First, by leveraging data to enhance membership, personalization and consumer-oriented O2O services across the marketplace, we can drive greater inventory efficiency and unlock accelerated growth in key opportunities like women’s and apparel. Most notably during the pandemic, we’ve seen an acceleration of share gains in US women’s and apparel, two areas of strategic focus. Yes, Michael. 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. Over the past quarter, we continued to prove this out across four key areas. Health and safety remain our first priority, so we’ve closed facilities and stores where appropriate. Our revenue trend is improving with Q1 flat to prior year on a constant currency basis. Wall Street analysts had projected earnings per share of $0.47 on revenue of $9.14 billion, according to Refinitiv estimates. Nike Inc. (NYSE: NKE) Q1 2021 earnings call dated Sep. 22, 2020 Corporate Participants: Andy Muir -- Vice President of Investor Relations John J. Donahoe II Though health and safety remain paramount, you can just feel the optimism and excitement of sport coming back. NIKE has a strong track record of investing to fuel growth and consistently increasing returns to shareholders including 18 consecutive years of increasing dividend payouts. Looking into the whole of its 2021 fiscal year, Nike said it sees revenues rising in the ... "Nike's (earnings… Our new store in Guangzhou is a data-powered store concept that curates a one-to-one personalized shopping journey. Company The first one just relates to leveraging data and the data that we continue to gather as a growing business to create personalized product offerings for consumers. In the Greater China region, Nike's … Revenues for the NIKE Brand were $10.0 billion, flat to prior year on a currency-neutral basis driven by double-digit growth in NIKE Direct, as well as growth in Sportswear and the Jordan Brand, offset by declines in our wholesale business. By continuously adding new styles, we expand these popular platforms. Following their prepared remarks, we will take your questions. NIKE, Inc. Q2 2021 earnings call dated Dec. 18, 2020Corporate Participants: Andy Muir — Vice President, Investor Relations. Joining us on today’s call will be NIKE, Inc. President and CEO, John Donahoe; and our Chief Financial Officer, Matt Friend. John J. Donahoe II — President and Chief Executive Officer. As with all our articles, AlphaStreet, Inc. does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. And third, our consumer-led digital transformation is clearly a catalyst for long-term revenue and earnings growth. We’re investing in building this business for the long-term, and that’s where our focus is. BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020 . Nike (NKE) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.48 per share. Gross margin decreased 90 basis points in Q1 versus the prior year as a result of impacts from COVID-19, including higher promotions to reduce excess inventory across the marketplace and higher supply chain costs. Find the latest Earnings Report Date for Nike, Inc. Common Stock (NKE) at Nasdaq.com. To-date, we’ve done some impressive things to achieve scale, highlighted by our app ecosystem, our RFID investment and our omni-channel distribution centers. Our engagement and membership metrics show incredible momentum. Nike's stock jumped after posting Q1 FY 2021 earnings that beat analyst expectations by a wide margin. And how are you guys capitalizing on your integration and deep roots in all those sports? Next question is from Jamie Merriman with Bernstein. We’re accelerating what probably would have happened in the retail environment on a — naturally in the next four years to five years, we’re going to try to drive it for our business in the next one years to two years. 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. And while we continue to navigate through uncertain dynamics, sport has returned; interest in activity and health, fitness and wellness has never been greater; consumer connection and engagement with our brands is growing; and NIKE is transforming the way we operate to better serve all consumers. Second, in a normalized period, we earn roughly 10 points higher gross margin rate on our digital revenue versus wholesale. First quarter reported revenues were $10.6 billion, down 1 percent on a reported basis and flat to prior year on a currency-neutral basis*, NIKE Direct sales were $3.7 billion, up 12 percent on a reported basis, and up 13 percent on a currency-neutral basis, with growth across all geographies, NIKE Brand digital sales increased 82 percent, or 83 percent on a currency-neutral basis, with double-digit increases across North America, Greater China, and APLA and triple-digit growth in EMEA, Diluted earnings per share for the quarter was $0.95, up 10 percent, Inventory rose 15 