Good afternoon, everyone. Our new store in Guangzhou is a data-powered store concept that curates a one-to-one personalized shopping journey. So, those are the things that we expect from our digital platform partners. Cumulative Growth of a $10,000 Investment in Stock Advisor, Nike Inc (NKE) Q1 2021 Earnings Call Transcript @themotleyfool #stocks $NKE, Nike Inc (NKE) Q2 2021 Earnings Call Transcript, Nike Pops in After-Hours Trading on Surprise Q2 Growth, Stocks Finish Friday Lower, But Nike Gets an After-Hours Earnings Boost, Copyright, Trademark and Patent Information. In China specifically, we continue to extend Nike's lead. Read the full transcript here. At the same time, we see a great opportunity ahead, even greater than we've capitalized on to date. In Europe, we've really just had extraordinary separation. At the bottom end of the income statement, Nike’s adjusted Q1 EPS figure is expected to climb 5.9% to reach $0.71 per share. In Q1, we came out of the block strong with our results meeting or exceeding expectations we set 90 days ago on every dimension. I'd like to welcome him to his first call as he takes on the responsibility of Investor Relations, and then of course on behalf of the whole team, I'd like to thank Nitesh for his partnership over the last several years. Sportswear giant Nike will report Q1 earnings after the bell on September 22.Analysts polled by Bloomberg expect Nike to report adjusted earnings per share of 46 cents on revenue of $9.1 billion. Finally, in our APLA geography, Q1 revenue declined 12% on a currency neutral basis, including digital growth that exceeded 90%. Regardless of where they're shopping, consumers want what they want, when they want, how they want it. So, yes, when we had our last earnings call, we referenced that we were seeing strong triple-digit growth in digital in the month of June. Historically, we've effectively navigated through excessive duties, and we're confident that we'll continue to do so under the current dynamic. Moving to our business results this quarter, we continue to demonstrate NIKE's full competitive advantage. Thanks for taking my question and thanks for all the information. The next question is from Michael Binetti with Credit Suisse. We also push what's possible in sport as seen in the latest launch of our NIKE NEXT% footwear platform. And fourth, this digital focus is guiding how we create the future of retail as we continue to launch seamless premium brick-and-mortar experiences. It can also be as simple as giving better access to the product they want in the moment so you're capturing more full-price demand. Great. And then, I guess, as a follow-up. In APLA, we continue testing new concepts with local partners such as our digital commerce relationship with Flipkart in India to leveraging the social media platform Kakao in Korea on the launch of Joyride and on-ramping new members. Now turning to our outlook, we see continued momentum going forward. Got it. Thank you. Read full article. Here is how the company's reported EPS has compared to analyst estimates in the past:Quarter Q1 2020 Q4 2020 Q3 2020 Q2 2019 EPS Estimate 0.47 0.09 0.59 0.57 EPS Actual 0.95 … The consensus among analysts is for the Swoosh brand to have a strong quarter despite some lingering headwinds of the pandemic. That is really a tale of two cities. It continues to add energy to the brand as well as help to drive our business in China. Your line is open. NIKE, Inc. Q2 2021 earnings call dated Dec. 18, 2020Corporate Participants: Andy Muir — Vice President, Investor Relations. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. It's all making us better. We know the digital is a new normal. Our store traffic and sales are improving quarter-over-quarter, and we're also seeing consumers increasingly self-identify as a member during checkout, or as we call it a linked transaction, which is leading to even more engagement on our apps and an elevated O2O journey. We have that ability. 2020 Annual Report. I'll start on North America Apparel. NIKE is staying on the offense and looking to extend our leadership position. Revenues for the NIKE Brand advanced 12% annually, while Converse revenue moved up 15%, supported by double-digit growth in Asia and Europe and higher digital sales globally. But more than the financial results, it's the continued strength of our brand, the response we're seeing from consumers and our unique position to be able to capitalize on our potential that excites me even more. Take care. And then we also had some SG&A leverage in those geographies in the quarter, as we were managing spend and working through new ways of working from a corporate perspective, and that also helped to fuel EBIT growth relative to revenue growth in the quarter. You also asked about this distinction between NIKE Direct differentiated consumer experiences and undifferentiated consumer experiences. In fact, during