On average, prognosticators tracking the stock were anticipating $10.56 billion on the top line and a per-share net profit of $0.62. Nike stock price first reached the $1 mark on September 21st, 1989. Since 2004, the company began increasing the dividend on an annual basis. Nike`s grip on the market comes down to a simple supply and demand formula, Josh Luber, CEO of sneaker reselling site StockX previously told Jefferies. This was in sharp contrast to the 2.3% decline it experienced during the standard trading day. In NIKE’s investor call for Q4 ending May 31, 2020, John J. Donahoe, president and CEO NIKE Inc. and Matthew Friend, executive vice president and CFO, discussed challenges faced by the … For Nike, FY20 was a year that proved the power of our competitive advantages – and the opportunity we have to accelerate them. Can Lululemon Unseat Nike as the Top Activewear Company? NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. If Nike stock was still traded at a price of $5.76 on January 2nd, 2003, it had nearly doubled its value by January 3rd, 2005, when its closing price was $11.34. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. If things continue this way, the company’s market share in China could conceivably exceed Nike’s 22.9% and Adidas’ 19.7% within a decade. NIKE EPS for the twelve months ending August 31, 2020 was $1.69 , a 36.94% decline year-over-year. #TradeTalks: Retail Trends – Who Is Trading and What They Are Trading? Revenue) or per share (e.g. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020.. Nike has been one of the biggest brand names always. Below is a summary of our progress. From 1972 to 1981, NIKE Inc.’s net income grew at a pace of almost 100% per year. Nike Inc (NKE) Q2 2021 Earnings Call Transcript, Nike Pops in After-Hours Trading on Surprise Q2 Growth, Nike sales return to growth after online shopping boom, Stocks Finish Friday Lower, But Nike Gets an After-Hours Earnings Boost, T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (World Investors), CAO, Executive Vice President & General Counsel, Chief Financial Officer & Executive Vice President, Chief Operating Officer & Executive Vice President, Chief Sustainability Officer & Vice President, Chief Talent, Diversity & Culture Officer, Executive Vice President-Global Human Resources, Executive Vice President-Global Sports Marketing, President, Chief Executive Officer & Director, Secretary, VP, Chief Ethics & Compliance Officer, Senior Director-Real Estate & Store Construction, Treasurer & Vice President-Corporate Finance, Vice President & General Manager-EMEA Regions, Vice President & General Manager-Global Basketball, Vice President & General Manager-Greater China, Vice President-Brand Creative North America, Vice President-Global Strategy & Development, Vice President-North America Consumer Business. Nike, the perennially "cool" brand has a stock price that depends on it. All rights reserved. Demand for Nike`s newest products is partially driven by their perceived scarcity, and if Nike produces too many pairs of a new shoe, demand will plummet because the product is then widely available and is no longer limited in its availability. The strength of our brand, our compelling product and innovation, our leading digital ecosystem and more are all fueling our growing separation. Originally the company bore the name Blue Ribbon Sports until changing in 1971. NIKE … On December 3rd, 1990, Nike stock price closed at $1.10. Investors rewarded the better-than-expected results Friday night by pushing the stock up by 3.9% in after-hours trading. Nike shares are up over 30% in 2020. "With healthy inventory positions across all geographies, our return to growth is a testament to our digital strength, as well as our disciplined marketplace and financial management," CFO Matt Friend said of the quarter's results. 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