1.602B shares outstanding (buy-backs); not 1.62B. I didn't have shares outstanding data in front of me and on my phone. I figured restricted/ESOP shares would be nominal. Boo hoo. Next time reply with an accurate figure.
Nike does $2 billion per year in online sales. That's roughly $5.5 million per day. Add 30% and that's an extra $1.65 million in sales which is chicken feed. Who really thinks that trend will continue? Let's revisit at the end of the quarter and see what the numbers really are.
Im showing you as an ignored member, but you're not on my ignore list. Your posts show up blank, but oddly enough I can reply to them.
Just Undo It The mayor of Kenner, a suburb of New Orleans, banned the recreation department from buying Nike products, after the company ran advertising featuring the knee-taking NFL star Colin Kaepernick. But then Ben Zahn had to do a u-turn, rescinding the order on the advice of the city attorney. Zahn: "My patriotism will not waiver, but my focus needs to be on the city of Kenner and the many great projects we have in store for our city." NBC
Nike Controversy That Kaepernick campaign controversy is still going. USA Gymnastics' new interim president and CEO, Mary Bono, has apologized after people picked up on a tweet she emitted shortly after Nike started using knee-taking NFL star Colin Kaepernick in an ad campaign. The now-deleted tweet showed a crossed-out Nike logo on a pair of golf cleats. "I regret the post and respect everyone's views and fundamental right to express them," Bono said. Fox Business
UNC extends deal with Nike, worth more than $60M The University of North Carolina, Michael Jordan's alma mater, has just announced a 10-year extension of its apparel deal with Nike. According to Forbes, the new deal will average $6.27 million USD per year and will catapult UNC onto the most valuable college apparel deals in history. The publication goes on to state the Tar Heels "will average $2.87 million USD in wholesale product allotment and $3.4 million USD in cash annually from their new deal." (Hypebeast)