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2025-01-11   

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India clocked a major rise in the sale of luxury cars in 2024. A report by The Economic Times revealed that the country saw more than six vehicles priced above Rs 50 lakh being sold every hour in the year. This indicated a major rise in the performance of the luxury car industry. Comparatively, five years earlier, the industry clocked sales of just two cars per hour in the segment, the report said. This surge was attributed to the robust demand in the premium segment of the market and a rising affluent customer base. The report further noted that the luxury car industry is anticipated to grow further with automakers thinking to launch more than two dozen new models in the coming year. This growth rate might be moderate due to a high base, experts project sales to surpass 50,000 units for the first time in the year. Citing Balbir Singh Dhillon, Head, Audi India, the report said, “There may be 8-10 per cent growth in 2025.” The executive attributed this to a robust recovery seen in demand post the Covid-19 pandemic. Santosh Iyer, MD and CEO, Mercedes-Benz India, pointed out that the sector’s growth would be backed by a supportive business environment, consistent earnings, and optimism among consumers. Also Read : Stock Market Holidays: BSE, NSE To Remain Closed For 8 Days In January 2025, Check Full List Here The report noted that Mercedes-Benz India is set to end 2024 with sales of almost 20,000 cars, registering a strong performance. The firm clocked a 13 per cent hike in sales, with 14,379 units sold during the first nine months of the year. Iyer stated that the firm intends to continue its pace in 2025 with more product launches and expansion in the market. BMW India also recorded high sales, climbing 5 per cent to touch 10,556 vehicles between the January-September 2024 period. On the other hand, Audi India saw a 16 per cent fall in sales owing to supply chain constraints, however, the automaker plans to make a strong recovery in 2025 with a new lineup. Despite the growth, luxury cars accounted for a little over 1 per cent of the Indian automobile market, which was the lowest among major global economies. As per the Wealth Report 2024 from Knight Frank, the country is expected to see the largest surge in ultra-high-net-worth individuals (UHNWIs) globally, with the number set to climb by 50 per cent from 13,263 in 2023 to 19,908 by 2028.

Dave Hyde: Time for Dolphins to shed ugly narratives in Green Bay — or be buried by them againAmerica has always solved complex societal problems by following a proven playbook that works — it’s called technology and innovation, writes Lou Hrkman. Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular Chinese student’s drone got stuck in tree near Newport News Shipbuilding, leading to Espionage Act prosecution Chinese student’s drone got stuck in tree near Newport News Shipbuilding, leading to Espionage Act prosecution Longtime Phoebus Auction Gallery to close after New Year’s Day event Longtime Phoebus Auction Gallery to close after New Year’s Day event Juvenile humpback whale washes ashore on Outer Banks Juvenile humpback whale washes ashore on Outer Banks James City County officer, 17-year-old injured in Christmas Eve crash James City County officer, 17-year-old injured in Christmas Eve crash Williamsburg leaders to prioritize funding for regional Trail757 project Williamsburg leaders to prioritize funding for regional Trail757 project Purdue defensive back transfers to ODU Purdue defensive back transfers to ODU Journey of self: Williamsburg-area massage therapist helps others heal Journey of self: Williamsburg-area massage therapist helps others heal Fun to Do: Ice skating, holiday concerts, lights and more Fun to Do: Ice skating, holiday concerts, lights and more Partnership with Riverside Health seeks to improve wellness at area homeless shelters Partnership with Riverside Health seeks to improve wellness at area homeless shelters Get healthier in the new year with these resources in the Williamsburg area Get healthier in the new year with these resources in the Williamsburg area Trending Nationally Body found in wheel well of plane from Chicago to Maui How Diddy and Luigi Mangione spent Christmas in Brooklyn jail Massive invasive python is freed into the Palm Beach County wilderness. Here’s why ‘Baby Driver’ actor Hudson Meek dead at 16 Pregnant woman stabbed multiple times by pizza deliverer disgruntled about tip, sheriff says

