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Nike Inc (NKE.N)

NKE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nike CEO Mark Parker's 2017 total compensation $13.9 mln vs $47.6 mln in 2016 - SEC filing
6:15pm EDT 

July 25 (Reuters) - Nike Inc :Says CEO Mark Parker's fiscal year 2017 total compensation was $13.9 million versus $47.6 million in fiscal year 2016 - SEC filing.Says CEO Mark Parker's fiscal year 2016 total compensation includes $33.5 million of stock awards.Says president, Nike Brand Trevor Edwards' fiscal year 2017 total compensation was $5.0 million versus $6.6 million in fiscal year 2016.  Full Article

Nike Q4 earnings per share $0.60
Thursday, 29 Jun 2017 04:15pm EDT 

June 29 (Reuters) - Nike Inc ::Nike Inc reports fiscal 2017 fourth quarter and full year results.Q4 earnings per share $0.60.Q4 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Q4 revenue $8.7 billion versus I/B/E/S view $8.63 billion.Nike Inc - qtrly gross margin declined 180 basis points to 44.1 percent.Nike Inc - qtrly selling and administrative expense decreased 4 percent to $2.7 billion.Nike Inc - inventories for Nike Inc at quarter-end were $5.1 billion, up 4 percent from May 31, 2016.Nike Inc - Q4 western Europe total revenue $‍1,564​ million versus $1,502 million.Nike Inc qtrly North America total revenue $3,753 million versus $3,735 million.Nike Inc - Q4 Greater China total revenue $‍1,087​ million versus $979 million.Nike Inc - international geographies and direct-to-consumer (DTC) businesses globally led "strong" revenue growth in Q4 and full year.  Full Article

Nike says ‍introduced consumer direct offense, a company alignment that allows to better serve consumer personally
Thursday, 15 Jun 2017 09:00am EDT 

June 15 (Reuters) - Nike Inc :Nike Inc - ‍introduced consumer direct offense, a new company alignment that allows nike to better serve consumer personally, at scale​.Nike Inc - ‍all key cities and countries are supported by a simplified geography structure, changing from six to four segments.Nike Inc - ‍four new segments are north america; europe, middle east and africa (emea); greater china; and asia pacific and latin america (apla)​.Nike Inc - ‍financial results for nike brand will be reported based on new four operating segments beginning in fiscal 2018​.Nike Inc - ‍nike's leadership and organizational changes will streamline and speed up strategic execution​.Nike Inc - ‍changes are also expected to result in an overall reduction of approximately 2 percent of company's global workforce​.  Full Article

J C Penney CEO -"Have no great optimism we'll be able to swing overall apparel to positive (in 2017)"
Friday, 12 May 2017 10:11am EDT 

May 12 (Reuters) - J C Penney Co Inc :On conf call- pleased with Q1 performance in active apparel and dress business, these improvements bode well for the balance of 2017.On conf call- in the process of rolling out 100 new appliance showrooms this month.Focus on pricing analytics, store operations, supply chain, merchandising systems are beginning to help gross margin.Units per transaction and average unit retail were up in Q1.CFO - expect 80 basis points impact to gross margins from store closures in Q2.CFO - expect total inventory to be down atleast 5 percent at end of 2017 from 2016.CEO- will open 70 new Sephora locations in 2017, ending year wth nearly 650 locations.CEO- expanding 24 existing Sephora growing each location by nearly 50% to accommodate more products and client services.CEO- conducting several tests within our home store focus on home services programs.CEO- will offer vastly improved assortment Nike depts in 600 stores, adding women’s Adidas apparel to 400 stores by back to school.CEO- have cut 40 % of supply chain time on private-label brands.CEO- overall apparel performed worse than company's comp sales in Q1, " have no great optimism we'll be able to swing overall apparel to positive (in 2017)".Rolling out single view of inventory for stores and online.  Full Article

Nike declares $0.18 quarterly dividend
Thursday, 11 May 2017 04:15pm EDT 

May 11 (Reuters) - Nike Inc ::Nike, inc. Declares $0.18 quarterly dividend.Sets quarterly dividend of $0.18per share.  Full Article

AIK Fotboll starts new cooperation with Nike from 2018
Tuesday, 9 May 2017 06:28am EDT 

May 9 (Reuters) - AIK FOTBOLL AB :AIK FOTBOLL STARTS NEW COOPERATION WITH NIKE FROM 2018.  Full Article

Nike posts Q3 earnings per share $0.68
Tuesday, 21 Mar 2017 04:15pm EDT 

Nike Inc : Nike Inc reports fiscal 2017 third quarter results . Q3 earnings per share $0.68 . Q3 earnings per share view $0.53 -- Thomson Reuters I/B/E/S . Q3 revenue $8.4 billion versus I/B/E/S view $8.46 billion . Nike Inc says qtrly Western Europe total revenue $1,499 million versus $1,442 million . Nike Inc - quarter-end inventories for Nike Inc were $4.9 billion, up 7 percent compared to prior year . Qtrly selling and administrative expense decreased 3 percent to $2.5 billion . Qtrly gross margin contracted 140 basis points to 44.5 percent . Nike Inc - qtrly North America total revenue $3,782 million versus $3,683 million .Nike Inc - qtrly Greater China total revenue $1,075 million versus $982 million.  Full Article

Nike declares $0.18 quarterly dividend
Thursday, 16 Feb 2017 04:15pm EST 

Nike Inc :Nike declares $0.18 quarterly dividend.  Full Article

Perry Ellis International enters into distribution agreements for Nike Swim in Latin America
Friday, 20 Jan 2017 09:00am EST 

Perry Ellis International Inc : Perry Ellis international enters into distribution agreements for Nike Swim in Latin America .Perry Ellis -entered into Nike swim distribution agreements in Latin America with R1 sports LTDA in Brazil, Uldin SA in Argentina, Uruguay and Paraguay.  Full Article

Nike CFO- Expect Q3 reported revenue to grow in mid single-digit range
Tuesday, 20 Dec 2016 06:16pm EST 

Nike Inc : CEO on conf call- "there are areas in the short-term where we haven't executed as precisely as we would have liked" . CEO on conf call- scaling a process we call the express lane which allows us to go from creation to market in weeks instead of months. . CEO on conf call- .in q12 direct to consumer business grew 23% with Nike. Com leading the way at 46% . President on Nike Brands- the Apple Watch Nike Plus is selling well ahead of our plans . President on Nike Brands- N.America inventory down 4%., "we continue to keep supply tight which you'll see reflected in futures" . CFO- for the full year, continue to expect reported revenue growth in the high single-digit range . CFO- FX headwinds from further strengthening of the u.s. Dollar have put downward pressure on our second half revenue forecast . CFO- for Q3, expect reported revenue to grow squarely in the mid single-digit range . CFO- expect q3 gross margin to contract by approximately 100 to 125 basis points driven primarily by fx. . Ceo on conf call- "direct-to-consumer continues to be one of the greatest returns on investment" . President on Nike Brands- "we're seeing incredible momentum in basketball, to be clear, basketball is back" . President on Nike Brands- we expect a return to growth in nike basketball over the back half of the fiscal year.  Full Article

BRIEF-Nike CEO Mark Parker's 2017 total compensation $13.9 mln vs $47.6 mln in 2016 - SEC filing

* Says CEO Mark Parker's fiscal year 2017 total compensation was $13.9 million versus $47.6 million in fiscal year 2016 - SEC filing