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. (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.
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%.
NIKE, Inc. (NYSE: NKE) will release its fourth quarter fiscal 2022 financial results on June 27, 2022, at around 1:15 p.m. PT. A conference call to discuss these results will follow at 2:00 p.m. PT. Investors can access the live broadcast online at investors.nike.com, with an archived version available until July 18, 2022. NIKE, based in Beaverton, Oregon, is a leading designer and distributor of athletic footwear, apparel, and equipment.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.305 per share for its outstanding Class A and Class B Common Stock. This dividend will be payable on July 1, 2022, to shareholders recorded by June 6, 2022. This announcement reflects the company's commitment to returning value to its shareholders while maintaining its status as a leading designer and distributor of athletic footwear and apparel.
NIKE, Inc. (NYSE:NKE) reported a 5% revenue increase for fiscal Q3 2022, totaling $10.9 billion, with a notable 15% surge in NIKE Direct sales to $4.6 billion. Digital sales soared 19%, driven by a 33% rise in North America. Gross margin expanded by 100 basis points to 46.6%. However, net income dipped 4% to $1.4 billion, with diluted EPS at $0.87. The company continues to return value to shareholders, with $1.7 billion returned in Q3, including a 12% increase in dividends. Management cited strong consumer demand despite supply chain challenges.
NIKE, Inc. (NYSE: NKE) will release its third quarter fiscal 2022 financial results on March 21, 2022, at approximately 1:15 p.m. PT. Following the release, management will host a conference call at 2:00 p.m. PT to discuss the results.
The conference call will be streamed live and available for later access until April 11, 2022, at 9:00 p.m. PT. For more details, visit investors.nike.com.
NIKE, Inc. (NYSE: NKE) declared a quarterly cash dividend of $0.305 per share on its Class A and Class B Common Stock. This dividend will be payable on April 1, 2022, to shareholders of record as of the close of business on March 7, 2022. This announcement reflects NIKE's commitment to returning value to its shareholders while maintaining its position as a leading designer and distributor of athletic wear worldwide.
Nike Inc. (NYSE:NKE) has been named the "Stock to Study" by BetterInvesting Magazine, while Pioneer Natural Resources Co. (NYSE:PXD) is acknowledged as the "Undervalued Stock" for April 2022. BetterInvesting emphasizes the importance of consistent investing, advocating for regular investments regardless of market fluctuations, based on principles established over the past 70 years. The editorial committee urges investors to conduct thorough research using their tools before making any investment decisions.
NIKE, Inc. announced Ann Miller as the new Executive Vice President & General Counsel, effective February 17, 2022. Miller, a 14-year veteran at NIKE, succeeds Hilary Krane, who is retiring after 12 years. CEO John Donahoe praised Miller's leadership and legal expertise, stating she has made significant contributions to the company. Prior to her appointment, Miller held several senior roles, including Vice President, Corporate Secretary, and Chief Ethics & Compliance Officer, overseeing corporate governance and legal matters.
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