These financial results offer clear evidence of a faster marketplace recovery for NIKE, fueled by consumer demand for all our brands. New innovation platforms equated to over 100% of our incremental growth in Q1. 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. The growth in Q1 was slightly impacted again by some year-over-year comparisons not just in the jersey business but also the timing of innovation launches in Footwear, and then again, with that kind of extended back-to-school season spanning over Q1 and into our Q2, which begins in September. There are a few elements that are important for me to highlight here. I say my prayers every night and hope so. 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? That would be a pretty significant expansion in our operating margin. Edited earnings call transcripts of NIKE, Inc. (NKE) stock. It seems like a lot of good things are coming together. So, the challenge or the opportunity is to focus on the things that matter the most. I'll touch on this more specifically in our guidance. We now expect to deliver full year gross margin expansion within the 50 to 75 basis point range. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Can we think about when DTC -- kind of the time horizon looking out when the DTC starts to become a material mover for the overall North American market or you get to a point where you're happy with the kind of the wholesale footprint? It continues to add energy to the brand as well as help to drive our business in China. Really appreciate that color. That was primarily driven by strong consumer demand. 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. First, strategic transformation is driving our broad-based global growth. Let me briefly touch on each of these four themes. And I should mention, I failed to mention one of our biggest, most successful partners here [Phonetic] is in China, and that's with Tmall, so a tremendous relationship there. Now turning to our outlook, we see continued momentum going forward. 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. And then, I guess, as a follow-up. Your next question is from Paul Trussell with Deutsche Bank. Nike shares were up about 5% during the after-hours. With that, I'll now turn the call over to Matt. All in all, from the cultural residents of our brand to our expansion of what sport can mean, Q1 was a quarter that showed our relentless focus on deepening connections with our consumers matters. The consumer today is digitally grounded and simply will not revert back. Thanks for your cooperation on this. Despite the … The NIKE One collection is a great example of our edit-to-amplify approach that will stretch to other categories, putting more focus on our most profitable items across price points and distribution channels. Benjamin Rains. Thank you, Mark, and hello to everyone on the call. ET. NIKE last released its earnings data on September 22nd, 2020. 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. Second, our brand continues to deeply connect. Andy Muir - VP, IR. Welcome to NIKE, Inc.’s Fiscal 2021 Second Quarter Conference Call. 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 … In relation to tariffs, we've been clear that we strongly believe in the Power of free and fair trade. 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? Certainly the renminbi is at the top of the list in that regard of late. But yeah, so it starts with where John was in his prepared remarks. Tariffs will impact Q2 through Q4. Your line is open. The impact of tariffs will be most pronounced in Q2. But we're hopeful those are more transient impacts and that as we go forward and we get more certainty with respect to trade and some resolution that maybe we see things turn from a headwind into a tailwind. In addition, participants may discuss non-GAAP financial measures, including references to constant dollar revenue. Way to go. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. Good afternoon, everyone. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. No. I would add, you know, we talked about Adapt. ET. And finally, we will manage digital transformation within our SG&A guardrails. For the quarter, the Light Support Indy Bra led the way and our NIKE One Tight is creating incredible demand, especially in NIKE Direct and strategic retail partner doors. One, the strategic transformation of NIKE continues to be the fuel for accelerating broad-based growth across our global portfolio. Our last question is from Jim Duffy with Stifel, Nicolaus & Co. The impact of digital in China has been nothing short of extraordinary. The number in Q1 does compare unfavorably to some prior-year comps. Nike (NKE) Q1 2020 Earnings Preview: North America, China and More ... Our Key Company Metric estimates call for the sportswear firm’s North American revenue to … As I reflect on the first quarter, there are three key strategic and financial themes that stand out. Finally, as we cut purchase orders to recalibrate supply and demand in North America during the first half of fiscal '21, we shifted product allocations to fuel higher demand in NIKE digital and our smaller group of strategic wholesale partners. This is the first quarter since the start of the pandemic, where our retail was essentially opened. Our