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. (NYSE: NKE) is a Beaverton, Oregon-based footwear manufacturing company that describes itself as the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories. The NKE news feed on Stock Titan brings together company announcements, earnings releases and other material updates drawn from official sources and financial news providers.
Investors and followers of Nike can use this page to review the company’s regular earnings reports, where Nike discloses revenues for NIKE, Inc., the NIKE Brand and Converse, along with details by geography and product category. These releases also discuss trends in NIKE Direct and wholesale revenues, gross margin, selling and administrative expenses, and other key financial metrics that the company highlights for each quarter and fiscal year.
Nike’s news often covers strategic themes described by the company, such as its “Win Now” actions and “sport offense” realignment, which it references in the context of repositioning the business for growth. Updates may include commentary from senior leadership on performance in regions like North America, Europe, Middle East & Africa, Greater China, and Asia Pacific & Latin America, as well as the performance of brands such as Nike, Jordan, NikeSKIMS and Converse.
This page can also surface announcements on dividends and capital returns, where Nike reports its record of consecutive annual dividend increases and provides details on quarterly dividend declarations. Leadership and governance developments, including changes to the senior leadership team, stock incentive plans and board matters reported in press releases or Form 8-K filings, may also appear in the news stream.
By monitoring this NKE news page, readers can follow Nike’s official communications about its financial results, brand initiatives and corporate actions as they are released.
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.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.305 per share on its Class A and Class B Common Stock. The dividend will be payable on October 3, 2022, to shareholders of record by the close of business on September 6, 2022. This decision reflects NIKE's ongoing commitment to returning value to its shareholders and maintaining a strong financial position in the competitive athletic footwear and apparel market.
NIKE, Inc. (NYSE:NKE) reported its fiscal 2022 Q4 results with revenues of $12.2 billion, a 1% decline year-over-year but up 3% on a currency-neutral basis. NIKE Direct revenues grew 7% to $4.8 billion. Gross margin decreased 80 basis points to 45%. Net income was $1.4 billion, down 5%, resulting in diluted EPS of $0.90, a 3% decrease. The Board authorized an $18 billion share repurchase program. For the full year, revenues increased 5% to $46.7 billion with net income up 6%.
NIKE, Inc. (NYSE: NKE) will release its fourth quarter fiscal 2022 financial results on June 27, 2022, at around 1:15 p.m. PT. A conference call to discuss these results will follow at 2:00 p.m. PT. Investors can access the live broadcast online at investors.nike.com, with an archived version available until July 18, 2022. NIKE, based in Beaverton, Oregon, is a leading designer and distributor of athletic footwear, apparel, and equipment.
NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.305 per share for its outstanding Class A and Class B Common Stock. This dividend will be payable on July 1, 2022, to shareholders recorded by June 6, 2022. This announcement reflects the company's commitment to returning value to its shareholders while maintaining its status as a leading designer and distributor of athletic footwear and apparel.
NIKE, Inc. (NYSE:NKE) reported a 5% revenue increase for fiscal Q3 2022, totaling $10.9 billion, with a notable 15% surge in NIKE Direct sales to $4.6 billion. Digital sales soared 19%, driven by a 33% rise in North America. Gross margin expanded by 100 basis points to 46.6%. However, net income dipped 4% to $1.4 billion, with diluted EPS at $0.87. The company continues to return value to shareholders, with $1.7 billion returned in Q3, including a 12% increase in dividends. Management cited strong consumer demand despite supply chain challenges.
NIKE, Inc. (NYSE: NKE) will release its third quarter fiscal 2022 financial results on March 21, 2022, at approximately 1:15 p.m. PT. Following the release, management will host a conference call at 2:00 p.m. PT to discuss the results.
The conference call will be streamed live and available for later access until April 11, 2022, at 9:00 p.m. PT. For more details, visit investors.nike.com.