Nike Inc
- Nike Inc. gained 10.7% to $69.25 despite the sporting goods retailer reporting weak results for the fiscal fourth quarter of 2025 ending on May 31.
Revenue edged down to $11.10 billion from $12.61 billion, net income dropped to $211 million from $1.50 billion, and diluted earnings per share fell to 14 cents from 99 cents a year ago.
Direct revenue was down 14% to $4.4 billion, wholesale revenue declined 9% to $6.4 billion, and revenue for Converse was down 26% to $357 million from a year earlier, respectively.
Inventories for the company were $7.5 billion, flat compared to the prior year.
During the fourth quarter, Nike returned approximately $0.8 billion to shareholders in the form of dividends of $591 million, up 6% from the previous year, and share repurchases of $202 million.
As of May 31, a total of $6.0 billion remained under the company’s repurchase authorization through June 2026.
Revenue in the twelve months declined to $46.31 billion from $51.36 billion, net income edged down to $3.22 billion from $5.70 billion, and diluted earnings per share fell to $2.16 from $3.73 a year earlier.
Jun 27, 2025 - Nike Inc. gained 0.1% to $68.00 after the sporting goods company reported results for the third quarter of fiscal 2025 ending in February.
Revenue declined to $11.27 billion from $12.43 billion, net income edged down to $794 million from $1.17 billion, and diluted earnings per share dropped to 54 cents from 77 cents a year ago.
Selling and administrative expense decreased 8% to $3.9 billion in the quarter.
The company proposed a dividend of 40 cents per share, compared to 37 cents a year earlier.
“Nike is consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts,” the company said in a release to investors.
In the third quarter, Nike returned approximately $1.1 billion to shareholders, including dividends of $594 million, up 6% from the prior year.
In addition, the company completed share repurchases of $499 million, reflecting 6.5 million shares retired as part of the company’s four-year, $18 billion program approved in June 2022.
As of February 28, a total of 119.3 million shares have been repurchased under the program for a total of approximately $11.8 billion.
Mar 24, 2025 - 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
| 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 |