engagement and membership metrics show incredible momentum. Jordan followed up that record-breaking year with a quarter of healthy double-digit growth in all geographies, including mid-teens growth in North America. And, obviously, that was a substantial improvement versus the results we had in the fourth quarter, really reflecting the strength of NIKE's market recovery. Market data powered by FactSet and Web Financial Group. And in Q1, for the first time ever, women completed more of these runs than men. So we would appreciate you limiting your initial questions to one. In Q2, we expect SG&A growth in the high-single digit range. Kimberly Greenberger -- Morgan Stanley -- Analyst. Eliud Kipchoge broke the two-hour barrier in a prototype of the Air Zoom Alphafly NEXT%. (RTTNews) - Nike Inc. (NKE) will host a conference call at 5:00 PM ET on Sept. 22, 2020, to discuss Q1 21 earnings results. That includes the successful launch of joyride and strong sustained consumer demand for recently launched platforms from React to the range of compelling new Air Max platforms launched over the past two years such as VaporMax, 270, 720, and 200. 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. Andy Muir — Vice President of Investor Relations. With services, we're bringing real value to our member's lives consistently. NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results. Terrific rebound in the business. In China specifically, we continue to extend Nike's lead. This incorporates our improved currency-neutral outlook being largely offset by the more intense FX headwinds of late associated with trade dynamics. The company has a market cap of $182.5 billion. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. 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. Membership sits at the heart of that strategy giving consumers a more personal relationship with NIKE. For example, we're seeing almost 200% growth in demand for our Nike commerce app, with triple-digit growth in monthly active users. Let's conquer your financial goals together...faster. Matt Friend -- CFO, Operating Segments and Vice President, Investor Relations. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. The NIKE and Jordan brands are stronger than ever, delivering historic records of engagement through nearly 5 billion social media impressions just this quarter. BEAVERTON, Ore., Mar. 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. So we are thrilled that our operational performance just continues to be so strong that it's offsetting that. As you may recall, last year in Q1, Apparel in North America grew 8%, and that was in part impacted by the jersey business relative to the NBA. In any environment, Nike's foundation for success has always been great product. Since launching our Consumer Direct Offense two-years ago, our currency-neutral performance has exceeded our long-term financial model, in terms of growth, profitability, and returns on invested capital, and we see that momentum continuing over the balance of fiscal year '20. We are extremely pleased with our brand momentum and the strong currency-neutral growth we've delivered since implementing our new offense two years ago. 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. For the full year, we now expect gross margin to be flat versus prior year, including 40 basis points of foreign exchange headwinds. We talked about Apparel, we talked about Women's, digital, international is examples. With product, there are multiple advantages to being a logged-in member. We've created a runway hit by blending Air Max and React with multiple bold color waves. Nike Fit will include both the powered adaptive systems as well as non-powered hands-free systems, and that's incredibly exciting as we bring innovation to more -- make innovation more accessible to more people. 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. Act 0.52 Est 0.458 Q2 2019 Nike Inc Earnings Call 12/20/2018 05:00 PM (EST) NKE. Retail sales in the China marketplace are accelerating with an increasing proportion of full price sales. The NIKE app and SNKRS app are now both live in over 20 countries, with more expansion coming over the balance of fiscal year '20. Bye-bye. We're also connecting through our purpose and values as our brand continues to be culturally embedded throughout the world of sport and beyond. So, we got over a 1 billion units at 99.99% readability, which enables us to see our inventory now across all of our factory stores. And as Mark has said, when it comes to growth, at NIKE, it all starts with product. Nike (NKE) delivered earnings and revenue surprises of 97.92% and 15.49%, respectively, for the quarter ended August 2020. We continue to sort of analyze that relationship and the other opportunities we have from a partnership standpoint. 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. Revenues rose 5 … And we believe that will continue to -- that will be a driver as well of continued gross margin expansion. With Nike's unrivalled scale and resources we will continue to capitalize on opportunities such as these to invest and extend our leadership and competitive advantage. 