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   Non-TechNike


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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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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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