Welcome to our dedicated page for Nike news (Ticker: NKE), a resource for investors and traders seeking the latest updates and insights on Nike stock.
Nike, Inc. (symbol: NKE) is a globally recognized American multinational corporation headquartered in Beaverton, Oregon. Established in 1964, Nike has grown to become the largest athletic footwear and apparel brand in the world. The company's core business revolves around the design, development, manufacturing, and global marketing and sales of footwear, apparel, equipment, accessories, and services.
Nike's product lineup includes key categories such as basketball, running, and football (soccer). The company's brands include Nike, Jordan, and Converse, with footwear contributing approximately two-thirds of its total sales. Nike's products are distributed worldwide through a mix of company-owned stores, franchised stores, and third-party retailers. Additionally, Nike operates e-commerce platforms in over 40 countries, enhancing its global reach and accessibility for consumers.
To keep up with demand, nearly all of Nike's production is outsourced to contract manufacturers located in more than 30 countries. The company's strategic partnerships and collaborations with athletes, sports teams, and celebrities further fortify its market presence and brand loyalty.
Recent achievements for Nike include advancements in sustainable manufacturing practices, innovative product launches, and significant digital sales growth driven by its robust e-commerce infrastructure. Financially, Nike remains strong, continuing to generate substantial revenue and profit margins, which reflects its dominant position in the market.
Stay updated with the latest developments, financial performance, and news about Nike, Inc. to understand how this industry leader continually shapes the future of sports and lifestyle apparel.
NIKE, Inc. (NYSE: NKE) has announced a quarterly cash dividend of $0.340 per share. This dividend is set to be paid on April 3, 2023, to shareholders on record as of the close of business March 6, 2023. NIKE continues as a leader in designing, marketing, and distributing athletic footwear, apparel, and accessories worldwide. The company's consistent dividend policy reflects its commitment to returning value to shareholders.
NIKE, Inc. (NYSE:NKE) reported fiscal 2023 Q2 revenues of $13.3 billion, up 17% year-over-year and 27% on a currency-neutral basis. NIKE Direct sales reached $5.4 billion, an increase of 16%. The gross margin decreased by 300 basis points to 42.9%, impacted by higher markdowns and logistics costs. Net income remained flat at $1.3 billion, resulting in diluted earnings per share of $0.85, a 2% increase. NIKE returned $2.1 billion to shareholders, maintaining a strong dividend track record with 21 consecutive years of increases.
NIKE, Inc. (NYSE: NKE) will unveil its second quarter fiscal 2023 financial results on Tuesday, December 20, 2022, at 1:15 p.m. PT. A management conference call will follow at 2:00 p.m. PT for detailed insights into the results. Shareholders can access the call via investors.nike.com and listen to an archived version until January 10, 2023, at 9:00 p.m. PT. NIKE continues to be a leading name in athletic footwear and apparel worldwide.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.340 per share, marking an 11% increase from the previous rate of $0.305. This dividend is payable on December 28, 2022 to shareholders on record by December 5, 2022. This announcement highlights NIKE's 21st consecutive year of dividend increases, aligning with its Consumer Direct Acceleration strategy aimed at enhancing digital capabilities and supporting long-term growth.
NIKE, Inc. (NYSE:NKE) reported fiscal 2023 first-quarter results with revenues of $12.7 billion, a 4% increase year-over-year, and a 10% rise on a currency-neutral basis. NIKE Direct sales rose by 8% to $5.1 billion, while digital sales surged 16%. However, gross margin declined by 220 basis points to 44.3%, and diluted earnings per share fell 20% to $0.93. Net income decreased by 22% to $1.5 billion. Inventory levels rose significantly, up 44% to $9.7 billion, amid supply chain issues. Shareholder returns included $1.5 billion through dividends and share repurchases.
NIKE, Inc. (NYSE:NKE) has appointed Mónica Gil and Bob Swan to its Board of Directors. Gil, currently Chief Administrative and Marketing Officer at NBCUniversal Telemundo Enterprises, brings expertise in consumer behavior and digital marketing. Swan, former CEO of Intel Corporation, has vast experience in managing large organizations and driving sales growth, with a track record of increasing Intel's annual sales by $25 billion. Mark Parker, Executive Chairman, expressed confidence that their leadership will help NIKE advance its strategy and create value in the sports sector.
NIKE, Inc. (NYSE: NKE) will release its first quarter fiscal 2023 financial results on September 29, 2022, at approximately 1:15 p.m. PT. Following the announcement, management will conduct a conference call at 2:00 p.m. PT to discuss the results. Investors can access the live broadcast and an archived version until October 20, 2022, at http://investors.nike.com. NIKE, based in Beaverton, Oregon, is a leading designer and distributor of athletic footwear and apparel.
Dutch Bros Inc. has appointed Ann Miller to its Board of Directors, expanding the board to nine members. Miller is currently the Executive Vice President and Chief Legal Officer at NIKE and has extensive experience in corporate governance. Her role at Dutch Bros includes serving on the Audit and Risk Committee. The company aims to enhance its governance while continuing to grow in the competitive food service and restaurant industry, focusing on high-quality beverages and community-driven culture.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.305 per share on its Class A and Class B Common Stock. The dividend will be payable on October 3, 2022, to shareholders of record by the close of business on September 6, 2022. This decision reflects NIKE's ongoing commitment to returning value to its shareholders and maintaining a strong financial position in the competitive athletic footwear and apparel market.
NIKE, Inc. (NYSE:NKE) reported its fiscal 2022 Q4 results with revenues of $12.2 billion, a 1% decline year-over-year but up 3% on a currency-neutral basis. NIKE Direct revenues grew 7% to $4.8 billion. Gross margin decreased 80 basis points to 45%. Net income was $1.4 billion, down 5%, resulting in diluted EPS of $0.90, a 3% decrease. The Board authorized an $18 billion share repurchase program. For the full year, revenues increased 5% to $46.7 billion with net income up 6%.
FAQ
What is the current stock price of Nike (NKE)?
What is the market cap of Nike (NKE)?
What products does Nike, Inc. offer?
Where is Nike, Inc. headquartered?
What are the key brands under Nike, Inc.?
How does Nike distribute its products?
How significant is footwear to Nike's sales?
Who manufactures Nike's products?
When was Nike, Inc. founded?
What are some of Nike's recent achievements?
How does Nike maintain its market position?
What is the primary focus of Nike's business?
