Nike Inc (NKE) Key Developments | Reuters.com
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Nike Inc (NKE)

NKE on New York Consolidated

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

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

Nike Inc enters into a credit agreement for $2 billion - Form 8-K
Wednesday, 2 Sep 2015 04:32pm EDT 

Nike Inc:Enters into credit agreement for up to $2.0 billion of borrowings pursuant to a revolving credit facility.Credit agreement matures in July 2020, with a one year extension option prior to any anniversary of the closing date.Facility replaces $1.0 billion prior credit agreement.  Full Article

Nike declares $0.28 quarterly dividend
Monday, 10 Aug 2015 04:15pm EDT 

NIKE Inc:Declares a quarterly cash dividend of $0.28 per share on the company's outstanding Class A and Class B Common Stock.Payable on Oct. 5, to shareholders of record at the close of business on Sept. 8.  Full Article

RPT-INSIGHT-Under Armour leads Olympic marketing shake-up after "rule 40" changes

June 29 Against a backdrop of the iconic five rings, legendary swimmer Michael Phelps sat on a United States Olympic Committee stage at a March media event in Los Angeles, telling reporters why he had arrived fashionably late.