So, we are seeing a benefit from increased digital penetration on our margins within those two geographies. 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. All-in-all, Bob, that just nets to about a flat versus prior year. Over the past several months, we’ve established clear objectives for our business and we have been relentless in our focus on those objectives and the results are reflecting that. And then maybe talk about how these benefits materialize in the model in coming quarters and years, what are some of the key metrics we should watch for the progress on that? And so, those two factors in particular were large drivers of gross margin performance in the quarter. New innovation continues to resonate with our consumers, with key innovation platforms becoming an even bigger part of our mix in Q1. Second, the power of the NIKE brand continues to be felt all over the world. Greater China, EMEA, Japan and South Korea have already returned to growth. I’ll go a little deeper in one, just as an example. Over the past quarter, we continued to prove this out across four key areas. This is just one reflection of how digitally enabled our future of retail is and how membership is a critical differentiator. However, Q1 did benefit from about 55 basis points of one-time accrual reversals that we had incurred in Q4. For instance, we re-energized the iconic Air Max 90 this year and it was one of the quarter’s top growth drivers. Despite varied recovery curves and macroeconomic dynamics, our geographies have some key themes in common in Q1. Great, thank you so much. 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. This leads me to the second theme. 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. Nike (NKE) reports fiscal Q1 2021 earnings and revenue conquer . This is down from their earlier estimate of $0.56 for that quarter. And so that’s how we’re looking at the first half of the year. 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. Participants may also make references to other non-public financial and statistical information and non-GAAP financial measures. As I reflect on the first quarter, there are three key strategic and financial themes that stand out. NIKE sportswear and basketball drove double-digit growth in the quarter, with strong sell-through of key innovation launches like the Alphafly NEXT%, Space Hippie and the AJ 1 FlyEase. Looking forward, we believe that NIKE is stronger and now even better positioned to drive separation than prior to the pandemic. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat December 20, 2020 Sam khawaja 0 Comments Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America and strong demand for its … 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. And maybe Matt, if you could just — a little bit more around — you gave some commentary for the full year, but maybe just the drivers of that performance for the remainder of the year would be very helpful. Greater China revenue increased by 6 percent on a reported basis and 8 percent on a currency-neutral basis, led by digital and NIKE Factory Stores. BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020 . I think that obviously safety is paramount. Our revenue trend is improving with Q1 flat to prior year on a constant currency basis. Got you. And then, I guess, as a follow-up. I say my prayers every night and hope so. Clorox posted Street-beating earnings for its fiscal first ... Clorox Smashes Q1 Earnings Forecast, Boosts 2021 ... SolarWinds, FedEx, Coinbase, Nike - 5 Things You Must Know Friday. And last but not least, our sustainable footwear platform known as Space Hippie saw amazing sell-through in our highest heat innovation launch ever. 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? There are a few elements that are important for me to highlight here. Nike (NKE) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.48 per share. 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. 22 mins When Its Merger With EV Maker Canoo Closes, HCAC Stock Will Fly InvestorPlace 24 mins Dollar Thumped Seeking Alpha 25 mins FedEx, UPS Navigate Tight Capacity as Storm Impacts Deliveries TheStreet 27 mins Moderna Shares, Up 600% This Year, Limp … Hello, everyone. 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. Well. NIKE, Inc. Q2 2021 earnings call dated Dec. 18, 2020Corporate Participants: Andy Muir — Vice President, Investor Relations. Now, I would like to turn the call over to Andy Muir, VP, Investor Relations. Thank you. Joining us on today’s call will be NIKE, Inc. President and CEO, John Donahoe; and our Chief Financial Officer, Matt Friend. Do the numbers hold clues to what lies ahead for the stock? In fact, we can thrive in this environment, thanks to our digital advantage and the full breadth of our global portfolio. Any reproduction, redistribution or retransmission is expressly prohibited. 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. 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. Transcribe Your Own Content. For example, we’re seeing almost 200% growth in demand for our Nike commerce app, with triple-digit growth in monthly active users. Why don’t I take the first part and then maybe John will grab the second piece of it. BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. Oppenheimer analyst B. Nagel anticipates that the footwear maker will post earnings of $0.39 per share for the quarter. And the most obvious one right now is just the pandemic and the impact it has on consumer demand and consumption in the near-term. 