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Nike Inc (NKE) Q2 2020 Earnings Call Transcript NKE earnings call for the period ending December 20, 2019. Nike comfortably beat analysts' estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9 percent. Download All. Nike shares rise as pandemic fuels sneaker maker's online growth, annual revenue outlook gets a boost Published Fri, Dec 18 2020 4:25 PM EST Updated Fri, Dec 18 2020 … “Our strong start to FY20 highlighted the depth and balance of NIKE’s complete offense,” said Mark Parker, Chairman, President and CEO, NIKE, Inc. “NIKE’s strong product innovation, combined with our industry-leading digital experiences, continue to deepen our consumer relationships around the world.”**. BEAVERTON, Ore., Mar. During the first quarter, NIKE, Inc. repurchased 11.9 million shares for approximately $995 million as part of the four-year, $15 billion program approved by the Board of Directors in June 2018. Nike said its inventories as of May 31 amounted to $7.4 billion, up 31% from a year ago. The stock is up about 22% from a year ago. This company embraced the coronavirus economy and now it is hiring workers, How shrinking American mall will impact local tax revenue. About 85% are open again in North America. Total revenue was down 38% to $6.31 billion from $10.18 billion a year ago. It said it will open about 150 such locations globally. View the latest NKE financial statements, income statements and financial ratios. Total revenue was down 38% to $6.31 billion from $10.18 billion a year ago. Nike has just announced its 2020 fourth-quarter financial earnings, which highlight a 38 percent drop in revenue amid the ongoing coronavirus pandemic. Sales in North America were down 46% . Nike is valued at $157.7 billion. Sales in North America were down 46%, while sales in China were down just 3%, with many of Nike's stores in that region reopening sooner during the pandemic than in the U.S. Nike Rakes in $11.2 Billion USD in Revenue for Second Quarter of Fiscal 2021: The Beaverton-based imprint saw global revenue growth and is up 9% from its second quarter last year. MAIL. The global health crisis has pushed … Download the PDF of the FY20 Q1 Press Release and Schedules. Read the full press release from Nike here. MORE. The top-line also exceeded the forecast. While Nike is still the industry leader in terms of sales, Adidas is the most profitable, with a gross profit margin close to 52.08%, compared to 44.70% for Nike. Company. A Division of NBCUniversal. Experts Say Nike Could Lose $3.5 Billion USD in Q4 2020 Revenue Due to COVID-19: Coronavirus has lead to all its U.S. stores shutting. Friend said Nike expects digital sales to account for 50% of its revenue in the near future. Amount NIKE is reportedly paying Kobe Bryant for his shoe deal: $8 million per year. 18.12.2020 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. NIKE, Inc. revenue grew 9% in Q2, up 7% on a currency-neutral basis as NIKE Direct grew 30% led by strong NIKE Digital growth of 80% and partially offset by declines in our wholesale business. Revenue increased to $10.3 billion in the second quarter, up 10 percent on a reported basis and up 13 percent on a currency-neutral basis*, driven by strong growth across all geographies. Shares of the world's largest sportswear maker were up 4.5% in trading after the bell. Nike expects to double its sales at Jordan, bringing in about $4.5 billion in revenues by 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenues for the NIKE Brand were $10.1 billion, up 10 percent on a currency-neutral basis driven by growth across NIKE Direct and wholesale, key categories including Sportswear and the Jordan Brand, and continued growth across footwear and apparel. Nike Inc. Cl B Annual stock financials by MarketWatch. Revenues for NIKE, Inc. increased 7 percent to $10.7 billion, up 10 percent on a currency- neutral basis. Nike’s revenue had grown steadily over years from 2000 to 2017. Nike Revenues is increasing over the years with slightly volatile fluctuation. NIKE, Inc. Bricks-and-mortar retail traffic remains below prior-year levels, he said. The Portland, Oregon-based sneaker maker on Thursday reported an unexpected quarterly net loss and a sales decline of 38% year-over-year, as its business was hurt from its stores being shut temporarily, and online revenue was not enough to make up for that. After a decline in 2010 from the previous year, the revenue of Nike rose again in 2011 and the trend has continued since then. Nike delivers innovative products, experiences and services to inspire athletes. Nike said product shipments to wholesale customers were down nearly 50% during the quarter. Revenue up 12% . In 