According to Mark Gurman’s latest Power On newsletter, Apple has no ‘meaningful’ plans to refresh AirPods Max after the introduction of the USB-C model earlier this year. If you were waiting for a bigger refresh with a newer chip, improved noise cancellation, or anything else – you’re out of luck. Apple introduced AirPods Max in December 2020 at the high price of $549, and left them unchanged for nearly four years. We later got a USB-C version in September 2024, with some refreshed colors, but that was it. No upgrade to the H2 chip, no adaptive audio, or anything substantial. According to Gurman, AirPods Max at their $549 price tag aren’t quite worth Apple’s time: The headphones aren’t a hot enough seller to justify pouring money into development, but they’re also not a big enough flop to kill them outright. If you’ve ever been to an upscale gym in Los Angeles or New York, you can see these $550 headphones have a market — even with the high price and outdated technology. Gurman believes that Apple will keep AirPods Max around in their current form for the “foreseeable future”, so it might be a couple years before we see a truly updated model. Obviously, it would make sense for Apple to cut the price of AirPods Max if they wanted it to sell better, but Apple doesn’t have much of an incentive to do so. Hopefully, AirPods Max don’t wither away on Apple’s website for the next four years like the first pair did, but it’s sounding like that’ll be the case. What do you think of AirPods Max in their current form? Let us know in the comments. Follow Michael: X/Twitter , Bluesky , InstagramEx-LA Lakers and Warriors star chooses the team he wants to see LeBron James play for to finish his career

NowThis recently laid off about half its unionized newsroom, the this year at the digital news company. Thirteen of NowThis' 21 members of WGA East, which represents the newsroom, were impacted, according to a union representative. Laid-off staffers were notified on November 15. Three people on the sales side also were let go recently, a person close to NowThis said. They asked for anonymity because they weren't authorized to speak publicly about the cuts. Their identity is known to BI. In September, NowThis a new editor-in-chief, Michael Vito Valentino, formerly of as it looked to shift focus to Gen-Z audiences. NowThis used to be part of Vox Media, which got the company in its 2021 acquisition of Group Nine Media. Vox spun NowThis off in 2023 through a deal with Accelerate Change, a nonprofit focused on promoting civic engagement among underrepresented groups. Vox retained a minority stake in the company and . A Vox Media spokesperson referred a request for comment to NowThis. Accelerate Change didn't immediately respond to a request for comment. At the time of the spinoff, the plan was for NowThis to ramp up to cover the 2024 election. Accelerate Change is backed by progressive organizations such as the , which was founded by George Soros, the billionaire investor and major Democratic political donor. It also backs other news outlets, including ParentsTogether, PushBlack, Pulso, and Noticias Para Inmigrantes. The earlier round of layoffs at NowThis, in February, curtailed the company's coverage ambitions, though. That round impacted 26 of 50 members of WGA East. At the time, the company said the reduction was meant to ensure the business was sustainable and that no more cuts were planned. News media outlets have been hit by layoffs in recent years amid a general pullback in advertising spending. Outplacement firm Challenger, Gray & Christmas 3,402 job cuts in news so far this year through September, up 40% from 2,423 cuts during the year-earlier period. Read the original article on38th Annual Conference of OCS and National Seminar on “Advancements in Materials Chemistry” inaugurated in OUTR

Lions look to prove themselves at Asean Championship

Direxion Daily S&P Biotech Bull 3x Shares ( NYSEARCA:LABU – Get Free Report )’s share price gapped down before the market opened on Thursday . The stock had previously closed at $96.24, but opened at $94.00. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $94.42, with a volume of 203,924 shares trading hands. Direxion Daily S&P Biotech Bull 3x Shares Stock Down 4.3 % The firm has a fifty day moving average of $116.47 and a two-hundred day moving average of $123.16. Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at about $596,000. Foundations Investment Advisors LLC grew its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 25.3% in the 2nd quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock worth $464,000 after buying an additional 825 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter worth approximately $68,000. SG Americas Securities LLC lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 49.3% during the third quarter. SG Americas Securities LLC now owns 3,199 shares of the company’s stock valued at $412,000 after acquiring an additional 1,057 shares during the last quarter. Finally, McGuire Investment Group LLC boosted its stake in Direxion Daily S&P Biotech Bull 3x Shares by 3.9% in the third quarter. McGuire Investment Group LLC now owns 4,633 shares of the company’s stock valued at $596,000 after acquiring an additional 175 shares in the last quarter. About Direxion Daily S&P Biotech Bull 3x Shares The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion. Further Reading Receive News & Ratings for Direxion Daily S&P Biotech Bull 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P Biotech Bull 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter .ATRenew (NYSE:RERE) Shares Gap Down – Here’s Why

