Nike Inc. ( NYSE: NKE) reported a 23% dip in earnings for the third quarter of 2020 due to a transition charge of Brazil, Argentina, Chile and Uruguay businesses to a strategic distributor model as well as Covid-19 outbreak. Strong digital business supports growth. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. Read More: NKE earnings call for the period ending November 30, 2020. Revenue rose by 5% to $10.1 billion. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. NIKE Inc. NKE is slated to release third-quarter fiscal 2020 results on Mar 24. Do the numbers hold clues to what lies ahead for the stock? During the first two months of the third quarter, Greater China’s revenue grew strong double digits, offset by the impacts of coronavirus beginning in late January. The report will be for the fiscal Quarter ending Nov 2020. ** The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. As of February 29, 2020, a total of 43.3 million shares had been repurchased under this program for approximately $3.9 billion. Chief Executive … 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. Beginning March 16th, all NIKE-owned stores, outside of Greater China, Japan and Korea were closed to help curb the spread of COVID-19. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared … NIKE Inc. NKE is slated to release third-quarter fiscal 2020 results on Mar 24.In the last reported quarter, the leading sports apparel retailer delivered a positive earnings surprise of 20.7%. • Revenues rose 5 percent on a reported basis and 7 percent on a currency-neutral basis*; Digital sales up 36 percent versus prior year • Diluted earnings per share was $0.53, including a $0.25 non-recurring, … So, let's break down the sportswear giant's footwear sales, as … Gross margin decreased by 80 basis points primarily as a result of impacts from Covid-19, including a lower mix of sales in Greater China which is the highest margin geography, as well as increased rebates to wholesale partners and higher costs related to factory cancellations to manage future inventory. Earnings, Revenues rose 5 percent on a reported basis and 7 percent on a currency-neutral basis*; Digital sales up 36 percent versus prior year, Diluted earnings per share was $0.53, including a $0.25 non-recurring, non-cash charge associated with the transition to a strategic distributor model in South America, Inventory increased 7 percent to $5.8 billion; closeout inventory units declined versus prior year. The top line exceeded analysts’ expectations while the bottom line missed consensus estimates. Nike Q3 Earnings Preview. Chief Executive … Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. Sign in or Sign up. ET. NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results. Net income plunged by 23% to $847 million or $0.53 per share. Net profit, FedEx Corporation (NYSE: FDX) reported second quarter 2021 earnings results today. ET. Act 0.7 Est 0.58 Q2 2020 Nike Inc Earnings Call 12/19/2019 05:00 PM (EST) NKE. Revenues for the NIKE Brand were $9.6 billion, up 6 percent on a currency-neutral basis driven by double-digit growth in NIKE Direct and growth in wholesale; key categories including Sportswear and the Jordan Brand, and continued growth across footwear and apparel. See who is reporting this week. (Below is Investopedia's original earnings preview, published September 21, 2020… Company As a result, we classified the assets and liabilities of the entities to be sold as held-for-sale on our Unaudited Consolidated Balance Sheets and recognized a non-recurring, non-cash charge of $400 million. Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus. 2020 Annual Report. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. Find the full earnings release from Nike here . Matt Friend - CFO. This presentation contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. ... Nike Earnings: What to Watch The ... which will amplify earnings growth. NIKE, Inc. management will provide more detail on the financial and operational impacts of COVID-19 during the conference call later today. NIKE, Inc. (NYSE:NKE) Q2 2021 Results Conference Call December 18, 2020 5:00 PM ET Company Participants. Foot Locker Inc (FL) Q3 2020 Earnings Call Transcript FL earnings call for the period ending October 31, 2020. Currently, nearly 80% of doors are open in Greater China with an even higher rate in key cities. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. Nike's first quarter performance was driven by strong sales growth in Nike's digital channels. Benzinga News Desk {{following ? ET. Direct to consumer sales are expected to rise YOY. 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. BEAVERTON, Ore., Mar. Nike (NKE) posted better-than-expected Q3 fiscal 2019 earnings and revenue after the closing bell Thursday. View all Motley Fool Services. Q3 earnings, at 90 cents per share, showed a 13% sequential gain and an 18% year-over-year gain. Temporary store closures decimated Nike's sales and earnings in the company's fiscal fourth quarter ended May 31, 2020. ET ... and welcome to Designer Brands third quarter of fiscal 2020 earnings ... trailing only one small company called Nike. 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, April 7, 2020. For Nike, FY20 was a year that proved the power of our competitive advantages – and the opportunity we have to accelerate them. Nike’s competitor Under Armour (NYSE: UAA) reported weak fourth-quarter 2019 earnings and revenue due to demand headwinds arising from the transformation strategies, which is likely to improve inventory management and strengthening the balance sheet. The top line exceeded analysts’ expectations while the bottom line missed consensus estimates. NIKE annual and quarterly earnings per share history from 2006 to 2020. ... • DAUs were 249 million in Q3 2020, ... Snapchatters can now dress their Bitmojiavatars in a new collection of 19 different digital apparel and sneakers from Nike’s Jordan brand, including the new Air Jordan XXXV. Foot Locker Inc Q3 2020 Earnings Call Nov 20, 2020, 9:00 a.m. