Market Overview

NIKE Announces $8B Share Buyback

NIKE (NYSE: NKE) today announced that its Board of Directors has
approved a new four-year, $8 billion program to repurchase shares of
NIKE's Class B Common Stock. The Company's current $5 billion share
repurchase program will be completed during the second quarter of fiscal
2013, and the new program will commence upon the completion of the
current program.

"We believe repurchasing our shares is a prudent use of our cash and are
pleased to extend NIKE's track record of returning value to shareholders
through sustained share repurchases,” said Mark Parker, NIKE, Inc.
President and CEO. “Over the past 10 years, NIKE, Inc. has returned $10
billion to shareholders through the repurchase of more than 167 million

See full press release

Posted-In: News Guidance Buybacks

 

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