the quarter, we took focused actions to proactively shift the North America marketplace as part of our strategy to serve consumers more consistently and more personally. At the same time, we are focused on amplifying our brand impact. Earnings Trends. I think we're actually a lot smarter about how we not only where we invest in terms of new product innovation, but as I said, we better leverage that innovation across multiple categories and then up and down the price point spectrum across genders. These stores range across many different formats, from our houses of innovation concept in Paris to a new NIKE factory store in the Watts neighborhood of LA as we deepen our connection in key cities. Contact; Login; Join; US; Earnings Transcripts. Traffic trends were partially offset by higher conversion rates and higher spend per transaction. Our growth in Q1 was right on plan led by digital from a channel perspective, and Sportswear and Jordan categorically. Act 0.52 Est 0.458 Q2 2019 Nike Inc Earnings Call 12/20/2018 05:00 PM (EST) NKE. This summer, we also released a training shoe, the Air Zoom Tempo NEXT%, bringing the measurable benefit of NEXT% to runners focused on pace and endurance. And the benefit that that will drive is higher full price realization and less markdowns of product that we're selling digitally to consumers. Nike Inc (NYSE: NKE) Q1 2021 Earnings Call Sep 22, 2020, 5:00 p.m. Thank you. While NIKE Direct is a key driver, our strategic partnerships with JD and Zalando are also contributing to our strong, sustained growth in Europe. Hello, everyone, and thank you for joining us today to discuss NIKE, Inc.'s fiscal 2021 first quarter results. We're building industry-leading personal experiences, we're quickly ramping up our back-end capabilities to capture more of that demand, and the final critical piece is to create scale through our own channels and with our partners. Its revenue for the quarter was down .6% on a year-over-year basis. References to constant dollar revenue are intended to provide context as to the performance of the business eliminating foreign exchange fluctuations. Following the news release, NIKE … Nike shares as of Tuesday's market close are up about 15% year to date. We are focused on what we can control, deepening our consumer connections, while we manage risks and uncertainty in this environment. That assumes our strong currency-neutral revenue growth will be dampened by roughly 3 points of FX headwinds. … Especially during times of heightened safety measures due to COVID-19, this allows our teams to serve higher levels of digital demand with greater efficiency and precision. NIKE's digital transformation strategy is not easily replicated. Great. Way to go. Coach, as many of us called him, was a beloved member of the NIKE family, having served on our Board of Directors for over 30 years. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 25, 2020, to review fiscal fourth quarter and full year results. FY 2020 Q1 Earnings Release Conference Call Transcript September 24, 2019. Yes, Michael. Q1 2020 Nike Inc Earnings Call 09/24/2019 05:00 PM (EDT) NKE. If I was to tell you the one thing that we're not as pleased about are the FX headwinds that have impacted us. You watch a game on TV and you want to go out for a run, right. Fundamentally, that gives them easier access to more tailored products and services. And then, the second question is just around the inventory levels, any pockets of concerns there, any areas geographically that you're concerned about or anything we should think about from that perspective? I see so much more opportunity from being -- advancing our digital capabilities going forward. We were also able to increase the return on performance marketing investment, driving accelerated digital demand and greater digital engagement. NIKE, Inc. (NYSE:NKE) Q1 2021 Results Earnings Conference Call September 22, 2020 5:00 PM ET Company Participants. The strength of our brand, our compelling product and innovation, our leading digital ecosystem and more are all fueling our growing separation. In Q1, we launched the NIKE App at Retail in our Harajuku store, a great example of bringing the Consumer Direct Offense to life globally through the key city of Tokyo. The 30% DTC growth, obviously that's a huge number -- a smaller piece of the business, but you talked about that being still kind of being offset by the intentional reduction in undifferentiated wholesale. 08/27/2020. Gross margin expanded by 150 basis points in Q1, as average gross selling prices expanded and higher-margin NIKE Direct growth outpaced wholesale growth. You also asked about the impact of tariffs. ET. We expect reported revenue growth in Q2 to be in line with our Q1 reported revenue growth. Hello, everyone. No. As I've said before, the NIKE app is the most comprehensive, one-stop shop for NIKE. In Q1, we launched Nike (M), NIKE's first dedicated maternity collection. