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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 appoints Tim Cook as lead independent director of Board
Thursday, 30 Jun 2016 04:30pm EDT 

Nike Inc : Nike, Inc. And Phil Knight complete planned chairman succession . Nike Inc says Phil Knight appointed chairman emeritus . Nike Inc says Mark Parker, Nike president and CEO, to now also serve as chairman . Also announced today that Tim Cook, CEO of Apple, has been appointed lead independent director of board, effective immediately . Phil Knight announced that he has sold his voting interests in Swoosh Llc to hold majority of his shares of Nike Class A common stock . Phil Knight sold his voting interests in Swoosh Llc to a trust controlled by his son and Nike director, Travis Knight .After sale of swoosh voting interests, Travis controls two of five votes on swoosh board, with remaining three votes exercised by Nike directors Mark Parker, Alan Graf, Jr., John Donahoe.  Full Article

Nike expects FY 2017 outlook largely in line with prior guidance
Tuesday, 28 Jun 2016 06:51pm EDT 

Nike Inc : Looking ahead to Q1 will continue to clear excess inventory through factory stores and select third party value channels - conf call . North America's gross margin to contract in Q1, to return to gross margin expansion over course of fiscal year 2017 - conf call . Sees outlook for fiscal year 17 largely in line with prior guidance - conf call . For fiscal year 17 expect reported revenue to grow at a high single digit rate - conf call Further company coverage: [NKE.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Nike reports Q4 earnings per share $0.49
Tuesday, 28 Jun 2016 04:15pm EDT 

Nike Inc : Reports fiscal 2016 fourth quarter and full year results . Q4 earnings per share $0.49 . Q4 earnings per share view $0.48 -- Thomson Reuters I/B/E/S . Q4 revenue $8.2 billion versus I/B/E/S view $8.28 billion . Q4 gross margin declined 30 basis points to 45.9 percent . quarter-end inventories for Nike were $4.8 billion, up 12 percent from May 31, 2015 . Q4 total North America revenue $3.74 billion versus $3.73 billion last year . Q4 demand creation expense was $873 million, up 7 percent . As of May 31, worldwide futures orders for Nike brand athletic footwear, apparel scheduled for delivery from June to November was $14.9 billion, 8% higher . Q4 total western Europe revenue $1.50 billion versus $1.27 billion last year . Reported futures orders growth for Greater China were 19% at quarter end . Qtrly total Greater China revenue $979 million versus $829 million last year . As of May 31, worldwide futures orders for Nike athletic footwear, apparel scheduled for delivery from June to Nov 11 percent higher on currency neutral basis .Qtrly revenues for Nike brand were $7.7 billion, up 8 percent on a currency-neutral basis driven by double-digit growth in western Europe.  Full Article

Nike said to agree to $87 million apparel deal with Chelsea- Bloomberg
Tuesday, 17 May 2016 08:35pm EDT 

: Nike said to agree to $87 million apparel deal with Chelsea- Bloomberg, citing sources . Nike will pay as much as 60 mln pounds ($87 mln) per season over at least 10 years to outfit Chelsea starting in 2017-Bloomberg, citing sources Source (http://bloom.bg/1Tmwjo7) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Nike declares $0.16 qtrly dividend
Friday, 13 May 2016 04:15pm EDT 

Nike Inc : Declares $0.16 quarterly dividend .Says has declared a quarterly cash dividend of $0.16 per share on company's outstanding Class A and Class B common stock.  Full Article

NIKE Inc declares $0.16 quarterly dividend
Thursday, 11 Feb 2016 04:16pm EST 

NIKE Inc:Declared a quarterly cash dividend of $0.16 per share on the company's outstanding Class A and Class B Common Stock payable on April 4, 2016, to shareholders of record at the close of business on March 7, 2016.  Full Article

NIKE, Inc announces new $12 billion share buyback
Thursday, 19 Nov 2015 04:15pm EST 

NIKE, Inc:Announces new $12 billion share repurchase program, 14 percent increase in quarterly dividend, and two-for-one stock split.Says anticipates that the current $8 billion share repurchase program will be completed before the end of fiscal 2016.New repurchase program will commence upon the completion of the current program.Says declared a quarterly cash dividend on the company's outstanding class a and class b common stock of $0.32 per share.Says board of directors also approved a two-for-one split of both nike's class a and class b common shares.Declared a quarterly cash dividend on the company's outstanding class a and class b common stock of $0.32 per share.Says dividend represents a 14 percent increase over the previous pre-split quarterly rate of $0.28 per share.Says stock split will be in the form of a 100 percent stock dividend.  Full Article

Nike Inc gives FY 2020 revenue guidance above analysts' estimates
Wednesday, 14 Oct 2015 05:39pm EDT 

Nike Inc:Announced a revenue target of $50 billion by the end of fiscal year 2020.FY 2020 revenue of $47.52 billion - Thomson Reuters I/B/E/S.  Full Article

Nike Inc - Cambodia ups minimum wage for textiles but short of demands - Reuters
Wednesday, 7 Oct 2015 08:00pm EDT 

Nike Inc:Cambodia agreed on Thursday to raise the monthly minimum wage for its crucial textiles sector to $140 from next year, short of demands by trade unions long at odds with the government over pay - Reuters.The decision was made in a vote by representatives of the government, factories and unions, with the majority supporting an increase to $135 a month from $128. The government then raised that to $140 - Reuters.Pay for the 600,000 people who work in mostly Asian-owned factories, churning out clothes and shoes for the likes of Gap, Nike, Adidas, H&M and Inditex has been a thorny issue in impoverished Cambodia - Reuters.Major unions had been seeking a minimum wage of $160 a month, having scaled down an initial demand from $177, and threatened strikes. It was unclear if they would follow through - Reuters."This figure is reasonable and acceptable. Even it's not acceptable to all, we have no choice," Labour Minister Ith Sam Heng told reporters - Reuters.  Full Article

BRIEF-Nike Inc recasts segment financials in connection with the consumer direct offense

* Nike Inc recasts segment financials in connection with the consumer direct offense