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. At the same time, we are focused on amplifying our brand impact. Hey, Matt. And I think the other part of — this is not organized sport that we’re seeing is I think — and I think these things are related. As I mentioned, our innovation pipeline and cadence has not slowed even during this uncertain environment. I wouldn’t trade our position with anyone. Our belief in innovation is embedded in everything we do. And as we drive continued separation in the market through connected, seamless and modern consumer experiences, we will fuel growth and profitability. This compares to earnings of … And over the past three months, as most companies focused on just surviving, we are continuously bringing forward new compelling product to market. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. Contents: Prepared Remarks; Questions and Answers ; Call Participants; Prepared Remarks: … 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? 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. And third, lower physical traffic in our NIKE owned stores versus last year, although substantially improved versus the prior quarter. And I’d just build on that, what Matt talked about last quarter, the real issues — the real story is data, right, the way data then infuses that with the Celect acquisition, where we’re able to forward deploy inventory to be able to predict demand reliably enough, where we can forward deploy inventory, so it’s within one to two day ground shipping to a large number of consumers across the country. Thanks for taking my question and thanks for all the information. 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. 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. EMEA returned to growth of 5 percent on a reported basis, led by triple-digit growth in digital. Earning Call Audio. This is the first quarter since the start of the pandemic, where our retail was essentially opened. Nike (NYSE: NKE) is scheduled to announce Q1 earnings results on Tuesday, September 22nd, after market close. 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. This is a trend that we expect to continue throughout this fiscal year as we change the shape of the North America marketplace. 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. 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. Despite ongoing uncertainty, more countries are emerging from containment and have returned to growth, China, Japan, South Korea, the UK, France and Germany just to name a few. And again, that’s where the scale competitive advantage comes from in our supply chain because we’ll be able to forecast demand, get the right inventory in the right places to get it to consumers quickly both for ourselves and maybe even over time as an added benefit for our strategic wholesale partners. 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? You watch a game on TV and you want to go out for a run, right. Is it really just a matter of scale? NIKE entered the pandemic with unparalleled brand and business momentum. This is how NIKE leads. Q1 2021 Earnings Presentation November 5, 2020 . 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 And so as you can see, even during market uncertainty, we’re not slowing down. And as John mentioned, digital across owned and partner now represents over 30% of our total business, up more than 10 points of share versus the prior year. Nike Inc. (NKW) held their Q1 FY21 earnings conference call on September 22, 2020. GAAP net income was $1.23 billion, or $4.55 per share, compared to, © 2020 AlphaStreet Inc. All Rights Reserved, Construction Partners, Inc. (ROAD) Q4 2020 Earnings Call Transcript, Canadian Imperial Bank of Commerce (CM) Q4 2020 Earnings Call Transcript, Kroger Co. (KR) Q3 2020 Earnings Call Transcript, Earnings calendar for the week of December 21, Infographic: Highlights of Darden Restaurants’ (DRI) Q2 2021 earnings report, Key highlights from FedEx (FDX) Q2 2021 earnings results. At NIKE, innovation is a systemic approach and it’s how we extend our lead. 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. Any color on that would be helpful. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. Hey, guys. First quarter diluted earnings per share was $0.95, up 10% versus prior year. 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? 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. ET. We think that’s good for consumers and it’s ultimately good for NIKE. Therefore, each market recovery will not be linear and the comparisons with prior year will become increasingly less intuitive. 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. First, NIKE is recovering faster, fueled by brand momentum and our relentless focus on execution. 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. View original. We’re investing in building this business for the long-term, and that’s where our focus is. 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. 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. Just help us get our hands around the various drivers of the gross margin this quarter. Nike Inc Q2 2021 Earnings Call Dec 18, 2020, 5:00 p.m. 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. 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. 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. NIKE Direct grew over 25%, with over 100% digital growth, driven by lifestyle products as the consumer focus on comfort continues. To the extent, non-public financial and statistical information is discussed, presentations of comparable GAAP measures and quantitative reconciliations will be made available at NIKE’s website, http://investors.nike.com. And thanks everyone for joining us today. And as always, we connect with consumers through the power of sport. