Nike posts big loss for three months to end-May

[Nature Boy 2.0 8,370]

Nike posts big loss for three months to end-May

 

https://www.insidethegames.biz/articles/1095811/nike-posts-big-losses-due-to-covid-19

Ok 

[Nature Boy 2.0 8,370]

Under Armour hikes full-year outlook, sees demand returning

https://www.cnbc.com/2021/05/04/under-armour-uaa-q1-2021-earnings.html

[Nature Boy 2.0 8,370]

[Crtcl Rice Theory 2,432]

On 6/5/2021 at 3:16 AM, Nature Boy 2.0 said:

Nike posts big loss for three months to end-May

 

https://www.insidethegames.biz/articles/1095811/nike-posts-big-losses-due-to-covid-19

Ok 

Fortunately, I didn't accept your theory about Nike, and I reaped a nice reward. Do you have any more stock tips? I want to do the opposite again 😂

 

Market Movers:

• Nike (NKE) - Shares of sportswear giant and Fool multi-service rec Nike are up almost 12% in early trading, after the company’s latest earnings report smashed analyst expectations. Strong North American and direct sales growth fueled revenue of $12.3 billion, beating estimates by more than a billion dollars, while earnings per share came in over 80% above estimates. Gross margin was also up nicely, and the company resumed its share buyback program during the quarter. Nike hadn’t gotten off to a great start in 2021, with shares currently down about 6% year-to-date, but after this report, Nike looks like a company ready to take off running again. Watch Jena Greene explain why Nike looks like a smart buy now in this recent Fool Live video. Give us your take on the Nike discussion board

Edited June 25, 2021 by CanAm1980

[Boiler 45,516]

Sadly many seem happy to profit off the backs of child labourers.

[Crtcl Rice Theory 2,432]

7 minutes ago, Boiler said:

Sadly many seem happy to profit off the backs of child labourers.

Yes, the neighbor kid does a good job on my lawn and I can focus on making money. 

[Crtcl Rice Theory 2,432]

Nike stock could surge another 50% after monster earnings report: analyst

Brian Sozzi

June 25, 2021, 4:25 am

Nike's stock is shaping up to be a slam dunk in investors' portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend. 

"[Nike] shares should rise another 50% from here," said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target. 

Added Konik, "Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its connection with its consumer through tech, and the company's distribution model is moving away from wholesale. All this means NKE should see strong absolute and relative revenue growth, rising margins and accelerating EBITDA$ [earnings before interest, taxes, depreciation and amortization] and free cash flow."

[Boiler 45,516]

7 minutes ago, CanAm1980 said:

Yes, the neighbor kid does a good job on my lawn and I can focus on making money. 

Off the backs of brown children living in penury.

[Crtcl Rice Theory 2,432]

19 minutes ago, Boiler said:

Off the backs of brown children living in penury.

It starts with a capital and ends with a period, but the sentence is incomplete. What are you trying to say?

[Boiler 45,516]

https://content.wisestep.com/companies-use-child-labor/

 

Top 28 Companies That Use Child Labor Still !

[Crtcl Rice Theory 2,432]

1 hour ago, Boiler said:

https://content.wisestep.com/companies-use-child-labor/

 

Top 28 Companies That Use Child Labor Still !

From your article

"

4. Nike:
It has been practicing child labor over many years. They were not doing any legal or ethical practices at that time. All their daily works were done on an illegal basis only without putting any full stop to such activity.

Even the Director of the company also said that he is not responsible for whatever illegal things are being practiced in the company. Nowadays they are violating human rights on a daily basis.

"

Here is an audited rebuttal to those statements,. Even the link for Nike in your article backs up these statements. " 

"Nike and child labour – how it went from laggard to leader"
 

 

How Nike solved its sweatshop problem

It was only 20 years ago that Nike was facing child labour and sweatshop allegations, with consumers protesting outside Niketown stores. All this is hard to believe, given the steady stream of corporate social responsibility (CSR) accolades in the last 10 years.

In 1998, then-CEO Phil Knight promised change. The company struggled to put new policies in place and enforce them. In 2005, Nike published its first version of a CSR/ ESG/ Sustainability report – in which it detailed pay scales and working conditions in its factories and admitted continued problems – and took the dramatic step of publicly disclosing the names and addresses of contract factories producing Nike products – the first company in its industry to do so.

More recently, Nike made this information available on an Interactive Global Manufacturing Map; there, you can click on a factory to see its name, number of workers, percentage of female and migrant workers and what’s made there. A major change from the days when Nike faced accusations of labour rights in its supply chain, it takes transparency to a whole new level.

Nike recognised its issues, demonstrated transparency and worked toward change – and, today, it is counted among CSR/ ESG/ Sustainability leaders.

 

Which Sustainable Development Goals (SDGs) have been addressed?

The SDGs addressed in this case are:

• Sustainable Development Goal (SDG) 3: Ensure healthy lives and promote wellbeing for all at all ages
• Business theme: Occupational health and safety
• Sustainable Development Goal (SDG) 5: Achieve gender equality and empower all women and girls
• Business theme: Workplace violence and harassment
• Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
• Business theme: Occupational health and safety, Freedom of association and collective bargaining, Abolition of child labor, Elimination of forced or compulsory labor, Labor practices in the supply chain
• Sustainable Development Goal (SDG) 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
• Business theme: Abolition of child labor, Labor practices in the supply chain

 

80% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

 

 

FBRH GRI Standards Certified and IEMA approved Sustainability Course | Venue: London LSE

By registering for the next 2-day FBRH GRI-Standards Certified and IEMA approved Course you will be taking the first step in gaining the many benefits of sustainability reporting.

 

References:

This article was compiled using an article from the links below. For the sake of readability, we did not use brackets or ellipses but made sure that the extra or missing words did not change the article’s meaning. If you would like to quote these written sources from the original please revert to the links below:

http://www.theguardian.com/sustainable-business/2016/jan/02/billion-dollar-companies-sustainability-green-giants-tesla-chipotle-ikea-nike-toyota-whole-foods

http://www.businessinsider.com/how-nike-solved-its-sweatshop-problem-2013-5

http://www.triplepundit.com/special/roi-of-sustainability/how-nike-embraced-csr-and-went-from-villain-to-hero/

[Crtcl Rice Theory 2,432]

The Kaepernick brand is so bad...

Kaepernick's vegan Ben and Jerry's ice cream now available in the Reno area

Jenny Kane

Reno Gazette Journal

 

So you want the scoop on Colin Kaepernick's new flavor of ice cream? Then go get it. 

The former star Wolf Pack football player partnered with the flavor fiends, Ben and Jerry's, to create "Change the Whirled," a non-dairy caramel ice cream packed with fudge chips, and both graham cracker and chocolate cookie swirls.

After his career at University of Nevada, Reno, Kaepernick went on to play briefly for the San Francisco 49ers. He gained worldwide attention for his 2016 silent protest, kneeling during the national anthem to bring awareness to the oppression of Black people.

[Crtcl Rice Theory 2,432]

Kaepernick is so toxic..

 

Thanks to Its Sales Impact, Nike’s Kaepernick Campaign Wins Top Cannes Effectiveness Award

https://www.adweek.com/creativity/thanks-to-its-sales-impact-nikes-kaepernick-campaign-wins-top-cannes-effectiveness-award/

[laylalex 7,284]

I dunno, vegan ice cream sounds like it has the potential to be toxic.

[TBoneTX 45,291]

On the bright side, those who bravely eat it are uncowed.