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Nike Inc. (NKE)

  • Nov. 7, 2014, 3:38 AM
    • Nike (NYSE:NKE) has severed ties with Minnesota Vikings running back Adrian Peterson after his plea agreement to a misdemeanor assault charge over striking his 4-year-old son.
    • Nike previously suspended Peterson’s endorsement contract in September.
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  • Nov. 6, 2014, 1:27 PM
    • Apparel seller Ann issued a warning today on the impact of labor uncertainty at West Coast ports as part of its Q4 guidance.
    • The retailer expects $8M in extra air freight costs due to product shipment delays.
    • There's also been some reports of delays at ports in the Seattle and Tacoma area which account for 16% of container cargo traffic on the West Coast.
    • Analysts fret that more companies will resort to air freight to ensure stores are stocked in front of the Black Friday rush.
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  • Oct. 23, 2014, 12:46 PM
    • Nike (NKE +1%) CEO Mark Parker hinted at a continued partnership with Apple in the wearable technology market during an interview with Bloomberg TV. The tight relationship between the two companies in the fitness category goes back to 2006.
    • A fashion show in NYC yesterday highlighted the company's deepening commitment to women's activewear. One big takeaway from the affair was the number of well-known designers coming over to work for the Swoosh.
    • Nike is still hoping it's a Lebron 12 Christmas, despite the delayed global launch of the basketball shoe. James has been wearing the shoes in NBA exhibition action, and unlike last year with the 11s, he's not replacing them at halftime. The product will be available for customization in youth and adult size on Nike's website.
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  • Oct. 22, 2014, 2:20 PM
    • Nike (NKE -0.3%) gave a first look at its 2015 spring and summer women's lines at an event in New York City.
    • The company says the lifestyle shift with women toward the types of products and apparel offered by Nike is part of the reason it has confidence it can grow sales by another $2B to reach $7B per year by 2017.
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  • Oct. 8, 2014, 6:51 AM
    • Cowen Research weighs in on the global apparel industry.
    • The investment firm thinks the market will grow in the low single digits over the next few years.
    • Moderate materials costs inflation will partially offset higher labor and compliance, predicts Cowen.
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  • Oct. 7, 2014, 3:09 PM
    • Demand for outdoor footwear products was strong between Labor Day and the first day of fall, according to data from NPD Group.
    • Category growth: Hiking +18% to $8.3M; Rain boots/galoshes +21% to $3.1M; Winter/snow boots +24% to $1.1M.
    • Related stocks: DECK, SKX, WWW, NKE, VFC
    | 1 Comment
  • Oct. 7, 2014, 8:05 AM
  • Oct. 2, 2014, 11:27 AM
    • Analysts think Nike (NKE -0.2%) will be just fine despite an unanticipated delay in the launch of the new Lebron 12 basketball shoe line.
    • The company is working out a "small cosmetics" issue (swapping 6 for 23?) for the shoes which were already in production for their fall introduction.
    • The operational glitch won't even show up as a line item for the company, says SportsOneSource analyst Matt Powell.
    • On the demand side, last year Lebron barely wore his new Nike basketball shoes and they still sold well.
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  • Oct. 2, 2014, 4:34 AM
    • Nike (NYSE:NKE) says its launch of the new LeBron 12 basketball shoe will be delayed indefinitely due to a small cosmetic issue it didn't identify.
    • The shoes' debut was previously scheduled for Oct. 1 in China and Oct. 11 world-wide.
    • According to industry tracker SportsOneSource, sales of LeBron shoes topped $300M at retail for the year ended in February.
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  • Sep. 29, 2014, 7:06 AM
    • Credit Suisse upgrades Nike (NYSE:NKE) to an Outperform rating from Neutral.
    • The investment firm raises its price target on Nike to $100 after seeing it continue to grab market share in key categories.
    • NKE -0.4% premarket
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  • Sep. 26, 2014, 9:14 AM
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  • Sep. 26, 2014, 7:03 AM
    • Janney lifts Nike (NYSE:NKE) to a Buy rating from Neutral after digesting the athletic retailer's FQ1 report (earnings, details, guidance).
    • Citigroup says it's duly impressed by Nike's guidance. Shares are reiterated at Buy and the price target is taken to $93.
    • Edward Jones analyst Brian Yarbrough notes the strong results are more than a World Cup lift.
    • "The product is resonating with consumers. They are dominating and keep taking market share," says Yarbrough.
    • NKE +6.8% premarket
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  • Sep. 25, 2014, 5:49 PM
    • Nike (NYSE:NKE) guides on its FQ1 CC for FQ2 EPS to grow at a high-teen Y/Y rate; that's a above a consensus is for EPS to grow 12% to $0.66. FY15 (ends May '15) EPS is expected to grow at a high-20% rate; consensus is for EPS to grow 14% to $3.39.
    • Following 18% growth in FQ1, the sports apparel giant now expects FY15 Greater China sales to rise at a low-to-mid teens rate; prior guidance was for high-single digit growth.
    • Gross margin is expected to grow 125-150 bps Y/Y in FQ2 - 170 bps growth was seen in FQ1 - and forex headwinds are expected to go away later in FY15.
    • NKE now +6.6% AH. Up in sympathy: UA +1.3%. FL +2.1%.
    • FQ1 results, details.
  • Sep. 25, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: PRGS +7.6%. NKE +6.2%. STV +5.7%. DMND +5.2%. WLT +4.2%.
    • Top losers, as of 5:15 p.m.: XIN -3.4%. BAX -2.2%. MNK -1.9%. DRD -1.9%. SPRT -1.8%.
  • Sep. 25, 2014, 4:46 PM
    • Nike (NYSE:NKE) brand futures orders were up 11% Y/Y at the end of FQ1, a growth rate even with that seen at the end of FQ4. North America futures +15%; Western Europe +17%; Central/Eastern Europe +11%; Greater China +5%; Japan -5%; emerging markets +3%. Exc. forex, growth was 14%.
    • Gross margin rose 100 bps Q/Q and 170 bps Y/Y to 46.6%, aided by a favorable mix, higher prices, and strong growth in the higher-margin direct-to-consumer (DTC) business.
    • However, sales/admin spend rose to 31.1% of revenue from 29.5% a year ago - overhead spend +19% to $1.58B (DTC and infrastructure investments), demand creation spend +23% to $897M (World Cup marketing).
    • Nike brand sales: Footwear +18% Y/Y to $4.7B; apparel +11% to $2.24B; equipment +5% to $454M. Converse sales +16% to $575M.
    • Inventories +14% Y/Y to $4B. $819M was spent to buy back 10.6M shares.
    • Shares are making new highs AH.
    • FQ1 results, PR
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  • Sep. 25, 2014, 4:16 PM
    • Nike (NYSE:NKE): FQ1 EPS of $1.09 beats by $0.21.
    • Revenue of $7.98B (+14.5% Y/Y) beats by $150M.
    • Shares +5.2% AH.
    • Press Release
    | 1 Comment
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Company Description
Nike Inc designs, develops and markets footwear, apparel, equipment, and accessory products. It is a seller of athletic footwear and athletic apparel. It sells its products through NIKE-owned in-line and factory retail stores and internet websites.