percent versus prior year but decreased 9 percent versus prior quarter, “Our results this quarter continue to demonstrate NIKE’s full competitive advantage, as we strengthen our position in the midst of disruption,” said John Donahoe, President and CEO, NIKE, Inc. “In this dynamic environment, no one can match our pace of launching innovative product and our Brand’s deep connection to consumers. In Q1, NIKE active members increased nearly 60% with even higher growth in buying members. As parents We have got to move deeper into the funnel, [indecipherable] moving from attracting and acquiring new members to retaining members, knowing those members and driving more engagement and frequency of purchase within our existing member base. Looking forward, we believe that NIKE is stronger and now even better positioned to drive separation than prior to the pandemic. Q1 2021 Nike, Inc. Earnings Conference call 09/22/2020 05:00 PM (EDT) NKE. We know the digital is a new normal. Through the power of sport, we are creating hope and inspiration at a time when the world needs it. And then the third piece kind of ties back to what I referenced on our performance marketing investment in marketing. These factors were offset slightly by favorable full price product margins and the reversal of certain reserves associated with purchase order cancellations due to higher than anticipated consumer demand. And so that’s how we’re looking at the first half of the year. Earnings. Is it really just a matter of scale? I could not be more proud of them and we can’t wait to show you what we’re going to do next. Second, our brand continues to deeply connect. Recovery in Italy and Spain continues to lag recovery across the rest of Western Europe. You will find the appropriate reconciliations in our press release, which was issued about an hour ago or at our website, investors.nike.com. Q1 Fiscal Year 2021 Earnings Call November 16, 2020. Much of the gains were fueled by 82% growth in online sales. Our innovation pipeline demonstrates both our strength as well as our endurance. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. As parents 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. At NIKE, innovation is a systemic approach and it’s how we extend our lead. And so, we’re simply accelerating that transition. I guess, just — and just a follow-up, quick question is, have you guys considered with the Cactus Jack maybe some sort of collaboration with McDonald’s in terms of like do the happy meal with the Cactus Jack and you can get a pair of shoes or anything like that, is that in the pipeline at all? The surge accelerated Nike's plans to … Do the numbers hold clues to what lies ahead for the stock? The consensus EPS Estimate is $0.49 (-43.0% Y/Y) and the consensus Revenue Estimate … First, as discussed on previous earnings calls, we implemented an enterprise-wide operational plan at the onset of the pandemic. And that will, for all the reasons Matt has described, that will have financial benefits, that will have profitability benefits, in addition to having growth and market share benefits, which is what we’re really focusing on. As we accelerate the pace of investment, our technology foundation will enable us to unlock operating efficiency through automation and increased productivity across the organization. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. These include member engagements and owned digital market share. Download the PDF of the FY21 Q1 Press Release and Schedules. NIKE, Inc. (NYSE: NKE) Q1 2021 Results Earnings Conference Call September 22, 2020 5:00 PM ET. Ultimately, we will drive deeper consumer connections and continue to amplify our brand strength using technology to operate more efficiently and at greater scale. The future for NIKE is bright. First, NIKE is recovering faster, fueled by brand momentum and our relentless focus on execution. But more importantly, we saw tremendous momentum in the measures of success that matter most to create scale and drive long-term profitability. Read the full transcript here. According to Piper Sandler analysts, Nike, Inc. (NYSE: NKE) is now expected to announce $0.54 as earnings per share for the 1 st quarter of 2021 as per their report issued on the 14 th of December. And so, that’s what’s driving our OneNike marketplace, where we lead with digital, directly connect with them for all the reasons Matt has already described, we then follow with our NIKE Direct where we have very premium experiences that are often digitally infused and then we work with fewer strategic partners who see the world the same way we see the world, and want to provide the consistent experiences for our consumers, want to provide the same level of knowledge and understanding so consumers know who they are. Thanks. We have that ability. Obviously, there are a number of factors that are