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. Our teams are accessing different ways to engage with more people completely and have them coming back for more. These advantages allow us to stay aggressive, and it's why I believe that no company is better positioned to emerge from this period than NIKE. Overall, Kids Footwear and Apparel just experienced its biggest back-to-school season ever driving double-digit growth for the quarter. Health and safety remain our first priority, so we've closed facilities and stores where appropriate. Maybe help us understand NIKE has obviously performed exceptionally in the past, but maybe if you can help us understand or give us insight into why that kind of broader platform seems to be performing so much more consistently than has historically. A point or two of growth in North America is a pretty significant impact. Two, this transformational growth is not happening by accident. NIKE Fit is our new technology that scans the foot, eliminating a significant consumer friction point by providing an accurate read of a user's shoe size. This transcript is provided by NIKE, Inc. only for reference purposes. Thank you, Andy, and hello to everyone on today's call. Kimberly Greenberger -- Morgan Stanley -- Analyst. We'll also be launching an at-home in-app experience later this fiscal year. Our athletes are doing the same. The consumer today is digitally grounded and simply will not revert back. A quick clarification on the digital trends. We talked about Apparel, we talked about Women's, digital, international is examples. We're also reimagining and clearly segmenting our top Sportswear franchises like the Air Force 1 and Tech Fleece. So we would expect that trend to continue in the short-term. I guess the question I have is -- I had two questions, really. In the event you have additional questions that are not covered by others, please feel free to requeue and we will do our best to come back to you. Obviously, right now, we're in the middle of a quite an uncertain moment and pandemic. Share Buyback. Announces First Quarter Fiscal 2020 Earnings and Conference Call. Robert Drbul — Guggenheim Securities LLC — Analyst. Okay. As you've seen over the last two quarters, our priorities are clear. 08/27/2019. We are reducing excess inventory at lower promotional levels relative to the overall marketplace, highlighting the strength of our brand and the value of our key product franchises, and we ended Q1 in a net cash position, generating positive free cash flow and increasing our liquidity to over $13 billion. Hey, guys. NIKE, Inc. (NYSE:NKE) Q2 2021 Results Conference Call December 18, 2020 5:00 PM ET Company Participants. For the full year, we now expect gross margin to be flat versus prior year, including 40 basis points of foreign exchange headwinds. We see more parents buying on our apps so we continue to invest in more dynamic imagery on our digital platforms, and we're testing new business models through membership to make it easier for parents to buy at the pace that their kids need new product. Our targeted investments are extending our competitive advantage. Despite the recently implemented tariffs and associated FX headwinds, we expect to continue delivering strong financial performance going forward, but before sharing our positive outlook for the balance of fiscal year 2020 I'll first touch on our reported Q1 results in a bit more detail. I could not be more proud of them and we can't wait to show you what we're going to do next. Nike (NKE) delivered earnings and revenue surprises of 97.92% and 15.49%, respectively, for the quarter ended August 2020. Q1 marks the 21st consecutive quarter of double-digit revenue growth in Greater China. We continue -- you asked about Women's in particular. Our last question comes from the line of Matthew Boss with JP Morgan. That's more reflective of what we're doing from an operating perspective. And first thing I'd just add is to just congratulate the commissioners of the major sports leagues who have just done a fabulous job of bringing sport back safely, safely for the players and coaches and then providing what are unprecedented viewership opportunities. ET. Now, I would like to turn the call over to Andy Muir, VP, Investor Relations. We don't have anything new to update you on in terms of Amazon. Just this month, you saw Naomi Osaka give voice to the Black Lives Matter movement by sitting out the finals of the tournament just prior to the US Open before returning to the US Open and winning it. At the bottom end of the income statement, Nike’s adjusted Q1 EPS figure is expected to climb 5.9% to reach $0.71 per share. Does that continue and does it cascade down to college and high school and youth? The response to this best-in-class yoga collection has been amazing and is already driving incredible growth for our women's yoga