I'll start on North America Apparel. Thanks for the question. There was also a little bit of an impact from foreign exchange in that inventory number. Act 0.52 Est 0.458 Q2 2019 Nike Inc Earnings Call 12/20/2018 05:00 PM (EST) NKE. It's really critical that our platform partners are actually serving our members or serving our consumers at the highest level possible so that means sort of seamless interaction, frictionless experiences in terms of commerce, looking at an environment where they know that they're buying authentic NIKE product, and ultimately just to better know and serve our consumers. With that, we'll now open up the call for questions. We start in our own channels and then amplify those experiences through partnerships. Sportswear continues to lead all categories in both Footwear and Apparel, growing strong double-digits. And so, we're simply accelerating that transition. More importantly, Nike’s fiscal 2020 earnings are projected to climb 16.5%. We will achieve this level of service at a lower fulfillment cost over time. And while we are sharing with you our perspectives on the opportunities that we see, as we look toward the future, the reality is that this environment right now is quite uncertain. During the all NIKE final, we also debuted our top football boot innovation, the McCurial 2019. There are three key themes that really stand out when we reflect on Q1. 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. Decreased earnings at Nova Scotia Power Inc. (“NSPI”) due to the impacts of COVID-19 on sales volumes, unfavourable weather in Q1 2020, a corporate … Let's go a bit deeper on these three themes. The timing of our hedges over the course of the year as well as the timing, which is kind of a backward looking timing aspect in terms of when we lock-in product cost. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. We can navigate. This transcript is provided by NIKE, Inc. only for reference purposes. And again, our international geographies are higher margin geographies than North America, and our Nike Direct business is a higher-margin business than the wholesale business. BEAVERTON, Ore., Mar. 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. And now that consumers have access to this innovation, we've heard from many that they're running their fastest times ever. I will first walk you through some of the impacts or drivers, as you said, in terms of the spread versus our guidance. 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? Your line is open. New innovation platforms equated to over 100% of our incremental growth in Q1. Yeah, I want to put an exclamation point on that. 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. And we're continuing to execute on the incredible opportunity we see in women's apparel. And at the same time, we create experiences and services that inspire and enable our members to keep pushing themselves further. 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. Nike is … 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. In Q1, we launched Nike (M), NIKE's first dedicated maternity collection. I think many of the drivers you mentioned and some others are long-term drivers of expansion and margin. As I mentioned, our innovation pipeline and cadence has not slowed even during this uncertain environment. Hello, everyone, and thank you for joining us today to discuss Nike, Inc.' fiscal 2020 first quarter results. As you look at North America, John, as you've gotten into the business and had a chance to kind of think about the different regions, the sales growth in North America has been very strong for a couple of years gathering few billion dollars over the last few years, but the margins have been fairly stagnant there, despite the brand being very strong, obviously, gaining momentum. So, I think the easiest way for me to say it is, FX will be about 3 points negative headwind on revenue, as I spoke about in my guidance. In fact, very low. During the quarter, the company repurchased 10.1 million shares for around $922 million As of November 2019, a total of 33.6 million … And so, we're continuing to focus on the strategy and the shift because we think it's the right thing to do long-term, and that's where our focus and attention is going to be at this time. Yeah, the way I would think about FX in fiscal year '20 is, we came into the year expecting FX to be sort of neutral to slightly favorable. Again, I always fixate on Complete Offense, and it's one of those areas where you go no matter how well we're doing across every -- across all of those dimensions, we see more opportunity, areas where we have, we are under-penetrated, where we have, what we call, outsized opportunities. We're taking share, and our brand is just incredibly strong in all of our key cities in Europe. The global shift toward more active lifestyles continues to accelerate, and demand for athletic product is high. Temporary store closures decimated Nike's sales and earnings in the company's fiscal fourth quarter ended May 31, 2020. Third, I continue to be excited by the opportunity I see for NIKE in digital. Act 0.52 Est 0.458 Q2 2019 Nike Inc Earnings Call 12/20/2018 05:00 PM (EST) NKE. All-in-all, Bob, that just nets to about a flat versus prior year. And again, remember that our Q1 gross margin expansion was amplified by timing shifts and other discrete items. Nike Inc Q3 2020 Earnings Call Mar 24, 2020, 5:00 p.m. In your own question, you touched on a huge opportunity. NIKE entered the pandemic with unparalleled brand and business momentum. And as we drive continued separation in the market through connected, seamless and modern consumer experiences, we will fuel growth and