Our athletes are doing the same. We have continued our unmatched pace of launching innovative product, generating a continuous flow of brand moments that connect with consumers and open groundbreaking retail concepts as we unlock significant long-term opportunity in a very dynamic environment. 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 Inc. (NKE) stock spikes after beating Q1 2021 estimates Major earnings conferences to watch for the week of Sept. 21 Nike (NKE): Physical and digital channels to work hand-in-hand to drive growth And you go shoot baskets in the driveway. Regardless of where they’re shopping, consumers want what they want, when they want, how they want it. I guess, just the first question that I have really is on — if you could maybe spend a little bit more time on the gross margin performance and can you just give us the buckets in the various units, is there any quantification around the promotions, the supply chain, the full price selling? That said, having had a technology background, I feel like there is so much opportunity remaining that we’re still just scratching the surface of what’s possible. Digital was up nearly 100% driven by triple-digit growth in full price sales and fueled by strong momentum in iconic styles, like the Air Force 1 and Air Jordan 1 along with women’s apparel, which grew nearly 200% in the quarter. So the only thing that I would say that that might even remotely sound like a deceleration is Greater China growth as the marketplace is normalized. 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. Finally, in our APLA geography, Q1 revenue declined 12% on a currency neutral basis, including digital growth that exceeded 90%. Eliud Kipchoge broke the two-hour barrier in a prototype of the Air Zoom Alphafly NEXT%. 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. Our new regional service center near Los Angeles went live this month and uses predictive modeling to anticipate consumer demand and ensure the product our consumers want is available and will arrive within one to two days. Good afternoon, everyone. 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. 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. Second, in a normalized period, we earn roughly 10 points higher gross margin rate on our digital revenue versus wholesale. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http:// investors.nike.com. 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. The stock went up almost 9% due to impressive earnings beats. And so as you can see, even during market uncertainty, we’re not slowing down. Why don’t I take the first part and then maybe John will grab the second piece of it. Thanks and congrats on a nice quarter. Any color on that would be helpful. Act 0.78 Est 0.59 Q3 2020 Nike Inc Earnings Call 03/24/2020 05:00 PM (EDT) NKE. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, October 6, 2020. 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 in closing, I want to thank our teammates all over the world who continue to innovate, execute and show tremendous resilience throughout a challenging year. Nike (NKE) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.48 per share. Q1 FY20Q1 FY21 Q1 Fiscal 2021 Financial Highlights 4 Q1 FY20 Q1 FY21 Q1 FY21 $3,496M i1% i1% Organic Constant Currency (a) $3,471M $745M $781M $1.34 $1.41 h5% (a) For a reconciliation of these non-GAAP financial metrics to their closest comparable GAAP metrics see our Q1 fiscal 2021 earnings release available at investors.adp.com. Our goals and our principles related to how we financially manage the business are really unchanged to deliver sustainable, profitable and capital efficient growth over time. And so that’s how we’re looking at the first half of the year. Great. We are focused on what we can control, deepening our consumer connections, while we manage risks and uncertainty in this environment. 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. Welcome to Nike Inc’s Fiscal 2021 first quarter conference call. 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. Joining us on today’s call will be NIKE, Inc. President and CEO, John Donahoe; and our Chief Financial Officer, Matt Friend. 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. Oppenheimer analyst B. Nagel anticipates that the footwear maker will post earnings of $0.39 per share for the quarter. Nike stock rose late. In EMEA, Q1 revenue grew 5% on a currency neutral basis and EBIT grew 14% on a reported basis. I can tell you all 75,000 people here at NIKE love sport, love sport coming back and we’re cautiously optimistic that will continue till we get through this pandemic. Nike Inc (NYSE:NKE) – Investment analysts at Piper Sandler lifted their Q1 2021 EPS estimates for shares of Nike in a note issued to investors on Wednesday, September 16th. Thank you, operator. 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: 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. And third, our consumer-led digital transformation is clearly a catalyst for long-term revenue and earnings growth. We had many product highlights this quarter. In North America specifically, Q1 revenue declined 1% on a currency neutral basis and EBIT increased 18% on a reported basis. Your line is open. We will use data at to stay a step ahead and help us create a better product as consumer insights power our business end-to-end towards even greater growth. And as we look to the Tokyo Olympics next summer, NIKE remains in unique position to serve our consumers and feel their passion for sport. Your line is open. We’re investing in building this business for the long-term, and that’s where our focus is. So we would appreciate you limiting your initial questions to one. As I mentioned, our innovation pipeline and cadence has not slowed even during this uncertain environment. We continue to see varied impacts of COVID-19 across countries in the region, with growth in the Asia-Pacific region being led by Japan, Pacific and South Korea, while recovery in Latin America and certain countries in Southeast Asia continues at a slower pace. And we believe that will continue to — that will be a driver as well of continued gross margin expansion. The company also offered a fresh outlook for fiscal 2021, expecting sales to be up high-single-digits to low-double-digits from a year earlier, calling for demand to grow later in the year and through the holidays. Estimates: Wall Street expects Nike earnings to fall 10% to 63 cents a share, with revenue rising 2% to $10.55 billion. Our belief in innovation is embedded in everything we do. 