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MarketScreener Homepage  >  Equities  >  Nyse  >  Nike, Inc.    NKE

NIKE, INC.

(NKE)
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Nike : COVID-19 Community Response

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04/06/2020 | 09:26am EDT

NIKE, Inc., will provide an additional $1.6 million to help local organizations meet immediate needs, such as food assistance and medical care, in key cities and communities around the world where our employees live and work. Our local communities are a critical part of our everyday efforts - whether that's getting kids active, leveling the playing field for all or responding to this pandemic. These grants will support on-the-ground organizations that need it the most, such as health, social services and humanitarian organizations, food banks and COVID-19 response funds.

Our people and our communities have always been at the core of who we are and what we do. Nike's leaders, the Nike Foundation and Nike have committed more than $17 million to COVID-19 response efforts around the world.

Updated 7:45 AM PST, March 18

In light of the unprecedented COVID-19 outbreak impacting our teammates, friends and family, we are coming together to support communities where our employees live and work. Nike's leaders, the Nike Foundation and Nike are committing more than $15 million to COVID-19 response efforts.

NIKE, Inc. Chairman Emeritus and co-founder Phil Knight and wife Penny; NIKE, Inc. Executive Chairman of the Board Mark Parker and wife Kathy; and NIKE, Inc. President and CEO John Donahoe and wife Eileen, are personally donating a combined $10 million to the following: $1 million to the Oregon Food Bank, $2 million to the Oregon Community Recovery Fund created by the Oregon Community Foundation, and $7 million to Oregon Health & Science University to improve statewide care coordination in Oregon, increase patient access, and ramp up operational readiness for expanded diagnostic testing for COVID-19.

In addition, the Nike Foundation announced a $1 million donation to the global COVID-19 Solidarity Response Fund, created by the United Nations Foundation and Swiss Philanthropy Foundation, to fund efforts by the World Health Organization and partners to support countries preparing for and responding to the COVID-19 crisis.

The Nike Foundation is also donating the following: $1 million to the Oregon Community Recovery Fund; $1.1 million to support community partners across Europe, Middle East and Africa through the King Baudouin Foundation; $250,000 to the Mid-South Food Bank in Memphis, Tenn.; $250,000 to the Community Foundation of Greater Memphis'COVID-19 Regional Response Fund; and $500,000 to the Boston Foundation'sCOVID-19 Response Fund.

These commitments come in addition to the 10 million RMB ($1.4 million) NIKE, Inc. donation to the China Youth Development Foundation announced earlier in January to help provide frontline workers with supplies and equipment to treat patients.

To further support communities where NIKE employees live and work, we will also support a two-to-one match for any donations to support COVID-19 responses locally, nationally and internationally.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 38 739 M
EBIT 2020 4 119 M
Net income 2020 3 523 M
Debt 2020 331 M
Yield 2020 1,00%
P/E ratio 2020 41,8x
P/E ratio 2021 36,4x
EV / Sales2020 3,77x
EV / Sales2021 3,52x
Capitalization 146 B
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Mean consensus BUY
Number of Analysts 35
Average target price 95,69 $
Last Close Price 93,75 $
Spread / Highest target 33,3%
Spread / Average Target 2,06%
Spread / Lowest Target -23,2%
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Managers
NameTitle
John J. Donahoe President, Chief Executive Officer & Director
Mark G. Parker Executive Chairman
Andrew Campion Chief Operating Officer & Executive Vice President
Matthew Friend Chief Financial Officer
Alan B. Graf Independent Director
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