profitability. A critical component to accelerating all of our opportunities is our ability to become smarter through our supply chain, and to do that, we're bringing science to the art of retail like never before. Sportswear giant Nike (NYSE: NKE) surpassed consensus earnings and revenue in the first quarter of 2020. See you at the top! We expect our effective tax rate to be in the mid-teens range, and for OI&E, we expect income in Q2 to be roughly $10 million to $30 million. I think we're actually a lot smarter about how we not only where we invest in terms of new product innovation, but as I said, we better leverage that innovation across multiple categories and then up and down the price point spectrum across genders. Friend, let me remind you that participants on this call will make forward-looking statements, based on current expectations and those statements are subject to certain risks and uncertainties that could cause actual results to differ materially. Hey, Matt. And looking ahead, we are pulling forward the launch of the NIKE App in Greater China into late Q2. Act 0.67 Est 0.624 Q1 2019 Nike Inc Earnings Call 09/25/2018 05:00 PM (EDT) NKE. [Speech Overlap] Operator, we have time for one more question. As always, it starts with product innovation. News; Products. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. 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. Our engagement and membership metrics show incredible momentum. Our teams are designing for modesty to match more people's preferences and our FlyEase system has been updated for easier entry and exit to appeal to even more people. We are focused on what we can control, deepening our consumer connections, while we manage risks and uncertainty in this environment. 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. But even in our foundational business, I think we've got tremendous upside ahead in terms of core. Nike (NYSE: NKE) posted a 310.74% decrease in earnings from Q4. In China specifically, we continue to extend Nike's lead. Earnings Trends. This is just one reflection of how digitally enabled our future of retail is and how membership is a critical differentiator. And just last month, we acquired a new predictive analytics platform and team of data scientists through our acquisition of Celect. In fact, the 270 Air Max React led to the largest gains in Footwear revenue for the quarter. With product, there are multiple advantages to being a logged-in member. Striking that right balance across the complete portfolio or the Complete Offense, as we call it, is a never-ending challenge for us, or opportunity, let me put it that way. It'll be a slightly negative impact on margin over the course of the full fiscal year, and it's now shifted to a slightly negative impact from an EBIT perspective. I'd say that was most pronounced in Europe. Is it more efficient fulfillment of orders or scale, any of those? Our last question comes from the line of Matthew Boss with JP Morgan. Our effective tax rate for the quarter was 12.4%, which would have been largely in line with guidance but for favorable non-recurring items. And finally, we will manage digital transformation within our SG&A guardrails. Leading today's call is Andy Muir, VP, Investor Relations. 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? Just curious if there's a way that you could maybe rank for us your excitement or how you think about the platforms and new areas of innovation that will drive these strong high-single digit revenue gains over the balance of the year as we think about Joyride and Air Max now moving to 200, what you're doing in Women's, just any color on that would be helpful. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. Returns as of 12/20/2020. Welcome to NIKE, Inc.'s Fiscal 2021 First Quarter Conference Call. And you go shoot baskets in the driveway. These advantages allow us to stay aggressive, and it's why I believe that no company is better positioned to emerge from this period than NIKE. Revenue is expected to grow at a slow pace after falling amid COVID-19 shock. As you may recall from our call 90 days ago, we highlighted that we were going to have some year-over-year comparison dynamics in North America, so I'd start by saying we're right on plan in North America. While products are usually the first to grab the attention of our consumers, we deepen those relationships through the power of digital. 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. At the same time, we see a great opportunity ahead, even greater than we've capitalized on to date. I just love the Venus and Serena spot, it just celebrates the power sport has in connecting with consumers. Nike (NYSE:NKE) announces its next round of earnings this Friday, December 18. This incorporates our improved currency-neutral outlook being largely offset by the more intense FX headwinds of late associated with trade dynamics. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020.. The third key theme as we reflect on Q1 relates to the environment in which we're operating. We now expect reported revenue to be roughly flat versus prior year in the first half of fiscal '21. I'll now turn the call over to NIKE. And first thing I'd just add is to just congratulate the commissioners of the major sports leagues who have just done a fabulous job of bringing sport back safely, safely for the players and coaches and then providing what are unprecedented viewership opportunities. Jordan has also continued to excite the consumer with locally relevant product, like the AJ XXXIV, Rui Hachimura, which was Japan's best-selling basketball launch ever. 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