Nike Inc Cl B Stock Price, News & Analysis

Nike Inc. (NYSE:NKE) has been named the "Stock to Study" by BetterInvesting Magazine, while Pioneer Natural Resources Co. (NYSE:PXD) is acknowledged as the "Undervalued Stock" for April 2022. BetterInvesting emphasizes the importance of consistent investing, advocating for regular investments regardless of market fluctuations, based on principles established over the past 70 years. The editorial committee urges investors to conduct thorough research using their tools before making any investment decisions.

NIKE, Inc. announced Ann Miller as the new Executive Vice President & General Counsel, effective February 17, 2022. Miller, a 14-year veteran at NIKE, succeeds Hilary Krane, who is retiring after 12 years. CEO John Donahoe praised Miller's leadership and legal expertise, stating she has made significant contributions to the company. Prior to her appointment, Miller held several senior roles, including Vice President, Corporate Secretary, and Chief Ethics & Compliance Officer, overseeing corporate governance and legal matters.

NIKE, Inc. (NYSE:NKE) reported its fiscal 2022 second-quarter results, highlighting revenues of $11.4 billion, a 1% increase year-over-year. NIKE Direct sales grew by 9% to $4.7 billion, with a significant surge in Digital sales, up 12% driven by a 40% growth in North America. Gross margin expanded by 280 basis points to 45.9%, while diluted earnings per share reached $0.83, a 6% increase. Despite supply chain issues affecting revenue in Greater China and APLA, NIKE's inventory rose 7% to $6.5 billion. The company remains committed to its growth strategy, returning $1.4 billion to shareholders.

NIKE, Inc. (NYSE: NKE) has acquired RTFKT, a brand known for its innovation in digital collectibles and virtual sneakers. This acquisition aims to enhance Nike's digital transformation, merging sport, creativity, gaming, and culture. John Donahoe, NIKE's CEO, emphasized the intent to invest in RTFKT's brand and community. Founded in 2020, RTFKT leverages advanced technologies like NFTs and augmented reality to create unique virtual products. The financial terms of the deal were not disclosed.

NIKE, Inc. (NYSE: NKE) recently announced an 11% increase in its quarterly cash dividend, now set at $0.305 per share, up from $0.275. This dividend will be paid on December 28, 2021 to shareholders of record as of December 6, 2021. This marks the company’s 20th consecutive year of increasing dividends, reflecting NIKE's strong cash flow and confidence in its growth prospects.

NIKE, Inc. (NYSE: NKE) is set to release its second quarter fiscal 2022 financial results on December 20, 2021, at 1:15 p.m. PT. Following this, a conference call will be held at 2:00 p.m. PT to discuss the results. The call will be accessible live via the internet, with an archived version available until January 10, 2022. NIKE is recognized globally for designing, marketing, and distributing athletic footwear, apparel, and equipment across various sports.

DICK'S Sporting Goods (NYSE: DKS) and NIKE (NYSE: NKE) announced a transformative partnership to enhance the shopping experience for their customers. The collaboration allows users to connect their DICK'S Scorecard and NIKE Membership accounts via the DICK'S mobile app, granting access to exclusive products and member-only events. Key features include member-exclusive launches, such as a NIKE Air Force 1 release on Nov. 4, 2021, and in-store events starting in November. The partnership aims to deliver better experiences and meet evolving customer needs.

NIKE, Inc. (NYSE:NKE) reported strong fiscal Q1 2022 results, with revenues reaching $12.2 billion, a 16% increase year-over-year. NIKE Direct sales surged 28% to $4.7 billion, while digital sales saw a 29% increase. Gross margin improved by 170 basis points to 46.5%. Diluted earnings per share rose 22% to $1.16. The company returned approximately $1.2 billion to shareholders, including $435 million in dividends. Strong demand and innovative strategies are driving NIKE’s growth, even amidst supply chain challenges.

NIKE, Inc. (NYSE: NKE) will release its first quarter fiscal 2022 financial results on September 23, 2021, at 1:15 p.m. PT. A conference call is scheduled for 2:00 p.m. PT to discuss the results, which will be accessible live via the NIKE investor website. An archived version of the call will be available until October 7, 2021.

As the leading designer and distributor of athletic footwear and apparel, NIKE continues to engage shareholders with timely updates on financial performance and strategic direction.