NoneTrump backs new GOP plan to fund government and raise debt limit as shutdown nears

NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Dentsply Sirona Inc. (NASDAQ: XRAY) between December 1, 2022 and November 6, 2024 , both dates inclusive (the "Class Period"), of the important January 27, 2025 lead plaintiff deadline. So what: If you purchased Dentsply common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Dentsply class action, go to https://rosenlegal.com/submit-form/?case_id=31762 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13 , 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Dentsply targeted low-income people who did not have access to good oral hygiene education, a dentist, or dental insurance, which often meant patients signing up for Byte, a direct-to-consumer ("DTC") aligner solution, had underlying dental issues that would have made them ineligible for treatment; (2) the push for Byte growth and sales commissions caused sales employees to sell to contraindicated patients; (3) as a result of the above, the Byte patient onboarding workflow did not provide adequate assurance that contraindicated patients did not enter treatment; (4) before and during the Class Period, reports of Byte patient injuries were pouring in; (5) Dentsply knew that its Byte aligners were causing severe patient injuries for years but did little to investigate those injuries or notify the U.S. Food and Drug Administration ("FDA"); (6) Dentsply had no systems in place to notify the FDA of these injuries, which Dentsply is required to do within 30 days of learning of a problem; (7) the FDA had received a sharp uptick in reports of serious injuries from Byte patients; (8) as a result of the above, Dentsply materially overstated the goodwill value of Byte; and (9) as a result of the above, defendants' positive statements about Dentsply's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Dentsply class action, go to https://rosenlegal.com/submit-form/?case_id=31762 mailto: or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/xray-investors-have-opportunity-to-lead-dentsply-sirona-inc-securities-fraud-lawsuit-302327941.html SOURCE THE ROSEN LAW FIRM, P. A.

Stock market today: Wall Street ends little changed after giving up a big morning gain

Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did

Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did

HALIFAX — An influential United States Republican senator delivered some blunt criticism of Canada's military spending on Friday, telling a major security conference in Halifax the federal government has to do better to please president-elect Donald Trump. In a panel discussion on the first day of the Halifax International Security Forum, Republican Sen. James Risch — who may become the next chair of the U.S. Senate's foreign relations committee — said he wasn't speaking for the incoming president. But he reminded delegates that Canada is failing to reach military spending levels equivalent to two per cent of its GDP — a commitment of the 32 NATO countries — leaving Canada one of a minority of alliance members no longer meeting the target. "My good friends in Canada say, 'We're working on this.' And we say, 'What does that mean?' And they say, 'We're kind of looking at (meeting the spending goal) by 2032,'" the Idaho senator said. "I don't speak for the president-elect of the United States, but if he were in this room, you would get a very large guffaw from him ... talking about 2032. It's got to be better than that. It really, truly has to be better than that." About 300 policy analysts, politicians and defence officials from 60 countries are participating in the 16th annual forum, which runs until Sunday. The gathering comes just under three weeks after the U.S. election that returned Trump to power with Republican majorities in the U.S. Senate and Congress. Earlier in the day at the conference, Defence Minister Bill Blair said his government knows it needs to increase defence spending, both to help Ukraine in its war with Russia, and to protect Canadian territory. But, Blair said, he has to ensure Canada gets "good value" for its investments. “When our allies say they want us to meet the commitment, I've told them the answer is ‘Yes,’ and I’ve told them you’re pushing on an open door," he said. "We are going to make those investments." Some of the American criticism is unfair, Blair said, as the Liberal government committed during a July NATO summit to "a credible and realistic plan" of spending two per cent of GDP on its military by 2032, as it buys a fleet of up to 12 new submarines. He said there are examples in which Canada can "accelerate" its spending by making purchases that mesh with its allies, citing Ottawa's announcement it would replace CP-140 Aurora maritime patrol aircraft with the Boeing P-8A Poseidon aircraft. The defence minister also announced that a surface-to-air defence system Canada bought two years ago has arrived in Ukraine to help protect the country against Russian missiles, though he would have liked the aid to have reached the war theatre sooner. “There's a lot in some of our procurement processes that have really slowed us down," he said. NATO's 32-member nations agreed to each spend the equivalent of at least two per cent of their GDP on defence, but Canada is among the nine members that aren't going to do that this year. The alliance's figures project that Canada will spend the equivalent of 1.37 per cent of its GDP on defence, placing it at the back of the pack. The Defence Department projects the figure to tick upward over the coming years, rising to 1.76 per cent by 2030. However, the Liberal government is also facing domestic criticism for not being clear on how it will make military spending one of its top priorities. Retired Lt.-Gen. Andrew Leslie — a former Liberal MP — told the House of Commons defence committee two days after the U.S. election that he detects "no sense of urgency" from the government to meet those commitments. Nicolas Todd, who is attending the security forum as vice-president of government relations with the Canadian Association of Defence and Security Industries, said in an interview Friday that if the Liberal government wants to advance more rapidly on military spending, it needs to clearly signal its spending plans. "What we've seen so far is an expectation to hit two per cent. That's not a plan. We need a detailed, year-over-year money plan on what it will take," he said. He contrasted the government's announcement Thursday — a pause of the federal sales tax on a long list of items, at a cost of $6.3 billion — with a slow growth in military spending. Peter Van Praagh, president of the forum, said during the opening news conference that a path to world peace still depends on Ukraine defeating Russia, which will require continued support from the United States and its allies. “If Russia gets away with this naked aggression, we are entering a world where might makes right. That’s a world that is not safe for anybody,” he said. While military spending will be key to assisting Ukraine, Admiral Rob Bauer, chair of the military committee of NATO, told the conference in a separate panel that procurement remains a major issue. The Dutch military officer said, "there isn't yet enough focus when it comes to defence production," as Russia has put its economy on a war footing. Bauer said that more than 1,000 days into the war in Ukraine, he's hearing from military chiefs of staff in the NATO alliance they have funds available to buy ammunition and armaments, but the defence industry can't deliver the munitions in a timely way. "We cannot support Ukraine at the pace that is necessary," he said. This report by The Canadian Press was first published Nov. 22, 2024. — With files from The Associated Press. Michael Tutton, The Canadian PressCatch all the action as the Grand Forks Central Knights and the Davies Eagles match up on the rink for our Game of the Week tonight, Dec. 10 at 7 p.m., broadcasting on WDAY 2 and streaming on WDAY+. Puck drop is scheduled for 7 p.m. SUBSCRIPTION RATES & PLANS WDAY Sports+ is available for $9.99 per month or $100 per year and also includes access to weekly high school games in North Dakota and western Minnesota and games involving Minnesota State University Moorhead. Subscribers outside of the WDAY-TV broadcast footprint will not be able to access Bison games live but can watch them on the site after they conclude. SUBSCRIBE HERE : https://inforum.com/wdayplus ** Note: If you have an existing news subscription, you will need a separate livestream subscription to access this content **

Vance takes on a more visible transition role, working to boost Trump’s most contentious picksOhio State receiver Jeremiah Smith thinks about offensive pass interference penalty against Oregon ‘probably every day’

