Nike Inc Cl B Stock Price, News & Analysis

NIKE, Inc. (NYSE: NKE) is set to release its third quarter fiscal 2023 financial results on Tuesday, March 21, 2023, at around 1:15 p.m. PT. Following the announcement, a conference call will occur at 2:00 p.m. PT to discuss the results. Investors and analysts can access the live broadcast via the company's investor website. For those unable to attend, an archived version will be available until April 11, 2023. NIKE, known for its athletic footwear and apparel, continues to adapt to market demands. For further updates, visit their investor relations page.

NIKE, Inc. (NYSE: NKE) has announced a quarterly cash dividend of $0.340 per share. This dividend is set to be paid on April 3, 2023, to shareholders on record as of the close of business March 6, 2023. NIKE continues as a leader in designing, marketing, and distributing athletic footwear, apparel, and accessories worldwide. The company's consistent dividend policy reflects its commitment to returning value to shareholders.

NIKE, Inc. (NYSE:NKE) reported fiscal 2023 Q2 revenues of $13.3 billion, up 17% year-over-year and 27% on a currency-neutral basis. NIKE Direct sales reached $5.4 billion, an increase of 16%. The gross margin decreased by 300 basis points to 42.9%, impacted by higher markdowns and logistics costs. Net income remained flat at $1.3 billion, resulting in diluted earnings per share of $0.85, a 2% increase. NIKE returned $2.1 billion to shareholders, maintaining a strong dividend track record with 21 consecutive years of increases.

NIKE, Inc. (NYSE: NKE) will unveil its second quarter fiscal 2023 financial results on Tuesday, December 20, 2022, at 1:15 p.m. PT. A management conference call will follow at 2:00 p.m. PT for detailed insights into the results. Shareholders can access the call via investors.nike.com and listen to an archived version until January 10, 2023, at 9:00 p.m. PT. NIKE continues to be a leading name in athletic footwear and apparel worldwide.

NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.340 per share, marking an 11% increase from the previous rate of $0.305. This dividend is payable on December 28, 2022 to shareholders on record by December 5, 2022. This announcement highlights NIKE's 21st consecutive year of dividend increases, aligning with its Consumer Direct Acceleration strategy aimed at enhancing digital capabilities and supporting long-term growth.

NIKE, Inc. (NYSE:NKE) reported fiscal 2023 first-quarter results with revenues of $12.7 billion, a 4% increase year-over-year, and a 10% rise on a currency-neutral basis. NIKE Direct sales rose by 8% to $5.1 billion, while digital sales surged 16%. However, gross margin declined by 220 basis points to 44.3%, and diluted earnings per share fell 20% to $0.93. Net income decreased by 22% to $1.5 billion. Inventory levels rose significantly, up 44% to $9.7 billion, amid supply chain issues. Shareholder returns included $1.5 billion through dividends and share repurchases.

NIKE, Inc. (NYSE:NKE) has appointed Mónica Gil and Bob Swan to its Board of Directors. Gil, currently Chief Administrative and Marketing Officer at NBCUniversal Telemundo Enterprises, brings expertise in consumer behavior and digital marketing. Swan, former CEO of Intel Corporation, has vast experience in managing large organizations and driving sales growth, with a track record of increasing Intel's annual sales by $25 billion. Mark Parker, Executive Chairman, expressed confidence that their leadership will help NIKE advance its strategy and create value in the sports sector.

NIKE, Inc. (NYSE: NKE) will release its first quarter fiscal 2023 financial results on September 29, 2022, at approximately 1:15 p.m. PT. Following the announcement, management will conduct a conference call at 2:00 p.m. PT to discuss the results. Investors can access the live broadcast and an archived version until October 20, 2022, at http://investors.nike.com. NIKE, based in Beaverton, Oregon, is a leading designer and distributor of athletic footwear and apparel.

Dutch Bros Inc. has appointed Ann Miller to its Board of Directors, expanding the board to nine members. Miller is currently the Executive Vice President and Chief Legal Officer at NIKE and has extensive experience in corporate governance. Her role at Dutch Bros includes serving on the Audit and Risk Committee. The company aims to enhance its governance while continuing to grow in the competitive food service and restaurant industry, focusing on high-quality beverages and community-driven culture.