2020, Nike's North American revenue amounted to about 14.48 billion U.S. dollars. Analysts polled by anticipated EPS of $0.6185 on revenue of $10.55B. Read more • Revenues for NIKE, Inc. fell 4 percent to $37.4 billion, down 2 percent on a currency-neutral basis due to the impact of COVID-19 on business operations, primarily in the fourth quarter. Its 2020 global brand value is a $2 billion increase from its worth in 2019. But Donahoe said revenue should be flat-to-up compared with the prior year. Jordan. Here's how Nike did during its fiscal fourth quarter: Nike reported a loss of $790 million, or 51 cents per share, during the period ended May 31, compared with net income of $989 million, or earnings of 62 cents a share, a year ago. Now, the company said it is targeting its e-commerce sales accounting for 50% of overall sales "in the foreseeable future.". For the Nike brand, footwear sales fell 35%, apparel was down 42% and equipment revenue tumbled 53%, as sports and many recreational activities have largely been put on hold due to the Covid-19 crisis. Individuals can also visit http://news.nike.com and follow @NIKE. NIKE total number of employees in 2020 was 75,400, a 1.69% decline from 2019.; NIKE total number of employees in 2019 was 76,700, a 4.92% increase from 2018.; NIKE total number of employees in 2018 was 73,100, a 1.75% decline from 2017.; NIKE total number of employees in 2017 was 74,400, a 5.23% increase from 2016. Der US-amerikanische Konzern ist der führende Sportartikelhersteller weltweit. As of Thursday's market close, Nike shares are down less than 1% this year. In China, almost all of its owned stores are reopened. Nike Earnings. Im Geschäftsjahr 2016/2017 war Nike besonders profitabel und erzielte mit rund 4,2 Milliarden US-Dollar den höchsten Gewinn in den letzten knapp zwanzig Jahren. Footwear sales accounted for $24 billion of its 2020 revenue. In 2020, revenue generated in North America accounted for 41 percent of Nike's total revenues. Diluted earnings per share for the quarter was $0.86, an increase of 28 percent driven primarily by strong revenue growth and gross margin expansion. Interactive chart of NIKE (NKE) annual worldwide employee count from 2006 to 2020. However, impact from the coronavirus pandemic makes it difficult to compare the company's results to analysts' estimates. © 2020 CNBC LLC. ** The marked paragraph contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. In NIKE’s investor call for Q4 ending May 31, 2020, John J. Donahoe, president and CEO NIKE Inc. and Matthew Friend, executive vice president … Even Nike, often lauded as one of the strongest global brands in the retail industry, is taking a hit from the coronavirus pandemic. 2016-02 Leases (Topic 842) in the first quarter. March 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. In the first half of fiscal 2020, prior to COVID-19, NIKE, Inc. revenue was up 9 percent, or 11 Nike Net Worth in 2020. Get this delivered to your inbox, and more info about our products and services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. As of 2020, Nike’s net worth is valued at about $34.8 billion. Nike Earnings, Revenue Beat in Q2 By Yasin Nike (NYSE:NKE) reported on Friday second-quarter results that beat analysts' forecasts, underpinned by strong growth in China. Q1 Revenue Outlook . LIFE. This timeline depicts Nike's revenue worldwide from 2005 to 2020. As of Thursday, Nike said roughly 90% of its owned stores are back open globally. In 2020, Nike's global revenue amounted to about 37.4 billion U.S. dollars. Nike Revenue Per Employee is decreasing over the years with stable fluctuation. Nike, Inc., founded in January 1964, is a sportswear and equipment supplier based in the United States. Nike said revenue rose to $11.24 billion in the second quarter ended Nov. 30 from $10.33 billion a year earlier, while analysts on average had expected $10.56 billion, according to IBES data from Refinitiv. The company said the increase was due, in part, to it shipping less merchandise to its wholesale partners because of the pandemic. NIKE annual net income for 2020 was $2.539B, a 36.98% decline from 2019. During a call with analysts, he went on to explain that Nike will make its online business more "central" to everything the company does, and that Nike will invest in opening additional smaller-format stores that are meant for customers to do things such as pick up their online orders. The global health crisis has … Nike delivers innovative products, experiences and services to inspire athletes. Watchlists . Digital sales soared 75%, representing about 30% of total revenue, as shoppers flocked to Nike's website for sneakers and workout gear. Nike CEO John Donahoe announced in a company-wide email on Thursday that the brand will soon be "forced to make some difficult choices" that will "likely result in a net reduction of jobs.". ENTERTAINMENT. