Nike Inc
- 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 - Nike Inc, the athletic footwear and apparel company, reported higher revenue and earnings in its latest quarter.
However, gross margin suffered 330 basis points to 43.3% after the company used markdowns and promotion to liquidate inventories.
Revenue in the fiscal third quarter ending in February increased 14% to $12.4 billion and net income declined 11% to $1.2 billion from $1.4 billion and diluted earnings per share fell to 79 cents from 87 cents a year ago.
Nike increased its quarterly dividend to 34.0 cents from 30.5 cents a share or $528 million and repurchased 12.9 million shares for $1.5 billion.
The company has repurchased 32.0 million shares for $3.4 billion as of the end of February under the stock repurchase program of $18 billion approved in June 2020.
Mar 22, 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 |