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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 ...
Nike's sales were down 8% year over year in the November-ending quarter, and analysts who cover the company on Wall Street expect full-year sales for the May-ending fiscal year to be down 10% year ...
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 ...
Nike's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct ...
In the last year, Nike shares are down more than 36% as the footwear brand lost focus on its products and relationships with distribution partners and now has to contend with the rise of On ...
Nike also expects sales to fall in the current fiscal year. There's no doubt that the brand is in trouble and needs some kind of change. A new CEO certainly isn't out of the question.
The company repurchased $4.3 billion worth of shares in fiscal 2024, $5.5 billion in 2023, and $4 billion in 2022. That's almost $14 billion spent buying back a stock that has fallen dramatically ...
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