Nike Cl B (NKE) Stock News

NIKE (NYSE:NKE) has announced significant leadership changes to accelerate its Win Now action plan. Amy Montagne has been promoted to President of Nike, Phil McCartney becomes EVP, Chief Innovation, Design & Product Officer, Nicole Graham is elevated to EVP, Chief Marketing Officer, and Tom Clarke assumes the role of Chief Growth Initiatives Officer. These changes follow the retirement of Heidi O'Neill, President of Consumer, Product, and Brand, after 26 years with the company. The restructuring divides Consumer, Product, and Brand leadership into three distinct areas: Consumer and Sport, Marketing, and Product Creation. All new roles will report directly to CEO Elliott Hill and are effective immediately. O'Neill will continue in an advisory capacity until September 2025.

NIKE (NYSE: NKE) has announced a quarterly cash dividend of $0.40 per share for both its Class A and Class B Common Stock. The dividend will be paid on July 1, 2025, to shareholders who are on record as of the close of business on June 2, 2025.

Nike's (NYSE: NKE) former Chief Marketing Officer and Olympic athlete DJ van Hameren has joined Arctos as an Operating Advisor. At Nike, van Hameren led a global team of over 2,000 people and managed a multi-billion-dollar operating budget. He also served as Executive Vice President, Olympics for Nike Inc., overseeing enterprise planning across Nike, Jordan, and Converse for the 2024 Olympic Games.

Van Hameren joins Arctos's Operating Platform, which includes more than 10 Operating Partners and Advisors. His expertise spans brand marketing, product management, athlete & influencer management, merchandising, and sponsorship strategy. Before his corporate career, van Hameren was a two-time Olympian representing the Netherlands in track cycling at the 1992 and 1996 Olympic Games.

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.