Nike (NKE) to Resume Buybacks in Current Quarter

Nike (NYSE: NKE) expects to resume share repurchases under its existing share repurchase program in the fourth quarter of fiscal 2021

"During its FY20 fourth quarter, the Company temporarily suspended share repurchase activity in March to maximize liquidity during the COVID-19 pandemic," the company stateds. "Prior to the temporary suspension of the share repurchase program, a total of 45.2 million shares had been repurchased under the program for approximately $4.0 billion. The Company expects to resume share repurchases under its existing share repurchase program in the fourth quarter of fiscal 2021."

You May Also Be Interested In

• Evercore ISI Downgrades Nike (NKE) to In Line
• Stingray buys back $15.4M in shares from La Caisse
• Uxin CEO plans to buy up to $5M in company shares