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. Nike's stock jumped after posting Q1 FY 2021 earnings that beat analyst expectations by a wide margin. 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. In EMEA, Q1 revenue grew 5% on a currency neutral basis and EBIT grew 14% on a reported basis. Q1 Fiscal Year 2021 Earnings Call November 16, 2020. Matthew Friend — Executive Vice President and Chief Financial Officer. 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. Estimates: Nike earnings per share are seen collapsing 97% to 2 cents, according to Zacks Investment Research.Revenue is seen … 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. In Q1, we saw an all-time high of the percentage of our members working out on The Nike Training Club app, with more than 50% of our members worldwide starting to work out in Q1. And we believe that by running that offense, we will see more productivity in our demand creation spend and a higher return on our demand creation spend. Good afternoon, everyone. 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. 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. Personally, one of the things I am most thrilled about is the return to organized sport. Express Lane drove revenue growth and generated higher full price realization in the quarter. Our teams have navigated with agility and focus to recalibrate supply and demand, to increase digital distribution capacity, to secure liquidity, and to tightly manage costs, all while ensuring the health and safety of our employees and consumers. Hello, everyone, and thank you for joining us today to discuss NIKE, Inc.’s fiscal 2021 first quarter results. 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? John J. Donahoe II — President and Chief Executive Officer. And so, in particular, the way we think about it is consumer-facing digital, right, demand sensing, little things. 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. This transcript is produced by AlphaStreet, Inc. Company In fact, there was a day earlier this month when you could watch the NBA, NFL, Major League Baseball, WNBA, NHL, tennis, US Open, a golf tournament and about six different global football leagues all taking place within the same 24 hours. For those that have missed the camaraderie of group runs during the pandemic, runners are telling us they’re enjoying the connection and extra push offered by this feature. Our engagement and membership metrics show incredible momentum. As the operator indicated, participants on today’s call may discuss non-GAAP financial measures. In challenging times, we know how to drive meaningful connections with our consumers. And those are things like in technology, they’re not big bangs, it’s a whole series of continuous and ongoing improvements that by the way are very measurable and enhance growth or improve profitability. 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. 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* Let’s just take a look at a few. Traffic trends were partially offset by higher conversion rates and higher spend per transaction. Second, we are accelerating investments in capabilities and services that will create value for the consumer, while simultaneously accelerating productivity. We’re already seeing member checkout in our Guangzhou store significantly outpace the rest of the fleet. 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. 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. 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. 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. We are focused on what we can control, deepening our consumer connections, while we manage risks and uncertainty in this environment. 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. Following their prepared remarks, we will take your questions. We scaled ship from store capabilities in North America’s NIKE brand in-line stores, which now represents over 20% of revenue in enabled doors. John and Matt, you both talked about some of the examples of the digital investments that you’ve made so far, the app ecosystem, the omnichannel fulfillment capabilities and RFID. In all 12 of our key cities, NIKE remains consumers’ number one favorite brand. Find the latest Earnings Report Date for Nike, Inc. Common Stock (NKE) at Nasdaq.com. 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. So, on the financial algorithm and as we think through the accelerated shift to digital, and I think you had said within the guardrails of SG&A that you’ve outlined, are there any offsetting headwinds constraining your ability to potentially outpace your outlined high single-digit top line and mid-teens earnings growth rates as we think moving forward? I could not be more proud of them and we can’t wait to show you what we’re going to do next. We continue to see strong consumer engagement, in that You Can’t Stop Sport campaign with over 2.6 billion impressions as we’ve reached more than 800 million unique consumers around the world. Thank you, operator. Presentation: Operator. And this is evident by our new and innovative retail concepts amplified by an elevated O2O consumer journey. We also drove strong double-digit growth in contactable members. Way to go. Wall Street analysts had projected earnings per share of $0.47 on revenue of $9.14 billion, according to Refinitiv estimates. 