business. ET. Mark Parker - Chairman, President and CEO. Celect has developed unique models that leverage data science and machine learning in our industry, where we bring new and innovative product to market every season. One, again, is this extended back-to-school season, so you see some of that inventory now selling through as back-to-school extended into September, which is in our Q2. We sort of look at the Summer Olympics as term papers due, and so this is a time where we bring our best work not only from a brand standpoint, but certainly from a product standpoint. Despite the … There was also a little bit of an impact from foreign exchange in that inventory number. Download this Press Release BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) plans to release its first quarter fiscal 2020 financial results on Tuesday, September 24, 2019, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. For those who want to reference today's press release, you will find it at http://investors.nike.com. Paul Trussell -- Deutsche Bank -- Analyst. Temporary store closures decimated Nike's sales and earnings in the company's fiscal fourth quarter ended May 31, 2020. Robert Drbul -- Guggenheim Securities LLC -- Analyst. My question, I'm hoping you can provide an update on the RFID implementation, and any benefits you're seeing with inventory management, demand forecasting? On the first part of it is in North America, can you talk a little bit more about the Apparel performance in terms of -- you've seen some success in Women's, but just generally, the level of growth and sort of how we should approach that. So it's really a strategy, the Consumer Direct Offense that's about impacting every dimension of the portfolio. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. So, I'm wondering, as you think about the business from here, Matt, you talked a lot about continuing to invest, are there particular areas where you feel like you need to invest further? We've been broadening our definition of sport through our brand, but more and more, we're doing it through product innovation. Jordan has also continued to excite the consumer with locally relevant product, like the AJ XXXIV, Rui Hachimura, which was Japan's best-selling basketball launch ever. Nike NKE is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. Based on trade and other dynamics, we continue to be deeply engaged with all of our constituents in China and we're also closely monitoring consumer sentiment. In Q1, APLA revenue grew 13% on a currency-neutral basis, driven by nearly 50% growth in NIKE Digital. [Operator Instructions] Our first question is from Bob Drbul with Guggenheim Securities. Your line is open. RFID is going to drive improved inventory holding costs and it's also going to help us reduce our transportation costs, both in direct and in wholesale and we believe that's going to be a critical enabler in order for us to create a fully connected marketplace for NIKE products across both our own stores and our strategic partners. This incorporates our improved currency-neutral outlook being largely offset by the more intense FX headwinds of late associated with trade dynamics. The impact of tariffs will be most pronounced in Q2. Though health and safety remain paramount, you can just feel the optimism and excitement of sport coming back. I guess I'll take that one too. And kind of combining those two themes, one, the fact that it's largely seasonal inventory, and two, that the overall unit numbers are aligned, what you're seeing and you'd expect and hope to see is that our closeout mix is low, and it is. As for the second key theme, we are making deliberate investments both organically and through acquisitions to extend Nike's competitive advantage. The number in Q1 does compare unfavorably to some prior-year comps. … Our key categories and our 12 key cities in our 10 key countries are really the where in terms of growth opportunity is for NIKE. And third, lower physical traffic in our NIKE owned stores versus last year, although substantially improved versus the prior quarter. And given where things are sitting in the pandemic at this point in time, we were able to leverage the inventory visibility in order to be able to take advantage of some of the -- take advantage of the demand that we had across the marketplace and across our retail stores. Revenues rose 5 … Yeah, the way I would think about FX in fiscal year '20 is, we came into the year expecting FX to be sort of neutral to slightly favorable. