Nike Inc Cl B - NKE STOCK NEWS

NIKE Inc (NYSE:NKE) reported declining financial results for Q3 fiscal 2025. Revenue decreased 9% to $11.3 billion, with NIKE Direct revenues down 12% to $4.7 billion and wholesale revenues falling 7% to $6.2 billion. Gross margin contracted 330 basis points to 41.5%, primarily due to higher discounts and inventory issues.

Net income dropped 32% to $0.8 billion, with diluted EPS decreasing 30% to $0.54. The company maintained shareholder returns, distributing approximately $1.1 billion through dividends ($594 million, up 6%) and share repurchases ($499 million). Under the current $18 billion repurchase program, 119.3 million shares have been repurchased for approximately $11.8 billion.

Inventory levels were down 2% compared to the prior year, while cash and equivalents stood at $10.4 billion, representing a slight decrease from last year.

NIKE (NYSE: NKE) has announced it will release its third quarter fiscal 2025 financial results on Thursday, March 20, 2025, at approximately 1:15 p.m. PT, after market close. The company will host a conference call at 2:00 p.m. PT to review the results, which will be broadcast live online at investors.nike.com.

An archived version of the call will remain available at the same location until 9:00 p.m. PT, April 10, 2025. The announcement comes from NIKE, the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories, headquartered in Beaverton, Oregon.

Nike (NYSE: NKE) and SKIMS have announced a long-term partnership to launch NikeSKIMS, a new brand targeting the global fitness and activewear industry. The collaboration combines Nike's expertise in sports innovation and athlete insights with SKIMS' focus on body-inclusive design.

The first collection will debut in the United States this Spring, with a global rollout planned for 2026. The product line will include apparel, footwear, and accessories, designed to fit diverse body types and enhance natural form. The brand aims to create products that make athletes feel both strong and confident.

This partnership brings together Nike's position as a leader in athletic performance with SKIMS' success in revolutionizing the intimates and loungewear industry. The collaboration focuses on delivering industry-leading innovation while emphasizing inclusivity and body confidence.

NIKE (NYSE: NKE) has announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share. The dividend will be paid on both Class A and Class B Common Stock. Shareholders who are on record at the close of business on March 3, 2025, will receive the payment on April 1, 2025.

NIKE (NYSE:NKE) reported fiscal 2025 Q2 results with revenues of $12.4 billion, down 8% year-over-year. NIKE Direct revenues decreased 13% to $5.0 billion, while wholesale revenues declined 3% to $6.9 billion. The company's gross margin decreased 100 basis points to 43.6%. Net income fell 26% to $1.2 billion, with diluted EPS at $0.78, down 24%.

The company maintained strong shareholder returns, returning approximately $1.6 billion through dividends ($557 million, up 7%) and share repurchases ($1.1 billion). Inventories remained flat at $8.0 billion, while cash and equivalents stood at $9.8 billion, down $0.2 billion from last year.

Nike (NYSE: NKE) and the NFL have announced a 10-year partnership extension through 2038, building on their 12-year collaboration as the exclusive provider of uniforms and apparel for all 32 NFL teams. The renewed partnership focuses on four key initiatives: global expansion of the sport, player health and safety improvements through Nike's Sport Research Lab, football development programs at grassroots through collegiate levels, and enhanced fan engagement through storytelling.

The partnership aims to leverage Nike's expertise in product innovation and design to address player safety concerns, particularly regarding lower extremity injuries and footwear safety. Both organizations will collaborate to grow football's global reach, increase participation, and develop new talent while supporting both flag and tackle football programs.

NIKE (NYSE: NKE) has announced that Treasure Heinle, current Chief Talent Officer, will become the company's new Executive Vice President and Chief Human Resources Officer (CHRO), effective January 6, 2025. Heinle, who joined NIKE in 2012, will succeed Monique Matheson, who is retiring after 26 years with the company. In her new role, Heinle will lead the global HR function and manage NIKE's People vision and strategy, reporting directly to CEO Elliott Hill. Heinle previously held HR leadership positions at Danaher, Tektronix, and In-Focus before joining NIKE.

NIKE has scheduled the release of its second quarter fiscal 2025 financial results for Thursday, December 19, 2024, at approximately 1:15 p.m. PT, after market close. A conference call with management will follow at 2:00 p.m. PT to review the results. The call will be broadcast live online at investors.nike.com, with an archived version available until January 10, 2025, at 9:00 p.m. PT.

NIKE (NYSE: NKE) has announced a quarterly cash dividend of $0.40 per share on Class A and Class B Common Stock, marking an 8% increase from the previous rate of $0.37 per share. The dividend will be payable on January 2, 2025, to shareholders of record as of December 2, 2024. This announcement represents Nike's 23rd consecutive year of increasing its quarterly dividend.