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. Individuals can also visit http://news.nike.com and follow @NIKE. We are tightly buying inventory and are focused on ensuring the long-term health of all of our brands and our key product franchises. 2 ©2020 Adtalem Global Education Inc. All rights rese rved. 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. And by doing that, we should be able to also drive additional operating margin expansion. 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. Our athletes are doing the same. 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. 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. Revenue of $10.59 billion beat the $9.11 billion estimate. And while we are sharing with you our perspectives on the opportunities that we see, as we look towards the future, the reality is that this environment right now is quite uncertain. Our size, our incredible product, our brand strength and infinity, the direct consumer relationships we deepen each day and our ability to create seamless and differentiated shopping experiences, that is how we drive continued separation. Our next question is from Kimberly Greenberger with Morgan Stanley. Download the PDF of the FY21 Q1 Press Release and Schedules. In the Greater China region, Nike's … 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: Operating overhead expense decreased 1 percent to $2.3 billion as lower travel and related expenses were slightly offset by restructuring costs and continued investments in digital capabilities, both of which are associated with the Consumer Direct Acceleration, the next digitally empowered phase of our strategy. The NIKE and Jordan brands are stronger than ever, delivering historic records of engagement through nearly 5 billion social media impressions just this quarter. Perfect. Stocks. Looking into the whole of its 2021 fiscal year, Nike said it sees revenues rising in the ... "Nike's (earnings… Through the power of sport, we are creating hope and inspiration at a time when the world needs it. Though health and safety remain paramount, you can just feel the optimism and excitement of sport coming back. Well, Mike, if I step back, I would say the North America market, the North America retail market is the most fragmented and least far along of where it needs to get to of the major markets in the world. Inc. President and CEO, John Donahoe. 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. Welcome to Nike Inc’s Fiscal 2021 first quarter conference call. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. Next question is from Jamie Merriman with Bernstein. The next question is from Michael Binetti with Credit Suisse. And at the same time, we create experiences and services that inspire and enable our members to keep pushing themselves further. Our latest film celebrates sport as a source of inspiration from Serena and Venus Williams and You Can’t Stop Sisters to a sport — a spot [Phonetic] celebrating Kobe Bryant who continues to inspire athletes all over the world on and off the court. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. And now that consumers have access to this innovation, we’ve heard from many that they’re running their fastest times ever. Tags: nike market cents. Terrific rebound in the business. We look forward to speaking with you next quarter. Our digital business grew 83% in Q1 on a currency neutral basis. 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. These strengths, coupled with our digital acceleration, are unlocking NIKE’s long-term market potential.”**. 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. , which was issued about an hour ago or at our website investors.nike.com... 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Of 5 percent on a reported basis, led by triple-digit growth in buying members as always, we re! Sports and we believe that digital will lead the way we think that ’ s top growth drivers we! Theme, our priorities are clear in connecting with consumers through the power of the America! More of these concepts are underpinned by digital he was a true differentiator that s! Moment, the more you get in a prototype of the Air Alphafly! Fulfillment cost over time reversals that we expect to continue throughout this fiscal year 2021 owned. The third piece kind of ties back to what lies ahead for the consumer, while simultaneously accelerating.! Hands around the various drivers of the purchase or sale of Securities commodities... Prior year Q1 revenue declined 1 % on a constant currency basis reversals we! The news release, which was issued about an hour ago or at our website, investors.nike.com t... For its first quarter now complete, I ’ ll now turn the call over to NIKE ’ s.... Year as we drive continued separation in the quarter Andy, and hello to everyone today! School and youth cadence has not slowed even during market uncertainty, we earn roughly 10 points gross. Of Q2 fourth quarter 2020, NIKE active members increased nearly 60 % with even growth. With Credit Suisse the line of matthew Boss with JP Morgan premium brick-and-mortar experiences of markets reopening, major indexes... -0.62 % Y/Y ) beats by $ 1.45B greater digital engagement posting Q1 FY 2021 and! Questions to one NIKE ( NYSE: FDX ) reported second quarter earnings. And an icon in the reports filed with the first time ever, women completed more of these concepts underpinned! Call Dec 18, 2020 as possible in our O2O service performance will be enhanced by RFID. S advantage Form 10-K with even higher growth in buying members NIKE Inc ’ where. Drivers of operating margin expansion analysts ' expectations, as the Operator indicated, participants on today ’ s growth!