outstanding that may create disruption over periods of time as we look at it. We can navigate. Prior to the temporary suspension of the share repurchase program, a total of 45.2 million shares had been repurchased for approximately $4.0 billion, resulting in approximately $11.0 billion in remaining capacity under the 2018 share repurchase program. Express Lane drove revenue growth and generated higher full price realization in the quarter. The accelerated consumer shift toward digital is here to stay; the definition of sport to include all facets of health, wellness and fitness and it’s the deeply connected authentic brands with scale that will win. Tags: nike market cents. And thanks everyone for joining us today. You almost answered the question for me there hitting the points. According to Piper Sandler analysts, Nike, Inc. (NYSE: NKE) is now expected to announce $0.54 as earnings per share for the 1st quarter of 2021 as per their report issued on the 14th of December. View original. And, Omar, on the second, how cool is it to be able on a weekend, to watch literally within hours NBA, NFL, MLB, NHL, college football, US Open Tennis, a major golf tournament. Any reproduction, redistribution or retransmission is expressly prohibited. As I reflect on the first quarter, there are three key strategic and financial themes that stand out. Is it greater data capabilities? NIKE entered the pandemic with unparalleled brand and business momentum. There are a few elements that are important for me to highlight here. And while we doubled down on the strategic capabilities required to fuel our digital acceleration, we are simultaneously driving a sharper prioritization and sequencing of our investments. The consumer energy around this broader campaign is testimony to NIKE’s brand appeal at a time when so much is going on in the world. Nike shares soared 13% in extended trading Tuesday as the company reported an 82% increase in online sales and offered up an outlook that calls for demand to grow through the holidays.The company has used the coronavirus pandemic as an opportunity to accelerate its digital business, and its women's apparel division grew nearly 200%. And while we will need to continue investments to expand digital fulfillment capacity, we can improve operational efficiency through predictive modeling tools, data driven member personalization and inventory staging. We’re also connecting through our purpose and values as our brand continues to be culturally embedded throughout the world of sport and beyond. Subscribers Only. For instance, we re-energized the iconic Air Max 90 this year and it was one of the quarter’s top growth drivers. Q1 2021 Nike, Inc. Earnings Conference call Starting in 7 hrs 50 mins Upcoming calls Page 1 of 1 Showing 1 – 1 of 1 calls Q1 2021 Nike, Inc. Earnings Conference call. Great, thank you so much. 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. With that, let’s turn to our reported operating segments. Moving to our business results this quarter, we continue to demonstrate NIKE’s full competitive advantage. 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? Matthew Friend — Executive Vice President and Chief Financial Officer. Revenue of $10.59 billion beat the $9.11 billion estimate. These risks and uncertainties are detailed in the reports filed with the SEC, including the Annual Report filed on Form 10-K. Here's what analysts are estimating as well as its stock performance. And as I’ve said before, these are times when the strong can get stronger, and I’m energized by our incredible potential. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. We are focused on what we can control, deepening our consumer connections, while we manage risks and uncertainty in this environment. Just in Q1, we launched new stores in Guangzhou, China; Seoul, Los Angeles and Paris, with two new doors in New York City coming in the next few weeks. A quick clarification on the digital trends. Way to go. Nike (NKE) delivered earnings and revenue surprises of 97.92% and 15.49%, respectively, for the quarter ended August 2020. Second, women’s outperformance versus men’s and a growing Jordan brand. I wouldn’t trade our position with anyone. Cantel Medical Corp (CMD) Q1 2021 Earnings Call Transcript Motley Fool. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. Regardless of where they’re shopping, consumers want what they want, when they want, how they want it. Greater China, EMEA, Japan and South Korea have already returned to growth. And what I’d say is that in North America, EMEA and APLA, we continue to deliver above or at 100% triple-digit growth in digital in the quarter. Nike (NKE) reports fiscal Q1 2021 earnings and revenue conquer . Traffic trends were partially offset by higher conversion rates and higher spend per transaction. I think that obviously safety is paramount. And that they lies in our own doors and they help to accelerate our own capabilities and by providing a clear line of sight to the inventory levels. Our belief in innovation is embedded in everything we do. In addition, participants may discuss non-GAAP financial measures, including references to constant dollar revenue. And so, you hear the excitement in my voice. BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. Nike Shares Soar To Record High As Digital Sales Surge Leads Q1 Earnings Beat. 