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News Breaks
December 20, 2012
12:07 EDTNKEEarnings Preview: Nike sees Q2 revenue growth in mid-high single digits
Nike (NKE) is expected to report Q2 earnings after the market close on Thursday, December 20 with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of $1.00 on revenue of $5.99B. The consensus range is 97c-$1.04 for EPS and $5.89B-$6.2B for revenue, according to First Call. After reporting better than expected Q1 results, Nike guided Q2 revenue growth to be in the mid-high single digits and forecast margin expansion in 2H. On November 15, Nike announced a two-for-one stock split of both Class A and Class B common stock. Additionally, the company increased its quarterly dividend 17% to 21c per share on a post-split basis. Nike also announced it would sell its Cole Haan affiliate brand to Apax Partners for $570M. The transaction is expected to be completed in early 2013. Analysts and investors will listen for comments on plans to expand in Oregon, as it has pressed lawmakers to ensure that the state's corporate tax structure will not change for up to 40 years for companies that invest $150M in the state over five years and create 500 jobs. The company is also likely to comment on economic conditions in Europe, China and North America, as well as costs for packaging and other commodities. During the quarter, the stock was upgraded to Overweight from Neutral at HBSC and initiated with a Neutral at JPMorgan.
News For NKE From The Last 14 Days
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September 25, 2014
17:36 EDTNKENike sees FX neutral for balance of year
17:36 EDTNKENike sees Q2 gross margin up 125-150 bps
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17:32 EDTNKENike sees FY15 China revenue growth in low to mid teens range
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16:20 EDTNKENike CEO says FY15 'off to strong start'
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16:18 EDTNKENike up over 5% following Q1 results
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16:18 EDTNKENike repurchased 10.6M shares during Q1
During the first quarter, NIKE, Inc. repurchased a total of 10.6M shares for approximately $819M as part of the four-year, $8B program approved by the Board of Directors in September 2012. As of the end of the first quarter, a total of 62.5M shares had been repurchased under this program for $4.2B, an average cost of approximately $67.74 per share.
16:17 EDTNKENike reports Q1 inventories $4B, up 14% YoY
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16:16 EDTNKENike reports Q1 gross margin up 170 basis points to 46.6%
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16:15 EDTNKENike reports Q1 worldwide futures orders up 11%, up 14% ex-currency changes
16:15 EDTNKENike reports Q1 EPS $1.09, consensus 88c
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15:29 EDTNKENotable companies reporting after market close
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14:59 EDTNKENike technical comments ahead of results
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12:55 EDTNKENike September weekly 80 straddle priced for 3.9% move into Q1
12:42 EDTNKEEarnings Preview: Analyst sees Nike reporting better than expected Q1 results
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September 24, 2014
13:29 EDTNKENike September weekly volatility increases into Q1 and outlook
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September 19, 2014
06:48 EDTNKENike investors convey sponsorship worries amid suspensions, WSJ says
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06:04 EDTNKENike marketing exec Eric Toda departs for Snapchat, Re/code reports
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September 18, 2014
09:33 EDTNKENike mentioned positively at OTR Global
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09:22 EDTNKEBack to school season healthy for footwear, says Sterne Agee
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07:26 EDTNKEGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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