Nike Inc
- Nike Inc. declined 4.8% to $72.83 after the athletic shoemaker reported fiscal second quarter sales declined and the company forecasted weaker sales in the fiscal third quarter.
Revenue in the fiscal second quarter ending in November decreased 8% to $12.4 billion from $13.4 billion, net income fell 26% to $1.2 billion from $1.6 billion, and diluted earnings per share eased to 78 cents from $1.03 a year earlier.
Nike's sales have been affected by the lack of new products and higher levels of discounting, which are also affecting gross margin.
The company estimated gross margin to decline between 3.0% and 3.5% in the holiday quarter.
Dec 20, 2024 - Nike decreased 6.2% to $94.60 after the company reported mixed quarterly sales in the fiscal third quarter.
Revenue in the quarter edged slightly higher to $12.43 billion from $12.39 billion, and sales in North America rose 3% to $5.07 billion, while China sales growth slowed to 5% at $2.08 billion.
Net income in the quarter ending on February 29 was $1.17 billion, up from $1.27 billion, and diluted earnings per share decreased to 77 cents from 79 cents a year ago.
Mar 23, 2024 - Nike Inc. dropped 12.7% to $106.90 after the athletic shoe and sportswear maker lowered its annual sales growth outlook.
Revenue in the fiscal second quarter ending in November increased 1% to $13.4 billion from $13.3 billion, net income advanced $1.6 billion from $1.3 billion, and diluted earnings per share rose to $1.03 from 85 cents a year ago.
Inventories declined 14% from a year ago to $8.0 billion, reflecting a decrease in units and a sharp reversal from elevated inventories a year ago after the company discounted heavily old-style products to make way for new merchandise.
The company repurchased 11.9 million shares for $1.2 billion as a part of its $18 billion stock repurchase program for four years, starting in June 2022.
As of the end of November, the company had repurchased 65.9 million shares for $7.1 billion.
The company also announced its plan to cut $2 billion in costs over the next three years.
Foot Locker, the retailer that relies heavily on Nike products, dropped 8.9% to $29.49 after the announcement of the Nike results.
Dec 22, 2023 - Nike Inc jumped 7.9% to $96.70 after the athletic shoes and sportswear maker reported mixed quarterly results and guided sales to rise in mid-single digit in the current fiscal year.
Revenue in the fiscal first quarter ending in August increased 2% to $12.9 billion from $12.7 billion and net income edged down 1% to $1.45 billion from $1.47 billion from a year ago.
Sales in North America declined 2% to $5.4 billion, rose 8% in Europe to $3.6 billion in Greater China jumped 5% to $1.7 billion and advanced 2% in Asia Pacific to $1.6 billion.
Footwear sales increased 4% to $8.4 billion from $8.1billion and apparel sales declined 1% to $3.38 billion from $3.43 billion and equipment sales jumped 9% to $531 million from $486 million a year ago.
Diluted earnings per share edged up 1% to 94 cents from 93 cents a year ago and the company declared a dividend of 34 cents per share compared to 30.5 cents a year ago. ,
In the fiscal first quarter, Nike returned shareholders $1.7 billion, including $524 million in dividends and stock repurchase of 10.5 million or $1.1 billion as a part of the company's $18 billion buyback plan.
At the end of August, the company has repurchased a total of $5.9 billion of its own stock.
Sep 29, 2023 - Nike Inc declined 2.7% to &98.76 and the athletic shoemaker extended losses to the 10th session in a row after Foot Locker reported weaker-than-expected sales.
Aug 23, 2023
| Year | Aug | Nov | Feb | May | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.79 | 0.66 | 0.94 | 1.03 | - | |
| 2022 | 0.87 | 0.89 | 0.93 | 0.85 | 3.23 | |
| 2021 | 0.9 | 0.93 | 1.16 | 0.83 | 3.75 | |
| 2020 | 0.53 | -0.49 | 0.95 | 0.78 | 3.56 | |
| 2019 | 0.68 | 0.62 | 0.86 | 0.7 | 1.6 | |
| 2018 | -0.57 | 0.71 | 0.67 | 0.52 | 2.49 | |
| 2017 | 0.68 | 0.60 | 0.57 | 0.46 | 2.31 | |
| 2016 | 0.55 | - | 0.73 | 0.50 | 1.78 | |
| 2015 | 0.89 | 0.98 | 1.34 | 0.90 | 4.11 | |
| 2014 | 0.55 | 0.37 | 0.38 | 0.39 | 1.49 | |
| 2013 | 0.43 | 0.30 | 0.48 | 0.36 | 1.35 | |
| 2012 | 0.31 | 0.21 | 0.30 | 0.29 | 1.18 | |
| 2011 | 0.34 | 0.25 | 0.27 | 0.31 | 1.1 | |
| 2010 | 0.29 | 0.24 | 0.25 | 0.26 | 0.97 | |
| 2009 | 0.26 | 0.19 | 0.13 | 0.18 | 0.76 | |
| 2008 | 0.26 | 0.20 | 0.23 | 0.25 | 0.94 | |
| 2007 | 0.28 | 0.18 | 0.17 | 0.22 | 0.73 | |
| 2006 | 0.19 | 0.16 | 0.16 | 0.16 | 0.66 | |
| 2005 | 0.20 | 0.14 | 0.13 | 0.16 | 0.56 |