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. Read More: For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http:// investors.nike.com. Transcribe Your Own Content. Nike Inc. (NKW) held their Q1 FY21 earnings conference call on September 22, 2020. We now expect reported revenue to be roughly flat versus prior year in the first half of fiscal ’21. Leading today’s call is Andy Muir, VP, Investor Relations. This brings me to my final theme, our consumer-led digital transformation is clearly a catalyst for long-term revenue and earnings growth. Revenues for Converse were $563 million, up 2 percent on a currency-neutral basis, mainly driven by strong demand in Europe and in digital, globally. We tightly managed operating expenses, including lower and more effective marketing spend, as live sporting events slowly started to resume, while investing to support accelerating digital growth and transformation. In this moment, the pandemic has allowed us to accelerate where and how we will invest. We think that’s good for consumers and it’s ultimately good for NIKE. No. With that, let’s turn to Greater China, which continued its strong momentum with 8% growth on a currency neutral basis, with Mainland China delivering double-digit growth. For example, we drove significant leverage in our demand creation spending versus prior year in the last few quarters, creating fewer but significantly more impactful brand campaigns. We saw owned digital market share gains across both the US and key countries in EMEA, which gives us confidence in our ability to sustain and to grow our digital penetration even as physical retail traffic continues to recover. The response to this best-in-class yoga collection has been amazing and is already driving incredible growth for our women’s yoga business. Apparel in EMEA grew 11% on a currency neutral basis, led by the performance categories of running, training, basketball and global football, which featured our biggest club launch ever with Liverpool FC. Let me briefly touch on each of these four themes. Nike (NYSE: NKE) earnings for the athletic wear company’s fiscal first quarter of 2021 have NKE stock heading higher on Wednesday. And then beyond that, where I think we still have huge opportunity is we now have one integrated technology roadmap and we’re applying that across our entire company end-to-end. I think there’s probably three key drivers of operating margin improvement that we see from leveraging scale of our digital business. NIKE, Inc. (NYSE: NKE) plans to release its first quarter fiscal 2021 financial results on Tuesday, September 22, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Nike (NYSE: NKE) is scheduled to announce Q1 earnings results on Tuesday, September 22nd, after market close. Next question is from Jim Duffy with Stifel. EMEA also continues to lead globally with our Express Lane offense, maximizing supply availability and actively managing inventory, while capturing emerging trends. As I said last quarter, fiscal ’21 will continue to be a time of uncertainty because virus containment patterns around the world remain volatile. [Operator Instructions] Our first question is from Bob Drbul with Guggenheim Securities. And so, we now have a three — a clear three-year roadmap that — to bring technology to every element of our operation and every element of our end-to-end business. This is the first quarter since the start of the pandemic, where our retail was essentially opened. Welcome to Nike Inc’s Fiscal 2021 first quarter conference call. Our NIKE digital business is already meeting our mix goal of 30%, nearly three years ahead of schedule and we will continue to grow from here. And I’d also love your — an updated kind of view on outlook on the return of team in organized sports, the NBA playoffs, NFL is back, do you think this is going to continue to build over time even at the youth and collegiate level as well? In all 12 of our key cities, NIKE remains consumers’ number one favorite brand. Nearly all of the NIKE-owned physical doors were open during the quarter across North America, EMEA and Greater China with approximately 90 percent of doors open in APLA. And so, those two factors in particular were large drivers of gross margin performance in the quarter. • First quarter reported revenues were $10.6 billion, down 1 percent on a reported basis and flat