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Nike Inc (NKE)

NKE on New York Consolidated

55.15USD
23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Nike, Apollo Global in partnership for apparel manufacturing
Thursday, 18 Aug 2016 04:15pm EDT 

Apollo Global Management : Affiliates of Apollo Global Management and Nike Inc announce strategic partnership for apparel manufacturing in the Americas . Terms of agreements were not disclosed . Investment is made by Apollo-managed special situations I fund . For partnership, a new apparel supply chain company has acquired existing apparel suppliers in north and central America .New supply chain company has acquired apparel manufacturer New Holland & embellishment, warehousing and logistics operator ArtFx.  Full Article

Nike declares $0.16 quarterly dividend
Thursday, 11 Aug 2016 04:15pm EDT 

Nike Inc :Nike Inc declares $0.16 quarterly dividend.  Full Article

Nike to transition out of making golf equipment
Wednesday, 3 Aug 2016 05:00pm EDT 

Nike Inc : Nike golf will transition out of equipment - including clubs, balls and bags ."Will accelerate innovation in its golf footwear and apparel business and will partner with more of world's best golfers".  Full Article

Nike launches new Nike+ app
Tuesday, 2 Aug 2016 09:00am EDT 

Nike Inc : Nike Inc launches new Nike+ app .Also announced that it will open its first digital studio in NYC.  Full Article

Nike's CEO FY 2016 total compensation $47.6 mln
Monday, 25 Jul 2016 04:41pm EDT 

Nike Inc : Says CFO Andrew Campion FY 2016 total compensation $4.8 million - SEC filing .CEO Mark Parker FY 2016 total compensation was $47.6 million versus $16.8 million in FY 2015.  Full Article

Nike files for debt shelf offering
Thursday, 21 Jul 2016 04:28pm EDT 

Nike Inc :Files for debt shelf offering; size not disclosed.  Full Article

Nike announces Steve Lesnard VP, GM of global running
Monday, 18 Jul 2016 04:33pm EDT 

Nike Inc : Lesnard succeeds Patrick Seehafer who will become VP, Europe merchandising . Position is effective august 1, and Lesnard will report to Jayme Martin, VP, GM Global Categories . Nike, inc. Announces new VP, GM of global running .Steve Lesnard will become VP, gm of global running.  Full Article

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

BRIEF-Gaming Innovation Group signs deal with Slovakian operator

* Has signed an agreement with Niké, Slovakian operator, for integration of GIG's iGaming cloud (IGC) platform