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. So, I think all of us view this as a real opportunity. And last but not least, our sustainable footwear platform known as Space Hippie saw amazing sell-through in our highest heat innovation launch ever. And as of August 31st, inventories were up 12%, reflecting strong forward-looking consumer demand globally and also in support of key consumer moments such as back-to-school, which has extended into September this year, and looking ahead to Singles Day on 11/11 in Greater China. 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. 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. A couple of questions for me on the gross margin. Oh, thank you. In all 12 of our key cities, NIKE remains consumers' number one favorite brand. 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. More importantly, Nike’s fiscal 2020 earnings are projected to climb 16.5%. And so that's how we're looking at the first half of the year. Some forward-looking statements may concern expectations of future revenue growth or gross margin. And in particular, I'm focused on how we will leverage consumer data and insights in our digital ecosystem to understand and serve consumers better and ultimately increase our competitive advantage. Our gross margin outlook will continue to be a function of prioritizing a return to normalized inventory levels by the end of Q2. Yeah, let me touch on the second question you had on digital partnerships. With our breadth and depth, no one has the advantage in this space that NIKE has to directly connect with consumers. Sustainability will continue to be a key aspect of our innovation agenda going forward. John Donahoe - President and CEO. Second, women's outperformance versus men's and a growing Jordan brand. In fact, we can thrive in this environment, thanks to our digital advantage and the full breadth of our global portfolio. Our belief in innovation is embedded in everything we do. We're also reimagining and clearly segmenting our top Sportswear franchises like the Air Force 1 and Tech Fleece. Before I turn the call over to Mr. As I've said before, the NIKE app is the most comprehensive, one-stop shop for NIKE. Nike jumped as much as 12% on Wednesday after the sportswear giant trounced expectations for fiscal first-quarter earnings and sales. Our execution of the Consumer Direct Offense will continue to fuel growth across our portfolio of key categories, key cities and key countries, as well as accelerate our growth against the outsized long-term opportunities that we see in Women's, Apparel, Digital, and International. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Nike … Just help us get our hands around the various drivers of the gross margin this quarter. 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. Our stronger than projected overall growth reflects healthy, balanced growth across all four of our geographies led by NIKE Digital globally and Greater China. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. North America is the marketplace where the most reshaping and transformation is required and frankly is under way. At NIKE, innovation is a systemic approach and it's how we extend our lead. And as more consumers returned to our stores, we saw impressive conversion in store, even as our digital business accelerated even further. Now, we know this is a multi-year journey and we have a bright future and lots of opportunity, but in many ways, we're just getting started. We see continued strong digital momentum in Europe, with the NIKE App having just launched in 13 new countries across this geography. 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. This is significant for us as it speaks to the increasing consumer adoption of our apps. Zacks Equity Research Zacks Published. 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. Andy Muir - Vice President, IR. 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. I could not be more proud of them and we can't wait to show you what we're going to do next. Sportswear continues to lead all categories in both Footwear and Apparel, growing strong double-digits. Our targeted investments are extending our competitive advantage. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. This brings me to my final theme, our consumer-led digital transformation is clearly a catalyst for long-term revenue and earnings growth. 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. This quarter, we were incredibly excited to announce that Zion joined the Jordan family. Thanks very much. Andy Campion -- Executive Vice President and Chief Financial Officer. And now that consumers have access to this innovation, we've heard from many that they're running their fastest times ever. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. Thank you, operator. Our teams continue to be very active in this space. In this moment, the pandemic has allowed us to accelerate where and how we will invest. We believe we're extending the NIKE Brand's leadership in China by remaining authentically focused on serving the Chinese consumer while fueling their passion for sport and a broader movement toward a more active lifestyle. 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. In Running, we launched Joyride, which was designed to encourage more everyday athletes to get moving. 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