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. NIKE revenue for the quarter ending August 31, 2020 was $10.594B, a 0.62% decline year-over-year. Demand creation expense was $1.0 billion, up 6 percent primarily driven by higher advertising expenses and sports marketing investments. Nike's revenue slipped 0.6% to $10.59 billion from $10.66 billion a year earlier, but topped the $9.15 billion forecast by analysts. Nike Quarterly Revenue Beats Estimates, Shares Rise By Reuters , Wire Service Content Dec. 18, 2020 By Reuters , Wire Service Content Dec. 18, 2020, at 4:23 p.m. Analysts were calling for the company to report earnings of 7 cents per share on revenue of $7.32 billion, according to Refinitiv data. https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html In connection with the adoption, the Company’s balance sheet as of August 31, 2019 reflects the addition of operating lease right-of-use assets and operating lease liabilities. Ongoing Revenue Per Employee is projected to grow to about 553.9 K this year. NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019. Nike said revenue rose to US$11.24 billion in the second quarter ended Nov. 30 from US$10.33 billion a year earlier, while analysts on average had … BEAVERTON, Ore., Sept. 24, 2019 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019. SPORT. Budget 2020 . According to CEO Donahoe, Nike's digital business is up triple digits, so far, in June. Selling and administrative expense increased 9 percent to $3.3 billion. SUPPLEMENTAL NIKE BRAND REVENUE DETAILS (Unaudited) % Change Excluding Currency Changes 1 TWELVE MONTHS ENDED % Change (Dollars in millions) 5/31/2020… • Revenues for NIKE, Inc. fell 4 percent to $37.4 billion, down 2 percent on a currency-neutral basis due to the impact of COVID-19 on business operations, primarily in the fourth quarter. BEAVERTON, Ore., Sept. 24, 2019 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019. NIKE annual net income for 2019 was $4.029B, a 108.43% increase from 2018. Related: NIKE Q1 2020 … Sign up for free newsletters and get more CNBC delivered to your inbox. NIKE, INC. : Forcasts, revenue, earnings, analysts expectations, ratios for NIKE, INC. Stock | NKE | 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. Share Buyback. Amount NIKE is reportedly paying LeBron James annually from his recent lifetime shoe deal: $30 million per year. "Consumers want modern, seamless experiences, online-to-offline, so we're accelerating our approach," Donahoe said on the call. Nike said revenue rose to $11.24 billion in the second quarter ended Nov. 30 from $10.33 billion a year earlier, while analysts on average had expected $10.56 billion, according to IBES data from Refinitiv. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company reported a profit of $1.25 billion, or 78 cents per share, up from $1.12 billion, or 70 cents per share, a year earlier. Revenue climbed 5% during the quarter ended Feb. 29, to $10.1 billion from $9.6 billion a year ago. As of August 31, 2019, a total of 23.5 million shares had been repurchased under this program for approximately $2.0 billion. This timeline shows Nike's revenue worldwide from 2009 to 2020, by region. NIKE net income for the quarter ending August 31, 2020 was $1.518B , a 11.05% increase year-over-year. Nike Quarterly Revenue Beats Estimates, Shares Rise By Reuters , Wire Service Content Dec. 18, 2020 By Reuters , Wire Service Content Dec. 18, 2020, at 4:23 p.m. "We are continuing to invest in our biggest opportunities, including a more connected digital marketplace," Chief Executive John Donahoe said in a statement. The effective tax rate was 12.4 percent, compared to 14 percent for the same period last year, primarily due to discrete items which favorably impacted the quarter. But that timeline was accelerated rapidly because of the pandemic. In 2020, Nike's global revenue amounted to about 37.4 billion U.S. dollars. Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. After adjusting for the charge, Nike topped analysts estimates of 59 cents a share. Revenue increased to $10.7 billion in the first quarter, up 7 percent on a reported basis and up 10 percent on a currency-neutral basis*, driven by growth across all geographies. Nike revenue decreased from $39.1 billion in 2019 to $37.4 billion in 2020, a (4.4%) decrease. Nike reported an unexpected quarterly net loss and a sales decline of 38% year-over-year. 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 1, 2019. 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