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. Our gross margin outlook will continue to be a function of prioritizing a return to normalized inventory levels by the end of Q2. Nike (NYSE: NKE) is scheduled to announce Q1 earnings results on Tuesday, September 22nd, after market close. NIKE inventory levels have improved since May, with Q1 inventory growing 15% versus prior year as compared to 31% growth in Q4 and is on track to be normalized in the next 60 days. Q1 FY20Q1 FY21 Q1 Fiscal 2021 Financial Highlights 4 Q1 FY20 Q1 FY21 Q1 FY21 $3,496M i1% i1% Organic Constant Currency (a) $3,471M $745M $781M $1.34 $1.41 h5% (a) For a reconciliation of these non-GAAP financial metrics to their closest comparable GAAP metrics see our Q1 fiscal 2021 earnings release available at investors.adp.com. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. I’ll now turn the call over to NIKE. And as part of the consumer direct acceleration, we have some clear immediate priorities, including scaling O2O, improving personalization and creating a consistent end-to-end technology platform. 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. Is it an ever lower customer acquisition cost? 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. Earnings. 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. For the full year, we now expect gross margin to be flat versus prior year, including 40 basis points of foreign exchange headwinds. I think there’s probably three key drivers of operating margin improvement that we see from leveraging scale of our digital business. Coupled with the popularity, we saw for VaporMax 2020, we are seeing real consumer appetite for sustainability, especially with our youngest consumers. 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. This is just one reflection of how digitally enabled our future of retail is and how membership is a critical differentiator. 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. John J. Donahoe II — President and Chief Executive Officer. And thanks everyone for joining us today. And how are you guys capitalizing on your integration and deep roots in all those sports? 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. All right. As parents The NIKE and Jordan brands are stronger than ever, delivering historic records of engagement through nearly 5 billion social media impressions just this quarter. Much of the gains were fueled by 82% growth in online sales. 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? NIKE, Inc. (NYSE: NKE) plans to release its second quarter fiscal 2021 financial results on Friday, December 18, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. By the way, that’s continuous. Q1 Fiscal Year 2021 Earnings Call November 16, 2020. Our momentum is building and more importantly our market share is accelerating around the world. 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. Some forward-looking statements may concern expectations of future revenue growth or gross margin. Our innovation pipeline demonstrates both our strength as well as our endurance. Thanks. I appreciated your comments, Matt, on the digital margins, obviously a very nice — I think you said 10 point higher gross margin than wholesale in your digital channel. The response to this best-in-class yoga collection has been amazing and is already driving incredible growth for our women’s yoga business. Our first quarter revenue performance was impacted by strong NIKE Brand digital growth of 82 percent, offset by lower revenue in our wholesale business and NIKE-owned stores. No. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. As we look ahead to Q2, Bob, our margin will continue to be a function of supply and demand management because our top priority is to normalize inventory by the end of the second quarter. And in the Nike Running Club, we’ve seen four consecutive months of more than a 1 million downloads each month of our audio-guided runs. Welcome to NIKE, Inc.’s Fiscal 2021 Second Quarter Conference Call. And we’ll start to see the benefits in our supply chain from exiting the extra storage that we needed for inventory in the first half. And as I’ve said before, these are times when the strong can get stronger, and I’m energized by our incredible potential. Simply put, scale matters and NIKE leads and we will continue to lead in this space for all the reasons I’ve already mentioned. On Tuesday, Nike reported its latest fiscal results for 2021 Q1, seeing a 13% jump in shares, along with an 82% rise in online sales. Despite the uncertainty regarding the impacts of the coronavirus outbreak, the company updated its guidance for fiscal 2021 based on the robust first-quarter results. Bob, I can give a one word answer to that question. Contents: Prepared Remarks; Questions and Answers ; Call Participants; Prepared Remarks: … Our engagement and membership metrics show incredible momentum. X Nike Earnings. Your line is open. Following their prepared remarks, we will take your questions. 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. 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. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. Safe Harbor Certain statements contained in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 . Our last question comes from the line of Matthew Boss with JP Morgan. We are scaling robotics and automation in our logistics operations, accelerating digital throughput and cutting order cycle times by up to 50%. 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