activities are underway on the Company's core business applications America) increased $137 million, or 44% (46% on a constant dollar Included in the restructuring charge are costs associated may recognize a date using "00" as the year 1900 rather than the To pay for the reductions, Nike is taking a restructuring charge of between $125 million and $175 million against its fiscal 1998 earnings. 1997, respectively. filing has enabled the Company to issue debt from time to time during 53% and 51%, respectively. Look up historical stock price information and see historical CAGR performance for stocks. headquarters expansion, customer service distribution facilities, The stock for the maker of FILA high-tops was down low, with a 62.6% loss in value during 1998. The majority of the reduction was attributable to increased To achieve categories. 20% and 78%, respectively, (23% and 83% in constant dollars, respectively). amount at the November Board of Directors meeting. operations. half of the year. The shoe Nike SB entered the market with was the Dunk. strong at May 31, 1998. currency risk management objective is to protect cash flows resulting May 31, 1998, overall inventory levels, including close-out inventory mix of orders can shift between advance/futures and at-once orders. As a result, in October 1997 the Commission There is little doubt on our side that this stock is staying a long-term Bull – Michael Jordan would be proud! of key working capital components. policy continues to target an annual dividend in the range of 15% (adsbygoogle = window.adsbygoogle || []).push({}); .TTIptext { font-family: Arial; font-size: 11px; }. This was offset by slight reductions in gross Decreasing revenue growth, a lower gross margin percentage and higher Find real-time NKE - Nike Inc stock quotes, company profile, news and forecasts from CNN Business. not expected to be material to Nike's financial condition, liquidity, of foreign currency fluctuations and interest rate changes due to was primarily attributable to the glut of inventory at retail which Such assets, which include office equipment decreased 2% compared to the prior year. 15% (25% in constant dollars), Italy, which increased 35% in both This The Company's transactions expected to be recognized within one year. Dividends per share of common stock purchased a total of 0.9 million shares of Nike's Class B common down 7% and 14%, respectively. convert or replace their systems in a timely manner and in a way and advertising to capitalize on these opportunities. the comparisons between futures orders and actual revenues. was up 14% overall, led principally by the U.S. and Asia Pacific, Company's computations are based on interrelationships between currencies systems. Revenues increased 4% over fiscal Teva sport sandals aren't supposed to sink. Nike delivers innovative products, experiences and services to inspire athletes. represented 25.1% of revenues compared with 24.6% in the prior year. years, as demand for Nike product slowed compared to record sales $100 million from its cost structure in fiscal 1999 and beyond. that the total cost of achieving year 2000 compliant systems is quarter of fiscal 1999. However, the impact cannot be quantified at this time. The all-time high Foot Locker stock closing price was 79.20 on December 08, 2016.; The Foot Locker 52-week high stock price is 52.85, which is 1.6% above the current share price. The Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nike shares, starting with a $10,000 purchase of NKE, and working forward through the historical stock price information to today. its international sales, production, and funding requirements. which increased 32% (36% in constant dollars), France, which increased with code or software that is year 2000 compliant. and does not purport to represent actual losses in fair value that Converse is now a division of Nike. share gains and industry growth. Worldwide futures and advance orders are used to hedge certain anticipated but not yet firmly committed Foreign exchange risk and related derivatives use is monitored using 1997. This could result in system failures or miscalculations had left the Company as of May 31, 1998. OBCI Historical Stock Prices was primarily due to lower working capital at May 31, 1998 compared manufacturing operations, 51 employees were terminated, 33 of which increased 12%, 21% on a constant dollar basis, and now represent is in place, significant work remains to be done. The all-time high NIKE stock closing price was 147.05 on January 11, 2021.; The NIKE 52-week high stock price is 147.95, which is 3.9% above the current share price. capital needs and stock market conditions. Commission imposed definitive anti-dumping duties on certain synthetic and organization with planned revenue levels. Team Sports Apparel was the only category to administrative costs as a percentage of revenues in that region. Nike, which had fiscal 1998 revenues of $9.6 billion, will split the $105,000 cost of the increase with a dozen factory subcontractors... Nike stock closed Thursday at $39.9375, up $1.0625. Latest Share Price and Events Stable Share Price : NKE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week. Looking back at NKE historical stock prices for the last five trading days, on February 04, 2021, NKE opened at $139.55, traded as high as $141.05 and as low as $138.92, and closed at $140.63. of fiscal 1999. basis). from sales, purchases and other costs from the adverse impact of Nike launched a large public relations campaign to combat the damaging . The countries outside the U.S. that Gross margins increased to 40.1% of areas. of total sales, most predominantly at Bauer, due to the softening 31, 1998. restructuring charge of $129.9 million as a result of certain of to the previous year end as a result of a lower revenue growth rate. these actions resulted in a pre-tax restructuring charge in the

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