U.S. Movers: Blue Apron, Nike, Vail Resorts

Scott Peters
29 Sep, 2023
New York City

Nike Inc jumped 7.9% to $96.70 after the athletic footwear retailer 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. 

Diluted earnings per share edged up 1% to 94 cents from 93 cents a year ago. 

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. 

Blue Apron Holdings Inc soared 133% to $12.82 after the meal kit company agreed to be acquired by Wonder Group for $13 a share. 

At the end of regular trading hours, Blue Apron stock closed at $5.49 valuing the company at $50 million. 

Vail Resorts, Inc decreased 3.9% to $233.31 after the ski resorts operator said revenue in the fiscal fourth quarter ending in July  increased to $269.8 million from $267.1 million a year ago. 

Net loss in the quarter expanded to $128.5 million from $108.7 million and diluted loss per share deepened to $3.35 from $2.70 a year ago. 

The company forecasted net fiscal year 2024 net income between $316 million and $394 million and the company declared a quarterly cash dividend of $2.06 per share payable on October 26 to shareholders on record October 10.