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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.
However, Nike's running business returned to growth, led by the Pegasus franchise, in the second quarter, even as overall revenue fell 10%, and new products are coming down the pipeline as well.
A few years from now, seeing a successful Nike post-turnaround wouldn't be surprising, especially if China recovers. The dividend is an incentive to hold the stock through this period. A 2.1% ...
This helps the business generate consistent free cash flow. One way management rewards shareholders is by using excess cash to fund dividends. Nike's quarterly payout of $0.40 currently yields 2.16%.
Nike's going back to the past to ensure its future.
The founder of the Wieden+Kennedy agency, Dan Wieden, credits the inspiration for his "Just Do It" Nike slogan to a death row inmate Gary Gilmore’s last words: "Let's do it." [1] From 1988 to 1998, Nike increased its share of the North American domestic sport-shoe business from 18% to 43% (from $877 million to $9.2 billion in worldwide sales ...
Shoe Dog [2] is a memoir by Nike co-founder Phil Knight. [3] The memoir chronicles the history of Nike from its founding as Blue Ribbon Sports and its early challenges to its evolution into one of the world's most recognized and profitable companies. It also highlights certain parts of Phil Knight's life. The book was ghostwritten by J. R ...
Nike (NYSE: NKE) shares were running on a treadmill after the athletic apparel company reported its fiscal second-quarter results last week. Let's take a closer look at Nike's fiscal Q2 results ...