Key Developments: Nike Inc (NKE)

NKE on New York Consolidated

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30 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Nike Inc Issues FY 2014 EPS Guidance In Line With Analysts' Estiamtes-Conference Call
Thursday, 27 Jun 2013 05:00pm EDT 

Nike Inc announced that for fiscal 2014, it expects EPS to grow at a low-double-digit rate. The Company reported EPS of $2.70 in fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.05 for fiscal 2014.  Full Article

Nike Inc Pulls Plug on Livestrong Line-WSJ
Tuesday, 28 May 2013 01:09am EDT 

The Wall Street Journal reported that Nike Inc is pulling the plug on its Livestrong brand of sneakers and clothing after a nine year relationship with the foundation started by Lance Armstrong and best known for its yellow wristbands, which helped raise more than $100 million for cancer survivors. A Nike spokeswoman confirmed that the Company will stop producing new Livestrong products at the end of the year after having distributed 87 million wristbands to benefit the foundation. The footwear giant had already ended its sponsorship of the former pro cyclist last October, citing what Nike called insurmountable evidence that Mr. Armstrong had used performance-enhancing drugs and misled the Company about that for more than a decade. At the time, Nike said it would continue to support the charity and license the Livestrong brand for a collection of clothing, shoes and other merchandise. The agreement between Nike and the foundation expires at the end of 2014.  Full Article

Nike Inc Declares $0.21 Quarterly Dividend
Monday, 13 May 2013 04:15pm EDT 

Nike Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per share on the Company's outstanding Class A and Class B Common Stock payable on July 1, 2013, to shareholders of record at the close of business on June 3, 2013.  Full Article

Nike Inc Comments On FY 2014 Guidance-Conference Call
Thursday, 21 Mar 2013 09:00pm EDT 

Nike Inc announced that given the strength of brands and the innovations it il be bringing to consumers, the Company expects to see full-year revenue growth at or slightly above high single-digit target range and EPS growth approaching long-term mid teens target. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $27.193 billion and EPS of $3.01 for fiscal 2014.  Full Article

AS Roma SpA Announces New Sponsorship Agreement with Nike Inc
Wednesday, 13 Mar 2013 12:34pm EDT 

AS Roma SpA announced that it has entered into a new sponsorship agreement with Nike Inc. With the new agreement, Nike becomes the AS Roma club's official apparel and equipment sponsor. The ten-year agreement will begin at the start of the 2014-15 season. Nike will produce all on-pitch and training product, from the first team to the youth teams, as well as off-pitch product for the players and fans.  Full Article

Nike Inc Declares $0.21 Quarterly Dividend
Thursday, 14 Feb 2013 04:15pm EST 

Nike Inc announced that Board of Directors has declared a quarterly cash dividend of $0.21 per share on the Company`s outstanding Class A and Class B Common Stock payable on April 1, 2013, to shareholders of record at the close of business on March 4, 2013.  Full Article

Nike Inc Completes Sale Of Cole Haan To APAX Partners, LLP
Friday, 1 Feb 2013 04:15pm EST 

Nike Inc announced that it has completed the previously announced sale of its Cole Haan affiliate brand to APAX Partners LLP.  Full Article

Nike Inc Wins Trademark Case In US Supreme Court-Reuters
Wednesday, 9 Jan 2013 03:36pm EST 

Reuters reported that Nike Inc has won a victory at the U.S. Supreme Court barring a smaller rival from suing to void the Company's trademark for its top-selling Air Force 1 sneakers. James Dabney, a lawyer for Already, did not immediately respond to requests for comment. Nor did Nike.  Full Article

Nike Inc Comments On Q3, Q4 2013 Revenue Guidance; Reaffirms FY 2013 Revenue Guidance-Conference Call
Thursday, 20 Dec 2012 10:00pm EST 

Nike Inc announced that for the third quarter of 2013, it expects revenue to grow at a low double-digit rate. For the fourth quarter of 2013, it expects mid-single-digit revenue growth. For both third quarter and fourth quarter of 2013, it expect reported revenue growth to be about 1 point lower. For fiscal 2013, it continue to expect high single to low double-digit revenue growth on a constant currency basis, with reported revenue expected to grow mid- to high single digits, reflecting weaker foreign currencies particularly the euro. The Company reported revenue of $25.313 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $6.096 billion for the third quarter of 2013; revenue of $6.720 billion for the fourth quarter of 2013.  Full Article

Iconix Brand Group Inc Completes Acquisition Of Umbro From NIKE Inc
Monday, 3 Dec 2012 08:00am EST 

Iconix Brand Group Inc announced that it has completed the acquisition of the Umbro brand and related intellectual property assets from NIKE Inc for $225 million in cash. The purchase price was funded with the Company's recently announced $600 million securitized financing facility.  Full Article

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Adidas fights to draw top talent to HQ in sleepy Bavarian town

HERZOGENAURACH Germany - Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. rival Nike , but persuading them to move to its headquarters in rural Germany is difficult.

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