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Hello, everyone, and thank you for joining us today to discuss Nike, Inc.' fiscal 2020 first quarter results. And then again, I think I touched on this a little bit with respect to Bob's question. We're also increasingly engaging with all of our constituents on the levers that are outside of our Direct control. Dec 13, 2020 {{::item.ticker}} • {{::item.company_name}} No Results … But more importantly, we saw tremendous momentum in the measures of success that matter most to create scale and drive long-term profitability. And Vertex brought us computer-vision capabilities for NIKE Fit, which we talked about. Hey. Bye-bye. There's much more to come from NIKE innovation in fiscal year '20. And so, frankly, our markdowns were much lower than we had planned there and in some other areas of our business not only than we planned for the quarter, but then you'd expect in a typical quarter. The impact of digital in China has been nothing short of extraordinary. Our focus, first and foremost, is on sustaining strong currency-neutral operating momentum over the full year and longer-term, but based on the volatile dynamics of late, I'll provide a bit of context on Q2. For the full year, we continue to expect reported revenue growth within the high-single digit range, slightly exceeding fiscal year '19 reported revenue growth. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. The place where we saw more balanced growth in the quarter was in Greater China where retail traffic has recovered closer to prior year levels and is approaching prior year levels but digital was still the fastest growing channel in that marketplace at over 30% growth. NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results. In North America specifically, Q1 revenue declined 1% on a currency neutral basis and EBIT increased 18% on a reported basis. BEAVERTON, Ore., Sept. 24, 2019 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019.. Revenue increased to $10.7 billion in … While we will incur a non-recurring charge to effect this plan in fiscal '21, this restructuring will also create a similar level of recurring annual cost savings that will help fuel the acceleration of our digital transformation. This is the first quarter since the start of the pandemic, where our retail was essentially opened. We extended our lead in Europe in Q1 with the NIKE Brand rated the number-one favorite brand in all of our key cities, and our business growing at strong double-digit rates in London, Berlin, and Milan. As you recall, our OneNike marketplace approach leads with NIKE digital in our own stores, as well as a smaller number of strategic partners who share our vision to provide a consistent and seamless consumer experience. But even in our foundational business, I think we've got tremendous upside ahead in terms of core. Great, thank you so much. Is that something that's already on the move as you see the growth rates that you're seeing in those markets with the digital business? Celect's capabilities are first of their kind in our industry. We're investing in building this business for the long-term, and that's where our focus is. Congrats on a great quarter. The early read from our members on our pilots has been very positive. NIKE, Inc. Q revenue declined 1% and was flat on a currency neutral basis, as NIKE Direct grew 13% led by strong digital growth offset by declines in our wholesale business. As the operator indicated, participants on today's call may discuss non-GAAP financial measures. We're seeing high-single digit growth in differentiated retail with our strategic partners, and we're seeing an expected and in fact somewhat intentional and deliberate decline in undifferentiated retail, and the drivers of that are how we allocate product and where we put our retail investment dollars. See you at the top! As a leader in our industry, we will add to the growing movement of health and wellness around the world. We've created a runway hit by blending Air Max and React with multiple bold color waves. Our teams continue to be very active in this space. Our revenue trend is improving with Q1 flat to prior year on a constant currency basis. Thanks for the question. The company reported earnings of $0.86 per share on revenue of $10.7 billion. Thanks. And in addition to more accurate fitting sizes, we're already using the insights we gain to inform better design product. Good afternoon, everyone. Performance footwear resonated with consumers in APLA this quarter, as we saw strong results from the Alphafly NEXT% and the Pegasus 37. At the same time, we are managing our business to deliver financial results that will set a strong foundation for growth and profitability in fiscal year '22 and beyond. I guess, looking at the North America and maybe -- I mean, EMEA EBIT dollar growth significantly outpacing revenue growth in those markets. NIKE, Inc. Q1 revenue increased 10% on a currency-neutral basis, and 7% on a reported basis. By the way, that's continuous. (RTTNews) - Nike Inc. (NKE) will host a conference call at 5:00 PM ET on Sept. 22, 2020, to discuss Q1 21 earnings results. % higher than our 2020 projection is required and frankly is under way performances at top. 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