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. reports company developments tied to its global athletic footwear, apparel, equipment and accessories business. Recurring updates include quarterly financial results, NIKE Brand performance, NIKE Direct and wholesale channel trends, inventory commentary, currency-neutral revenue measures, and geographic activity across markets such as North America, EMEA and Greater China.
News also covers cash dividends on the company's Class A and Class B common stock, brand and retail campaigns involving Nike, Jordan Brand and Converse, and organizational changes affecting senior leadership and geographic management. Converse is a wholly owned NIKE subsidiary brand focused on athletic lifestyle footwear, apparel and accessories.
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 Investors can access the live broadcast online at investors.nike.com, with an archived version available until July 18, 2022.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.
NIKE, Inc. (NYSE: NKE) declared a quarterly cash dividend of $0.305 per share on its Class A and Class B Common Stock. This dividend will be payable on April 1, 2022, to shareholders of record as of the close of business on March 7, 2022. This announcement reflects NIKE's commitment to returning value to its shareholders while maintaining its position as a leading designer and distributor of athletic wear worldwide.
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.