Your line is open. Contents: Prepared Remarks; Questions and Answers ; Call Participants; Prepared Remarks: … NIKE Inc. NKE swings to post better-than-expected top and bottom lines for first-quarter fiscal 2021 on robust growth in digital business despite soft retail traffic and wholesale revenues. For those teammates who’ve been impacted by evacuation orders, we’ve made additional benefits of support available and the NIKE Foundation has donated $1 million to provide relief efforts for the Oregon wildfires, focusing on both intermediate and longer-term needs. Earnings Release FY21 Q1 Microsoft Cloud Strength Fuels First Quarter Results REDMOND, Wash. — October 27, 2020 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2020, as compared to the corresponding period of last fiscal year: With positive developments on the vaccine front giving fresh hopes of markets reopening, major stock indexes continued their rally this week. We’ve already deployed this automation in North America, Japan and EMEA and we’ll continue to scale these critical improvements further as delivery becomes increasingly important in consumer buying decisions. Thanks for the question. I’m wondering, if you can just cover some of the key unlocks that you visualize or that you envision happening over the next few years that will basically allow that digital operating margin to track higher over time? As the operator indicated, participants on today’s call may discuss non-GAAP financial measures. Nike (NKE) Q1 2020 Earnings Preview: North America, ... Nike’s Q1 2020 revenues are projected to jump 5% to hit $10.45 billion, ... with 2021 expected to come in 8.4% higher at $45.70 billion. Terrific rebound in the business. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. And all of these concepts are underpinned by digital. Nike Inc (NYSE:NKE) – Investment analysts at Wedbush issued their Q1 2021 EPS estimates for Nike in a report issued on Friday, June 12th. As you’ve seen over the last two quarters, our priorities are clear. 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. However, Q1 did benefit from about 55 basis points of one-time accrual reversals that we had incurred in Q4. NIKE Direct grew over 20% with more balanced channel growth as digital grew nearly 30% and NIKE owned stores were up double-digits fueled by key consumer moments like 6/18, where NIKE was the number one sports brand on Tmall. By the way, that’s continuous. Hey, guys. Thanks very much. As I mentioned, our innovation pipeline and cadence has not slowed even during this uncertain environment. Est 0.067 Q4 2020 Nike Inc Earnings Call 06/25/2020 05:00 PM (EDT) NKE. And third, lower physical traffic in our NIKE owned stores versus last year, although substantially improved versus the prior quarter. Your line is open. As you saw a more pronounced shift in the business in wholesale here in the quarter, some of that probably forced on you by the macro backdrop, but what do you think about the margin evolution in North America from here as we normalize and get on the other side of this COVID period and look out to second half of this year and into 2022? In the first quarter, the Company paid dividends of $384 million to shareholders, up 11 percent from the prior year. So if you add that back, you get to a gross margin that’s down roughly 145 basis points versus the prior year and that’s driven by markdown activity to work through and normalize our supply. We continue to bring fresh points of view to our most beloved footwear, Air Force 1, Air Jordan 1 and our deep lineup of Air Max. Further, as we grow digital engagement and we retain a higher proportion of engaged members with increased buying frequency, we will be lowering customer acquisition costs, increasing our return on ad spend and changing the shape of our demand creation investment. And the benefit that that will drive is higher full price realization and less markdowns of product that we’re selling digitally to consumers. 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. We now expect SG&A will be flat versus prior year, including approximately $200 million to $250 million of non-recurring execution costs incurred in the first half associated with simplifying our organizational structure. And so, what we’re going to be focused on over the next 90 to 120 days is continuing to clean our inventory, continuing to create those consumer connections like we’ve been talking about and really focus on our OneNike marketplace strategy, exiting undifferentiated wholesale distribution and focusing on the opportunities that we see for NIKE Direct and our strategic partners and we believe that this strategy will fuel growth and profitability in line with the long-term financial model that we’ve previously communicated. Thanks for your cooperation on this. 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