NYSE:NKELuxury
Nike Shifts Production From China While Stretching Dividend And Valuation
Nike (NYSE:NKE) plans to reduce US-bound footwear sourced from China from about 16% to the high single-digits by the end of the current fiscal year.
The shift is aimed at lowering tariff exposure while the company manages ongoing profitability pressures.
Nike is maintaining its 24-year dividend growth streak, even as dividend payouts now exceed earnings and free cash flow coverage sits at multi-year lows.
Nike, the global athletic footwear and apparel company, is adjusting its manufacturing...