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. (NKE) remains a global leader in athletic innovation, delivering cutting-edge footwear and performance apparel through strategic partnerships and consumer-focused design. This dedicated news hub provides investors and industry observers with essential updates directly impacting the company's market position and operational strategy.
Access timely corporate announcements including quarterly earnings reports, product launch details, executive leadership changes, and sustainability initiatives. Our curated collection features official press releases covering manufacturing advancements, retail expansions, and brand collaborations like the notable NikeSKIMS partnership.
Monitor critical developments across Nike's core business segments: performance footwear innovations, direct-to-consumer sales growth, global supply chain enhancements, and athlete endorsement programs. Stay informed about material events affecting the $30B+ athletic apparel market through verified financial disclosures and operational updates.
Bookmark this page for structured access to Nike's latest strategic moves, maintaining awareness of both immediate developments and long-term brand initiatives in the competitive sportswear sector.
Cognizant (NASDAQ: CTSH) has announced a new five-year agreement with Nike (NYSE: NKE) to enhance technology operations across over 230 locations in more than 40 countries. This partnership builds on a 14-year collaboration and aims to improve customer, employee, and partner experiences through multilingual IT support, application assistance, and infrastructure management.
The agreement includes on-site and remote technical support for Nike's 70,000 employees and emphasizes hyper-automation and AI to drive efficiency and cost savings. Cognizant's expertise is expected to support Nike's ongoing digital transformation, enhancing product innovation and consumer connection.
NIKE, Inc. (NYSE: NKE) has announced a transition in its executive leadership team.
NIKE, Inc. (NYSE:NKE) reported third-quarter fiscal 2023 results, with revenues reaching $12.4 billion, a 14% increase year-over-year and 19% on a currency-neutral basis. NIKE Direct sales grew 17% to $5.3 billion, while Digital sales rose 20%. However, gross margin fell 330 basis points to 43.3%, primarily due to elevated costs and markdowns. Diluted earnings per share decreased 9% to $0.79, and net income was $1.2 billion, down 11%. The company returned $2.0 billion to shareholders through dividends and share repurchases. NIKE is focused on sustainable growth and innovating its product lines amid market challenges.
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