NIKE, Inc. (NYSE: NKE) plans to release its second quarter fiscal 2020 financial results on Thursday, December 19, 2019, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. Second quarter reported revenues were $11.2 billion, up 9 percent compared to prior year and up 7 percent on a currency-neutral basis* driven by growth across all geographies, led by Greater China reported revenue growth of 24 percent The company’s earnings and revenue topped expectations due to growth in the digital business. Our second quarter revenue performance was impacted by strong NIKE Brand digital growth of 84 percent, offset by lower revenue in our wholesale business and NIKE-owned stores. Business; Nike (NKE) Reports Second Quarter Fiscal 2021 Results and Revenue NIKE Inc. (NKE Quick Quote NKE - Free Report) is slated to release second-quarter fiscal 2021 results on Dec 18. BEAVERTON, Ore.--(BUSINESS WIRE)-- Revenues for the NIKE Brand were $10.7 billion, an increase of 8 percent to prior year on a currency-neutral basis driven by strong double-digit growth in NIKE Direct, as well as growth in Sportswear and the Jordan Brand, slightly offset by mid single-digit declines in our wholesale business. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. Weighted average common shares outstanding: Prepaid expenses and other current assets, Current portion of operating lease liabilities, Deferred income taxes and other liabilities, TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY. Returns as of 12/19/2020. View source version on businesswire.com: During its FY20 fourth quarter, NIKE, Inc. temporarily suspended share repurchase activity in March to maximize liquidity during the COVID-19 pandemic. NIKE Inc. NKE is slated to release second-quarter fiscal 2021 results on Dec 18. 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. Analysts are expecting Nike to report second-quarter earnings per share of 62 cents on revenue of $10.54 billion, up 2.1% from a year ago. Nike's fiscal second-quarter earnings unexpectedly rose as the pandemic delivered another huge boost to its digital sales.Nike stock rose late. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/20). Nike Receives Christmas Boost on Fiscal 2nd-Quarter Earnings Beat. Revenue increased to $10.3 billion in the second quarter… In the final minutes of trading on Friday, shares hit $140.04, an increase of 39% in the last 12 months. “With healthy inventory positions across all geographies, our return to growth is a testament to our digital strength, as well as our disciplined marketplace and financial management,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. “As we look ahead, we are focused on moving even faster against our strategic vision of Consumer Direct Acceleration and fueling sustainable, long-term growth and profitability.”**. 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 … Total NIKE Brand EBIT and Total NIKE, Inc. EBIT are considered non-GAAP financial measures and are being provided as management believes this additional information should be considered when assessing the Company’s underlying business performance and trends. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. We continue to experience year-over-year declines in physical retail traffic in North America, EMEA and APLA due to COVID-19 impacts and safety-related measures, partially offset by higher conversion rates. BEAVERTON, Ore., June 25, 2020 - NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020. Additionally, lower marketing expenses during sporting events boosted overall results. For the three and six months ended November 30, 2020, Corporate included non-recurring employee termination and related costs associated with the previously announced leadership and operating model changes. Revenues for Converse were $476 million, down 4 percent on a currency-neutral basis, as double-digit growth in digital and growth in Asia were more than offset by declines in Europe and North America primarily due to tighter supply and strategic distribution shifts. Operating overhead expense increased 4 percent to $2.5 billion primarily due to approximately $135 million of restructuring-related costs and continued investments in digital capabilities to support the Consumer Direct Acceleration strategy. earnings. 20 mins Nike (NKE) 2nd Quarter Earnings: What to Expect Nasdaq . Additionally, lower marketing expenses during sporting events boosted overall results. Nike's fiscal second-quarter earnings and sales topped analysts' expectations, as the sneaker maker reported strong digital growth. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. The leading sports apparel retailer … Andy Muir During the quarter, we experienced temporary door closures in geographies affected by rising COVID-19 cases; however, more than 90% of our owned stores are open today, with some operating on reduced hours. Company accelerates growth in digital sales and Greater China sales. 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, January 8, 2021. Net income rose to $1.12 billion, or 70 cents a share, in the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a year ago. X Nike Earnings. “NIKE’s strong results during a dynamic environment show the power of staying on the offense,” said John Donahoe, President and CEO, NIKE, Inc. “Fueled by compelling innovative product and global brand momentum, we continue to extend our leadership. NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. Nike’s second-quarter results delivered a 9% increase over last year. Second quarter reported revenues … Shares of Nike (NKE) remain one of the better-performing names within the retail sector, rising 35% over the past six month, despite the economic devastations the pandemic has inflicted upon consumers. Nike stock has been on a tear in 2020—and the athletic giant’s upcoming fiscal second-quarter earnings, due out Friday afternoon, will be its next chance to … 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 … Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Analysts were calling for the company to report earnings of 7 … NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. 2 Global Brand Divisions revenues include NIKE Brand licensing revenues as well as other miscellaneous revenues that are not part of a geographic operating segment. Nike Inc. released its results for the second quarter of fiscal 2021 on Dec. 18 after the market closed.The company's earnings and revenue topped expectations due to growth in the digital business. Community Rules apply to all content you upload or otherwise submit to this site. Accessed Dec. 11, 2020. Second quarter reported revenues were $11.2 billion, up 9 percent compared to prior year and up 7 percent on a currency-neutral basis* driven by growth across all geographies, led by Greater China reported revenue growth of 24 percent NIKE Direct sales were … NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. The athletic apparel maker posted revenue of $11.24 billion in the period, which also topped Street forecasts. Key metrics The company, which is known for its athletic shoes […] ... 2020, 09:11pm EST. Nike's margins during its fiscal fourth quarter shrank to 37.3% from 45.5% a year ago. Eleven analysts surveyed by Zacks expected $10.55 billion. All rights reserved (About Us). For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.nike.com. Nike Inc. on Friday reported fiscal second-quarter net income of $1.25 billion. https://www.businesswire.com/news/home/20201218005683/en/, Investor Contact: In the Greater China region, Nike… (971) 473-3143, Media Contact: Subscribe to OregonLive. 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. 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