximately 1:15 p.m. PT. Following the news release, NIKE management will host a conference call at 2:00 p.m. PT to review the results. The call will be broadcast live over the Internet and can be accessed at https://investors.nike.com/. An archived version will be available until 9:00 p.m. PT, October 22, 2024, for those unable to listen live.
NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories. The company also owns Converse, which focuses on athletic lifestyle products.
NIKE, Inc. (NYSE: NKE) has announced a quarterly cash dividend of $0.370 per share on its outstanding Class A and Class B Common Stock. The dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 3, 2024. This announcement demonstrates NIKE's commitment to returning value to its shareholders and reflects the company's financial stability and confidence in its future performance. The consistent dividend payout signals NIKE's strong cash flow and ability to maintain shareholder returns alongside its business operations and growth initiatives.
NIKE (NYSE:NKE) reported its fiscal 2024 fourth quarter and full-year results. Full-year revenues were $51.4 billion, a slight increase from the prior year's $51.2 billion. However, fourth-quarter revenues declined by 2% to $12.6 billion. NIKE Direct revenues dropped by 8% in Q4, while wholesale revenues increased by 5%. The gross margin for the fourth quarter rose by 110 basis points to 44.7%, primarily due to strategic pricing and reduced logistics costs. Selling and administrative expenses decreased by 7%, while net income surged by 45% to $1.5 billion, resulting in a diluted EPS of $0.99. For the full year, net income rose by 12% to $5.7 billion, with a diluted EPS of $3.73. NIKE returned $6.4 billion to shareholders through dividends and share repurchases in fiscal 2024.
NIKE (NYSE: NKE) will release its financial results for the fourth quarter of fiscal 2024 on June 27, 2024, at 1:15 p.m. PT. A conference call to review these results will follow at 2:00 p.m. PT, and it will be broadcast live on their investor website. An archived version of the call will be accessible until July 18, 2024.
The company is a global leader in designing, marketing, and distributing athletic footwear, apparel, and accessories. Additionally, its subsidiary, Converse, specializes in athletic lifestyle products.
For further details, visit NIKE's investor relations website or follow NIKE on social media platforms like LinkedIn, Instagram, and YouTube.
DICK'S Sporting Goods and Nike have announced their fourth annual It's Her Shot tour, stopping in six cities across the US, featuring WNBA players and basketball figures. The events aim to empower young female athletes and promote sports participation. The tour includes practice drills, skills clinics, and product giveaways.
NIKE, Inc. (NYSE: NKE) declares a quarterly cash dividend of $0.370 per share on its outstanding Class A and Class B Common Stock. The dividend is payable on July 1, 2024, to shareholders of record as of June 3, 2024.
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