Nike Recorded A Profit Of $12 Billion Last Year To Repurchase Shares.

Nike group, the world's largest sporting goods manufacturer, has announced that the group plans to spend $12 billion in the next four years to repurchase 11% shares and split the shares into two.

This year, Chinese Market The performance directly led to Nike's performance. The group's net profit increased by 22% to US $3 billion 270 million in the fiscal year ended May, and its revenue grew by 10% to US $30 billion 600 million. Among them, China achieved a revenue of 3 billion 67 million US dollars, an increase of 18% over the same period last year. Nike said the group is very concerned about China's macroeconomic fluctuations and has increased sales in the Chinese market by renovating stores, accelerating online sales and sponsoring sports events.

It is worth noting that Nike group Mark Parker, President and CEO, is launching an ambitious plan. Nike group said in its latest five year plan that it will promote Electronic Commerce The growth of women's clothing products has reached the goal of breaking through US $50 billion in fiscal year 2020, consolidating the position of the largest sporting goods manufacturer in the world.

The target of US $50 billion means that the growth rate of revenue in the next five years will further increase from 63.4% in the same period last year to 63.4%, far exceeding the 39% of market expectations.

Nike said that the board of directors of the group has approved a 1:2 stock split plan, namely the division of class a common stock and B common stock. The stock split will take 100% dividends in December 23rd this year.

It is estimated that after the completion of the split, the total volume of outward shares of Nike A-class common stock and B class common stock will increase to about 353 million shares and 1 billion 360 million shares respectively. Nike said the move would help enhance investor confidence in the group. Statistics show that Nike's last stock split took place in December 2012. When the stock split was completed, Nike's A-class shares and B shares increased to 178 million shares and 720 million shares respectively, allowing Nike's share price to soared by 45% in the short term.