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   Non-TechNike


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From: Sr K12/22/2017 8:11:35 AM
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From NIKE prepared remarks for Q2 2018:
December 21, 2017

some excerpts

on page 4
And we’re extending our pilot with Amazon. It’s going well, and we remain focused on learning and elevating the consumer experience.

-

on page 17

Note that when US tax reform is enacted into law, our tax rate would be significantly higher in Q3 driven primarily by the one-time taxes on deemed repatriation of foreign earnings. That said, we expect US tax reform will have a net favorable financial impact on Nike taking into account the impact on taxes, access to capital, and capacity to invest within our value chain. Assuming enactment, we will update you with more specifics next quarter.

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From: Sr K9/24/2019 7:16:33 PM
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NIKE exceeds expectations, on higher margins, earnings up 28%, to an AH all-time record of $91.90 up 5.4%,

Regular hours, it was down $.51 to $87.18.

Nike Soars on Strong Start to Fiscal 2020

Guru Focus
September 24, 2019

Shares of Nike Inc. (NYSE:NKE), a major spares apparel giant, reached a new all-time high in aftermarket trading on Tuesday on the heels of strong revenue and earnings performance during the company's first quarter of fiscal 2020.

For the quarter ending August 2019, the Beaverton, Oregon-based company reported net income of $1.367 billion, up 25% from net income of $1.092 billion from the prior-year quarter. Revenues of $10.66 billion, up 7% from the prior-year quarter, outperformed the Refinitiv estimate of $10.44 billion.

Company accelerates digital, sports and apparel revenue during the quarter

Nike CEO Mark Parker said during the earnings call that the company's strong start to fiscal 2020 "highlighted the depth and balance" of the company's strategy and initiatives, which include strong product innovation and robust digital experiences. The company said sports and apparel revenues increased in the double digits for the 22nd consecutive quarter, driven on strong customer demand for products like the AirMax 200 and the AirMax 270.

Parker also mentioned that the Nike+ App, the app that tailers to the customer, is currently available in 21 countries and will launch in China later in the year. Nike also announced a partnership with Tencent Holdings Ltd.-owned (TCEHY) WeChat, the Chinese social media giant. The global expansion of the Nike App and the Nike Sneakers App contributed to a 42% increase in digital sales growth for the quarter.

Nike Chief Financial Officer Andy Campion said revenues in Greater China increased 27% for the quarter, the 21st consecutive quarter of double-digit growth. Consumer sentiment in Nike's products remain strong despite geopolitical pressures, which include the U.S.-China trade war and the tariffs implemented in light of the trade war.

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From: Sr K9/24/2019 11:47:22 PM
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Dup

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From: Sr K10/14/2019 7:11:29 PM
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Among stocks hitting ATHs today were

AAPL -0.34 to 235.87, with a high of 238.13
LULU +1.42 to 203.04, with a high of 205.11
NKE +1.00 to 94.88, with a high of 95.25

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From: Sr K10/18/2019 7:28:46 PM
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ATH
10/18/2019

NKE Closed $96.10
HOD $96.46

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From: Sr K10/22/2019 7:39:05 PM
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WSJ

Nike Chief Mark Parker to Step Down in 2020

Board member John Donahoe to take over as sportswear giant’s CEO with Parker remaining chairman

By
Updated Oct. 22, 2019 7:06 pm ET

Nike Inc.’s longtime leader Mark Parker will step aside as chief executive and be replaced by a technology industry veteran, marking a strategic shift atop the world’s biggest sportswear brand.

John Donahoe, 59 years old, a former eBay Inc. chief executive and a current member of Nike’s board, will take over as CEO in January. Mr. Parker, 64, will become Nike’s executive chairman. The four-decade Nike veteran took over the top job in 2006, inheriting a global brand built by co-founder Phil Knight.

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From: Sr K11/13/2019 8:43:10 AM
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From WSJ NIKE article yesterday:

Nike to Stop Selling Directly to Amazon
Sportswear giant’s decision is blow to Amazon’s effort to court big brands

Nov. 12, 2019 10:27 pm ET

Nike has focused on bulking up sales via its own stores, its apps and its own website. It has pared back the number of retailers it uses and now gets more than 30% of its annual sales from its direct-to-consumer business.

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