BEAVERTON, Ore.--(BUSINESS WIRE)--Dec 19, 2024-- NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its second quarter ended November 30, 2024. "After an energizing 60 days of being back with my NIKE teammates, our clear priority is to return sport to the center of everything we do," said Elliott Hill, President & CEO, NIKE, Inc. "We're taking immediate action to reposition our business, so we can get back to driving long-term shareholder value. Our team is ready to go, and I'm confident you will see more moments of NIKE being NIKE again." "NIKE's second-quarter financial performance largely met our expectations, as we continue to make progress in shifting our portfolio," said Matthew Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Under Elliott's leadership, we are accelerating our pace and reigniting brand momentum through sport." Second Quarter Income Statement Review November 30, 2024 Balance Sheet Review Shareholder Returns NIKE continues to have a strong track record of consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts. In the second quarter, the Company returned approximately $1.6 billion to shareholders, including: As of November 30, 2024, a total of 112.8 million shares have been repurchased under the program for a total of approximately $11.3 billion. Conference Call NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on December 19, 2024, to review fiscal second quarter results. The conference call will be broadcast live via the Internet and can be accessed at https://investors.nike.com . For those unable to listen to the live broadcast, an archived version will be available at the same location through approximately 9:00 p.m. PT, January 10, 2025. About NIKE, Inc. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com . Individuals can also visit https://news.nike.com and follow @NIKE. Forward-Looking Statements This press release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. * Non-GAAP financial measure. See additional information in the accompanying Divisional Revenues. NIKE, Inc. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (In millions, except per share data) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change Revenues $ 12,354 $ 13,388 -8 % $ 23,943 $ 26,327 -9 % Cost of sales 6,965 7,417 -6 % 13,297 14,636 -9 % Gross profit 5,389 5,971 -10 % 10,646 11,691 -9 % Gross margin 43.6 % 44.6 % 44.5 % 44.4 % Demand creation expense 1,122 1,114 1 % 2,348 2,183 8 % Operating overhead expense 2,883 3,032 -5 % 5,705 6,079 -6 % Total selling and administrative expense 4,005 4,146 -3 % 8,053 8,262 -3 % % of revenues 32.4 % 31.0 % 33.6 % 31.4 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — Other (income) expense, net (8 ) (75 ) — (63 ) (85 ) — Income before income taxes 1,416 1,922 -26 % 2,723 3,570 -24 % Income tax expense 253 344 -26 % 509 542 -6 % Effective tax rate 17.9 % 17.9 % 18.7 % 15.2 % NET INCOME $ 1,163 $ 1,578 -26 % $ 2,214 $ 3,028 -27 % Earnings per common share: Basic $ 0.78 $ 1.04 -25 % $ 1.48 $ 1.99 -26 % Diluted $ 0.78 $ 1.03 -24 % $ 1.48 $ 1.97 -25 % Weighted average common shares outstanding: Basic 1,486.8 1,520.8 1,492.3 1,524.6 Diluted 1,490.0 1,532.1 1,495.9 1,537.7 Dividends declared per common share $ 0.400 $ 0.370 $ 0.770 $ 0.710 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) November 30, November 30, % Change (Dollars in millions) 2024 2023 ASSETS Current assets: Cash and equivalents $ 7,979 $ 7,919 1 % Short-term investments 1,782 2,008 -11 % Accounts receivable, net 5,302 4,782 11 % Inventories 7,981 7,979 0 % Prepaid expenses and other current assets 1,936 1,943 0 % Total current assets 24,980 24,631 1 % Property, plant and equipment, net 4,857 5,153 -6 % Operating lease right-of-use assets, net 2,736 2,943 -7 % Identifiable intangible assets, net 259 269 -4 % Goodwill 240 281 -15 % Deferred income taxes and other assets 4,887 3,926 24 % TOTAL ASSETS $ 37,959 $ 37,203 2 % LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Current portion of long-term debt $ 1,000 $ — 100 % Notes payable 49 6 717 % Accounts payable 3,255 2,709 20 % Current portion of operating lease liabilities 481 456 5 % Accrued liabilities 5,694 5,470 4 % Income taxes payable 767 358 114 % Total current liabilities 11,246 8,999 25 % Long-term debt 7,973 8,930 -11 % Operating lease liabilities 2,562 2,785 -8 % Deferred income taxes and other liabilities 2,141 2,343 -9 % Redeemable preferred stock — — — Shareholders’ equity 14,037 14,146 -1 % TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,959 $ 37,203 2 % NIKE, Inc. DIVISIONAL REVENUES (Unaudited) % Change Excluding Currency Changes 1 % Change Excluding Currency Changes 1 THREE MONTHS ENDED SIX MONTHS ENDED (Dollars in millions) 11/30/2024 11/30/2023 % Change 11/30/2024 11/30/2023 % Change North America Footwear $ 3,236 $ 3,757 -14 % -14 % $ 6,448 $ 7,490 -14 % -14 % Apparel 1,693 1,668 1 % 1 % 3,024 3,147 -4 % -4 % Equipment 250 200 25 % 25 % 533 411 30 % 30 % Total 5,179 5,625 -8 % -8 % 10,005 11,048 -9 % -9 % Europe, Middle East & Africa Footwear 1,982 2,186 -9 % -12 % 3,934 4,446 -12 % -12 % Apparel 1,136 1,200 -5 % -8 % 2,129 2,337 -9 % -10 % Equipment 185 181 2 % -1 % 383 394 -3 % -4 % Total 3,303 3,567 -7 % -10 % 6,446 7,177 -10 % -11 % Greater China Footwear 1,203 1,361 -12 % -14 % 2,449 2,648 -8 % -8 % Apparel 472 469 1 % -3 % 832 870 -4 % -6 % Equipment 36 33 9 % 9 % 96 80 20 % 21 % Total 1,711 1,863 -8 % -11 % 3,377 3,598 -6 % -7 % Asia Pacific & Latin America Footwear 1,234 1,303 -5 % -4 % 2,286 2,444 -6 % -3 % Apparel 437 437 0 % 0 % 785 808 -3 % -1 % Equipment 73 65 12 % 10 % 135 125 8 % 10 % Total 1,744 1,805 -3 % -2 % 3,206 3,377 -5 % -2 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND 11,950 12,872 -7 % -8 % 23,061 25,225 -9 % -9 % Converse 429 519 -17 % -18 % 930 1,107 -16 % -16 % Corporate 3 (25 ) (3 ) — — (48 ) (5 ) — — TOTAL NIKE, INC. REVENUES $ 12,354 $ 13,388 -8 % -9 % $ 23,943 $ 26,327 -9 % -9 % TOTAL NIKE BRAND Footwear $ 7,655 $ 8,607 -11 % -12 % $ 15,117 $ 17,028 -11 % -11 % Apparel 3,738 3,774 -1 % -2 % 6,770 7,162 -5 % -6 % Equipment 544 479 14 % 12 % 1,147 1,010 14 % 13 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND REVENUES $ 11,950 $ 12,872 -7 % -8 % $ 23,061 $ 25,225 -9 % -9 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES 1 (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (Dollars in millions) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change North America $ 1,371 $ 1,526 -10 % $ 2,587 $ 2,960 -13 % Europe, Middle East & Africa 831 927 -10 % 1,623 1,857 -13 % Greater China 375 514 -27 % 877 1,039 -16 % Asia Pacific & Latin America 460 521 -12 % 862 935 -8 % Global Brand Divisions 2 (1,133 ) (1,168 ) 3 % (2,360 ) (2,373 ) 1 % TOTAL NIKE BRAND 1 1,904 2,320 -18 % 3,589 4,418 -19 % Converse 53 115 -54 % 174 282 -38 % Corporate 3 (565 ) (535 ) -6 % (1,107 ) (1,186 ) 7 % TOTAL NIKE, INC. EARNINGS BEFORE INTEREST AND TAXES 1 1,392 1,900 -27 % 2,656 3,514 -24 % EBIT margin 1 11.3 % 14.2 % 11.1 % 13.3 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES $ 1,416 $ 1,922 -26 % $ 2,723 $ 3,570 -24 % 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as "EBIT"), which represents Net income before Interest expense (income), net and Income tax expense. Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions primarily represent demand creation and operating overhead expense, including product creation and design expenses that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company’s corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219682756/en/ CONTACT: Investor Contact: Paul Trussell investor.relations@nike.comMedia Contact: Virginia Rustique-Petteni media.relations@nike.com KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FASHION FOOTWEAR RETAIL SPORTS DEPARTMENT STORES GENERAL SPORTS SOURCE: NIKE, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:15 PM/DISC: 12/19/2024 04:15 PM http://www.businesswire.com/news/home/20241219682756/en

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