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. reports company developments tied to its global athletic footwear, apparel, equipment and accessories business. Recurring updates include quarterly financial results, NIKE Brand performance, NIKE Direct and wholesale channel trends, inventory commentary, currency-neutral revenue measures, and geographic activity across markets such as North America, EMEA and Greater China.
News also covers cash dividends on the company's Class A and Class B common stock, brand and retail campaigns involving Nike, Jordan Brand and Converse, and organizational changes affecting senior leadership and geographic management. Converse is a wholly owned NIKE subsidiary brand focused on athletic lifestyle footwear, apparel and accessories.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.275 per share on its Class A and Class B Common Stock. This dividend will be payable on April 1, 2021, to shareholders of record as of the close of business on March 1, 2021. This announcement reflects NIKE's commitment to returning value to its shareholders.
NIKE reported fiscal Q2 2021 revenues of $11.2 billion, increasing 9% year-over-year. NIKE Direct sales rose 32% to $4.3 billion, with digital sales soaring 84%. Gross margin slightly dipped to 43.1%% due to promotional activities linked to COVID-19. Net income was $1.3 billion, an 12% increase, while diluted EPS reached $0.78, up 11%. Despite challenges from store closures and reduced foot traffic, NIKE's inventory levels improved 2%. The company continues a strong dividend tradition, paying $385 million to shareholders.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.275 per share, a 12% increase from the previous $0.245. This dividend is payable on December 29, 2020 to shareholders of record by December 7, 2020. This marks NIKE's 19th consecutive year of dividend increases, reflecting the company’s financial strength and commitment to returning capital to shareholders. The company continues to invest in digital transformation initiatives aimed at driving long-term growth.
NIKE, Inc. (NYSE: NKE) will release its Q2 fiscal 2021 financial results on December 18, 2020, at approximately 1:15 p.m. PT, after regular trading hours. A live conference call to review the results will follow at 2:00 p.m. PT, accessible via the NIKE investor website. An archived version of the call will be available until January 8, 2021. NIKE is a global leader in authentic athletic footwear and apparel, also includes the Converse brand.