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   Non-TechNike


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From: Sr K5/1/2016 3:49:24 PM
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CBS Sunday Morning, on their website, has an 8-minute segment on Phil Knight about his "crazy idea", originally posted 4/24/2016 for the April 25 program.


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From: Sr K6/9/2016 2:07:42 AM
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Nike Sticks With Tennis Star Sharapova After Drug Suspension

June 8, 2016 — 3:58 PM EDTUpdated on June 8, 2016 — 5:10 PM EDT

bloomberg.com

Nike Inc. is sticking with star Maria Sharapova after the International Tennis Federation suspended her for two years for using a performance-enhancing substance.

“The ITF Tribunal has found that Maria did not intentionally break its rules,” Nike said in an e-mailed statement. “Maria has always made her position clear, has apologized for her mistake and is now appealing the length of the ban.”

Nike had suspended its relationship with Sharapova in March after she admitted to failing a drug test for meldonium. She said at the time she had been taking the drug for health reasons for a decade and hadn’t noticed when it was banned by the World Anti-Doping Agency as of Jan. 1. The suspension by Nike has now been lifted, the company said.

“Based on the decision of the ITF and their factual findings, we hope to see Maria back on court and will continue to partner with her,” Nike said.

Sharapova’s 2010 deal with the sportswear maker was worth $70 million over eight years, a person with knowledge of the contract said at the time. Even though Nike is lifting the suspension, it hasn’t announced any immediate plans to use the 29-year-old in its marketing. Her ban from the court would lift in 2018, which is also when her reported eight-year deal with Nike ends.

[more]

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From: Sr K8/4/2016 1:32:24 AM
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Nike Gives Up on Golf Equipment

August 3, 2016 — 5:20 PM EDT Updated on August 3, 2016 — 6:33 PM EDT

bloomberg.com

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From: Sr K11/17/2016 6:30:34 PM
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on Briefing.com

4:45 pm NIKE announces 13% increase to quarterly dividend ( NKE) : Co announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on the company's outstanding Class A and Class B Common Stock payable on January 3, 2017, to shareholders of record at the close of business December 5, 2016.

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To: Sr K who wrote (2388)1/12/2017 4:00:36 PM
From: drmicrocap
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IN THE NEWS: NKE

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From: Sr K3/21/2017 11:17:50 PM
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NIKE, Inc.
Q3 2017
Mar 21, 2017

from Andy Campion's closing comments in the conference call:

That said, at our investor day in October FY16, we communicated that we expected FX to be a significant headwind through FY18, as our long-dated hedge portfolio matures and rolls forward. Since that time, the US Dollar has further strengthened against most international currencies. At current rates, we project that we will have absorbed $1.6 to $2.0 billion of cumulative FX downside over FY16, FY17 and FY18, with the most significant annual impact being in FY18. We look forward to putting these extreme FX headwinds behind us as we exit FY18. In the meantime, we will continue to deliver strong Revenue growth and make NIKE a much more efficient and profitable enterprise on a currency-neutral basis.

In closing, we will continue to manage all of the operating levers within our portfolio to deliver strong performance in the short-term. At the same time, we will remain relentlessly on the offense investing, innovating and, in some cases, revolutionizing the industry to exceed consumer expectations, fuel long-term growth and, in turn, create value for shareholders.

Footnote to Balance Sheet:

During the fourth quarter of fiscal 2016, NIKE, Inc. adopted Accounting Standards Update No. 2015-17, which requires all deferred tax assets and deferred tax liabilities to be classified as non-current. All periods presented have been updated to reflect these changes.

Other, re: Balance Sheet

Cash and short-term investments were $6.2 billion, $1.1 billion higher than the prior year as growth in net income and proceeds from the issuance of debt in the second quarter of fiscal 2017 as well as proceeds from employee exercises of stock options more than offset share repurchases, higher dividends and investments in infrastructure.

Share Repurchases

During the third quarter, NIKE, Inc. repurchased a total of 8.9 million shares for approximately $475 million as part of the four-year, $12 billion program approved by the Board of Directors in November 2015. As of February 28, 2017, a total of 64.9 million shares had been repurchased under this program for approximately $3.6 billion.

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From: more1003/22/2017 5:36:12 AM
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Strong brand still leading but Adidas has turned itself around to be hot in last year. Nike to accelerate again w NBA deal 17/18.

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From: Sr K7/20/2017 11:02:52 AM
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pre-market
  • Nike (NKE 59.00, +1.23): +2.1% after NKE shares were upgraded to 'Overweight' from 'Equal-Weight' at Morgan Stanley.

holding that early gain
58.99 +1.22 (2.11%)

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From: Sr K12/13/2017 11:04:59 PM
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NIKE hit a 52-week high today.

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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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