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Last $109.87 USD
Change Today +0.44 / 0.40%
Volume 3.0M
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

nike inc -cl b (NKE) Key Developments

Nike Launches Nike Huarache 2K Filth Baseball Cleats

Nike, Inc. has launched the Nike Huarache 2K Filth baseball cleats. Designed with lightweight traction for ultimate speed, the Nike Huarache 2K Filth is engineered explicitly for this revolution in motion. Geometric divots on the Nike Huarache 2K Filth's plate help prevent dirt from clinging to it, minimizing additional weight to the cleat. This allows athletes to stay light and fast during course of play. Comfort comes from a full-length Max Air unit and Flywire technology provides tailored support. Constructed of premium leather and mesh, the bootie-like upper conforms to the foot for a true-to-form sock-like fit. Working in harmony, the cleat plate and upper offer lightweight support while enabling quick-burst, multi-directional movement across the diamond. Launched in running, with 1991's Nike Air Huarache, the Nike Huarache platform revolutionized the feel of athletic footwear. Drawing inspiration from South American sandals (from which the platform draws its name) and the fit of neoprene water ski boots, Huarache strips performance to its essentials. The superior lockdown provided by the inner sleeve and leather exoskeleton of the original Huarache was swiftly adapted to other sports beginning in 1992 with Tinker Hatfield and Eric Avar's Air Flight Huarache for basketball and Air Trainer Huarache for the gym sparking a seismic shift in consideration of how a shoe could function as a true extension of the body. The latest evolution of the Huarache platform, the Nike Huarache 2K Filth is built for a new breed of baseball athletes and will be available on Nike.com and at select retailers beginning on July 1, 2015.

NIKE, Inc. Appoints Travis A. Knight as Director

Effective June 30, 2015, the board of directors of NIKE, Inc. appointed Travis A. Knight to serve as a director of the company. Mr. Knight, 41, is the President and Chief Executive Officer of the animation studio, LAIKA, LLC. There was no arrangement or understanding pursuant to which Travis Knight was elected as a director, and there are no related party transactions between the Company and Mr. Knight. Mr. Knight is expected to serve on the company's Corporate Responsibility and Sustainability Committee and the Executive Committee. Mr. Knight will participate in the company's standard director compensation program.

Nike Announces Board Changes

Nike Chairman Phil Knight plans to step down. Parker has been Nike's president and CEO since 2006. The company expects to name a new chairman in 2016, but no specific date was set for Knight's departure. Phil Knight co-founded Nike and has been a director of the company since 1968. The company also named his son Travis to a spot on the board.

Nike, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015

NIKE, Inc. reported consolidated earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, the company reported revenue of $7,779 million compared to $7,425 million a year ago. Income before income taxes was $1,052 million compared to $912 million a year ago. Net income was $865 million compared to $698 million a year ago. Diluted earnings per share were $0.98 compared to $0.78 a year ago. For the full year, the company reported revenue of $30,601 million compared to $27,799 million a year ago. Income before income taxes was $4,205 million compared to $3,544 million a year ago. Net income was $3,273 million compared to $2,693 million a year ago. Diluted earnings per share were $3.70 compared to $2.97 a year ago.

Nike Announces Opening of Nike Underground in Vancouver

Nike, Inc. has announced the opening of Nike Underground in downtown Vancouver. The Nike Underground is located two blocks from BC Place at the CBC Vancouver Broadcast Centre, 775 Cambie Street. It opens to the public on June 16th and will offer fans and soccer players an immersion into the Nike Soccer experience, including skills challenges, product trialing and ability to customize team kits and other apparel. After entering the space and registering, participants walk down the Players Tunnel, leading to a Nike Innovation Studio and a fully-equipped indoors soccer pitch with video display, called The Stadium. The Innovation Studio features a compelling display of the technology available to 11 Nike-sponsored women's teams currently competing in Canada Australia, Brazil, China, England, France, the Netherlands, New Zealand, Nigeria, Norway, South Korea, and the US. An apparel customization area allows consumers the opportunity to personalize T-shirts, sports bras and federation jerseys. In addition, the Boot Room enables trial of the latest Nike boots, including the 2015 Nike Women's Cleat Pack, currently being worn by some of the best players in the world. The Nike Underground turf soccer court includes a giant LED screen that will be used to display games and other content, along with a neon outline of a soccer field on the ceiling. Players will be able to wear test and trial one of Nike's Soccer four women's-specific cleat silos: Hypervenom II, Mercurial, Magista, or Tiempo.

 

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NKE

Industry Average

Valuation NKE Industry Range
Price/Earnings 29.7x
Price/Sales 3.1x
Price/Book 7.4x
Price/Cash Flow 28.9x
TEV/Sales 2.9x
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