Edition:
United States

Nike Inc (NKE.N)

NKE.N on New York Stock Exchange

59.19USD
17 Nov 2017
Change (% chg)

$1.96 (+3.42%)
Prev Close
$57.23
Open
$58.50
Day's High
$59.53
Day's Low
$58.38
Volume
3,900,558
Avg. Vol
2,408,439
52-wk High
$60.53
52-wk Low
$50.06

Latest Key Developments (Source: Significant Developments)

Nike announces 11 percent increase in quarterly dividend
Thursday, 16 Nov 2017 04:15pm EST 

Nov 16 (Reuters) - Nike Inc :Announces 11 percent increase in quarterly dividend.‍Board of directors has approved a quarterly cash dividend of $0.20 per share on company's outstanding class A and class B common stock​.  Full Article

Nike expects average ROIC in low 30 percent range over next 5 years
Wednesday, 25 Oct 2017 06:41pm EDT 

Oct 25 (Reuters) - Nike Inc :Expects average ROIC in low 30 percent range over next 5 years.Expects gross margin to grow 30 to 50 basis points over next 5 years.Expects to grow North America business in the mid-single digit range over the next five years.Expects to grow EMEA business in the mid-to-high single digit range, Greater China in the low to mid-teen range over the next 5 years.Expects to grow Asia Pacific & Latin America (APLA) business in the high single-digit to low double-digit range over the next 5 years.  Full Article

Nike expects EPS to grow in the mid-teens over the next five years ‍​
Wednesday, 25 Oct 2017 06:40pm EDT 

Oct 25 (Reuters) - Nike Inc :Expects earnings-per-share to grow in the mid-teens over the next five years ‍​.Expects revenue growth in the high-single digits over the next five years ‍​.Expects digital revenues to grow from 15 to 30 percent over a five-year period‍​.  Full Article

Nike Inc Q1 earnings per share $0.57
Tuesday, 26 Sep 2017 04:15pm EDT 

Sept 26 (Reuters) - Nike Inc :Nike Inc reports fiscal 2018 first quarter results.Q1 earnings per share $0.57.Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Qtrly ‍gross margin declined 180 basis points to 43.7 percent​.Qtrly ‍selling and administrative expense decreased 1 percent to $2.9 billion​.Quarter-end ‍inventories for Nike Inc were $5.2 billion, up 6 percent from August 31, 2016​.Qtrly Greater China total revenue $1,108‍​ million versus $1,020 million.Qtrly ‍revenues for Nike Inc were $9.1 billion, flat to prior year on both a reported and currency-neutral basis​.Q1 revenue view $9.08 billion -- Thomson Reuters I/B/E/S.Operating overhead expense up 8% to $2.0 billion driven by realignment costs in quarter.Qtrly Europe, Middle East & Africa total revenue $2,344 million versus $2,262‍​ million.Qtrly operating overhead expense rose driven by realignment costs due to workforce reduction in June & continued investments in Nike direct.Qtrly North America total revenue $3,924 million versus $4,031‍​ million.For quarter, sustained revenue growth in international geographies & Nike direct globally offset by expected decline in North America wholesale revenue.  Full Article

Nordstrom names Kelley Hall Chief Accounting Officer
Monday, 21 Aug 2017 12:00pm EDT 

Aug 21 (Reuters) - Nordstrom Inc ::Nordstrom names Kelley Hall Chief Accounting Officer.Hall most recently serving as vice president and CFO for Nike Inc's Enterprise Operations​.  Full Article

Soros Fund Management dissolves share stake in IBM
Monday, 14 Aug 2017 05:57pm EDT 

Aug 14 (Reuters) - Soros Fund Management::Soros Fund Management dissolves share stake in IBM - SEC filing.Soros Fund Management takes share stake in Nike Inc for 4,700 Class B shares.Soros Fund Management - Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017‍​.  Full Article

Nike declares $0.18 quarterly dividend
Thursday, 10 Aug 2017 04:15pm EDT 

Aug 10 (Reuters) - Nike Inc -:Nike Inc declares $0.18 quarterly dividend.  Full Article

Nike CEO Mark Parker's 2017 total compensation $13.9 mln vs $47.6 mln in 2016 - SEC filing
Tuesday, 25 Jul 2017 06:15pm 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

BRIEF-Foot Locker announces elevated customer experience platform in partnership with Nike

* Foot Locker announces elevated customer experience platform in partnership with Nike Source text for Eikon: Further company coverage: