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In November 2023, Nike announced a 9% dividend increase -- marking the 22nd consecutive year the company raised the dividend. Nike now yields a respectable 1.8% -- which is higher than the yield ...
Why Nike, Starbucks and Boeing have lost their magic. Analysis by Allison Morrow, CNN. ... Its stock is down some 25% this year, and revenue fell 10% last quarter from a year earlier.
Nike's core growth strategy over the past several years has been the expansion of Nike Direct, its direct-to-consumer (DTC) business that handles its first-party online and brick-and-mortar stores ...
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [7] [8]
But these profits were still down 28% year over year. Moreover, first-quarter revenue of $11.6 billion was down 10% and down slightly more than expected, which is why the stock dropped 7%. The ...
In 2015, Parker was named Fortune's Businessperson of the year. [11] It was announced in June 2015 that Mark Parker is replacing Phil Knight as company chairman of Nike in 2016. [12] In 2016, he ranked 14th in the New York Times' list of highest paid CEOs [13] with an annual paycheck of 47.6 million. [14]
Nike reports annual revenue for fiscal year 2005 (ending May 31) of $13.74 billion, a 12% increase over the previous fiscal year. Nike Signs Tennis Pro Rafael Nadal. Nike introduces Nike Free. 2007 Nike enters the cricket market with a 5-year sponsorship of the Indian cricket team for US$43m. CEO William Perez leaves Nike on January 23, 2006.
Shares are now down 56% from their pandemic-era peak, and the company has consistently lost market share to upstart rivals like On Holding and Deckers' HOKA brand. Nike also expects sales to fall ...