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Nike first quarter earnings results

Posted Sep 29th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Good news, From the boards, Market matters, NIKE, Inc'B' (NKE)

nike first quarter earningsThis afternoon, Nike Inc. (NYSE: NKE) reported its fiscal first quarter numbers, and the company was able to put up better than expected earnings numbers, but revenues came in slightly under expectations.

As we noted in our earnings preview yesterday, analysts had been expecting to see the company show earnings of 97 cents per share, and the actual earnings figure was a bit higher at $1.04 per share. For the same period last year the company showed earnings of $1.03 per share.

Continue reading Nike first quarter earnings results

Nike Q1 earnings preview

Posted Sep 28th 2009 5:40PM by Michael Fowlkes (RSS feed)
Filed under: International markets, Earnings reports, Forecasts, Products and services, China, Market matters, NIKE, Inc'B' (NKE), Recession, Financial Crisis

nike earnings previewNike Inc. (NYSE: NKE) will get its chance to impress Wall Street when it reports its most recent quarterly results Tuesday following the market close. The company will be reporting its fiscal first quarter numbers, and analysts are expecting slightly lower numbers that its first quarter last year.

The giant in sports apparel and footwear last reported earnings back on June 24 when it was able to outpace analyst estimates, and this time around analysts are looking for the company to show earnings of 97 cents per share. In its first quarter last year, the company reported earnings of $1.03 per share.

Continue reading Nike Q1 earnings preview

Nike (NKE) jumps after hours following Q1 earnings

Posted Sep 24th 2008 5:47PM by Michael Fowlkes (RSS feed)
Filed under: After the bell, Earnings reports, Good news, From the boards, NIKE, Inc'B' (NKE)

Shares of sports shoes and apparel giant Nike (NYSE: NKE) are trading up over 5% after hours today, following strong earnings for its fiscal first quarter.

As I noted in my earnings preview earlier this week, Wall Street was looking for 92 cents earnings per share for Nike's first fiscal quarter. The company surprised to the upside with a reported EPS of $1.03 a share. While this is down year-over-year from the $1.12 EPS it reported last year in the first quarter, it was still a good quarter considering the current economic environment.

Revenues grew nicely for Nike in the quarter, up a very respectable 17% to $5.4 billion. This also came in above analyst estimates of $5.19 billion.

One aspect of the company's overall business I discussed in the preview was that last quarter the company was able to overcome weak U.S. sales numbers by posting strong growth in international markets. This quarter, too, a weak U.S. dollar has helped boost sales in India and Asia, in particular China, where the recent summer Olympic games were held.

Continue reading Nike (NKE) jumps after hours following Q1 earnings

Nike (NKE) gearing up for summer Olympics

Posted Apr 8th 2008 12:15PM by Michael Fowlkes (RSS feed)
Filed under: International markets, Other issues, Products and services, Consumer experience, Competitive strategy, Marketing and advertising, China, NIKE, Inc'B' (NKE), Politics

With this year's summer Olympics just around the corner, athletic outfitter Nike Inc. (NYSE: NKE) unveiled its new Olympic products yesterday.

While Nike has never really embraced the concept of being a sponsor for the Olympics, it prides itself on being an outfitter for the competing athletes. This year there will be thousands of Olympic hopefuls from over a hundred companies that will be sporting the famous "Nike Swoosh" on themselves for millions of watchers to see.

Nike will definitely leave its own footprint all over this summer's Olympic games. For the first time ever, BMX will be an Olympic medal sport, and the new Nike gear for the sport is being heralded by Nike's global director for action sports, John Martin, as the "illest BMX product ever." I honestly thought the word "illest" vanished from the vocabulary around the same time as Run-DMC; guess I was wrong. But I will definitely look forward to seeing the "illest" BMX gear ever, Nike definitely got my attention on that one!

Continue reading Nike (NKE) gearing up for summer Olympics

Money Losers of 2007: Marion Jones is last out of the blocks

Posted Dec 21st 2007 2:10PM by Gary E. Sattler (RSS feed)
Filed under: Competitive strategy, Scandals, Business of sports, Headline news

Marion Jones Could there be any worse fate for an Olympic level athlete than to be stripped of their statistics and medals? Yes, there could be worse things. Just ask former Olympic track star Marion Jones which is worse, losing your medals or being forced to tell your mother you have to sell her house.

Are these professional quality athletes really so stupid as to believe that if they get pinched for using banned performance enhancing drugs they'll get away with just a slap on the wrist? I don't think it's that simple. I'm sure that Marion Jones knew what she was doing was seriously wrong and I feel certain that she knew if she got busted, the truth would come with a very high price. Now, amid all the investigations and scandal, she's finding out just how high priced skirting the truth can really be.

For her misdeeds, Marion Jones has been required to forfeit all five of her medals from the 2000 summer Olympics and has been told to repay approximately $700,000 of her prize money. All of her standings and statistics beginning at September 1, 2000, shall be red-lined in the record books and her medals from other competitions have been taken away also.

Continue reading Money Losers of 2007: Marion Jones is last out of the blocks

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Last updated: November 11, 2009: 10:18 AM

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