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator . Third quarter results contain several non-comparable transactions. Total Tech sector earnings are projected to dip -0.7% in Q4 on +9.0% higher revenues, which will follow an earnings growth of +10.0%% on +6.7% higher revenues in the preceding quarter (2020 Q3). Its shares shot up more than 8% in after-hours trading Tuesday following the release. Download, follow and add "Nike, Inc." earnings calls to your podcast at EarningsCast. Strong digital business supports growth. In the after-hours, the shares gained over 5% despite remaining overvalued at current levels. Nike (NKE) reported fiscal Q2 earnings after market close on December 18. March 25, 2020 admin Retail Business 0. (RTTNews) - Nike Inc. (NKE) will host a conference call at 5:00 PM ET on March 24, 2020, to discuss Q3 20 earnings results. Do the numbers hold clues to what lies ahead for the stock? The strength of our brand, our compelling product and innovation, our leading digital ecosystem and more are all fueling our growing separation. Yesterday, Nike released its fiscal 2020 Q3 earnings report. Calls; Calendar; Feed; Nike, Inc. (NKE) Home Nike, Inc. (NKE) Latest Calls; Upcoming Calls; NKE. NIKE (NKE) retains positive earnings record in third-quarter fiscal 2020 despite the impacts of the coronavirus outbreak on its Greater China business. NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. NIKE (NKE) retains positive earnings record in third-quarter fiscal 2020 despite the impacts of the coronavirus outbreak on its Greater China business. Nike, Inc. is expected* to report earnings on 12/18/2020 after market close. Moreover, its bottom line beat estimates by 10.9%, on average, over the trailing four quarters. Cash and equivalents and short-term investments were $3.2 billion, $864 million lower than last year, as share repurchases, dividends, and investments in infrastructure more than offset proceeds from net income. Q2 2017 Nike, Inc. Earnings Call 12/20/2016 05:00 PM (EST) NKE. Nike posted a mixed Q3 2020 earnings report amid the coronavirus, but investors are still bullish: Its stock soared 7% at market close. Andy Muir - VP, IR. The company has a market cap of $182.5 billion. John Donahoe - President and CEO. Revenues increased to $10.1 billion in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis, driven by 13 percent currency-neutral growth in NIKE Direct with digital growth of 36 percent and strong growth across EMEA, APLA and North America, offset by the impact of COVID-19 on our business in Greater China. March 25, 2020. 2 hours Qutoutiao Inc (QTT) Q3 2020 Earnings Call Transcript – Motley Fool The Motley Fool 2 hours Qutoutiao Inc. (QTT) CEO Eric Tan on Q3 2020 Results – Earnings Call Transcript Seeking Alpha 4 hours Blue Bird Corporation (BLBD) CEO Phil Horlock on Q4 2020 Results – Earnings Call Transcript Seeking Alpha 5 hours FedEx Earnings Preview: Earnings Momentum In Full Swing, Biz Model Tailor-Made For … Earnings, revenue, and direct to consumer sales all beat analyst expectations. Despite reporting an increase in third-quarter sales, Nike's earnings fell, hurt by the coronavirus pandemic. This is an improvement from the -26.5% earnings decline … NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019. * See additional information in the accompanying Divisional Revenues table regarding this non-GAAP financial measure. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: … BEAVERTON, Ore., Mar. NIKE annual and quarterly earnings per share history from 2006 to 2020. Nike Inc Q3 2020 Earnings Call Mar 24, 2020, 5:00 p.m. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on March 24, 2020, to review fiscal third quarter results. Hello, visitor. Diluted earnings per share was also adversely impacted by COVID-19. Currently, nearly 80 percent of doors are open in Greater China with an even higher rate in key cities. Individuals can also visit http://news.nike.com and follow @NIKE. 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. Nike Earnings on Friday with an Eye on Guidance, Digital Sales . FY 2020 Q3 Earnings Release Conference Call Transcript March 24, 2020. Nike (NKE) delivered earnings and revenue surprises of 44.44% and 2.36%, respectively, for the quarter ended February 2020. Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus. NIKE, INC. REPORTS FISCAL 2020 THIRD QUARTER RESULTS BEAVERTON, Ore., Mar. Q3 2020 Nike Inc Earnings Call 03/24/2020 05:00 PM (EDT) NKE. We know it’s in times like these that strong brands get even stronger,” said John Donahoe, President and CEO, NIKE, Inc. “As we start to see recovery in China, no one is better equipped than NIKE to navigate the current climate.”**. However, during the first two months of the third quarter, Greater China’s revenue grew strong double digits, offset by the impacts of COVID-19 beginning in late January. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. EPS was $0.53 which missed analysts\' estimates of $0.56. S&P. Nike Earnings: NKE Stock Soars 8% on Q3 Revenue Beat NKE missed EPS estimates By William White , InvestorPlace Writer Mar 24, 2020, 4:29 pm EST March 24, 2020 During the third quarter, NIKE, Inc. repurchased 9.6 million shares for approximately $957 million as part of the four-year, $15 billion program approved by the Board of Directors in June 2018. Download the PDF of the FY20 Q3 Press Release and Schedules. Beginning March 16, all Nike-owned stores, outside of Greater China, Japan and Korea were closed to help curb the spread of the virus. Act 0.86 Est 0.701 Q1 2020 Nike Inc Earnings Call 09/24/2019 05:00 PM (EDT) NKE. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Nike posted a mixed Q3 2020 earnings report amid the coronavirus, but investors are still bullish: Its stock soared 7% at market close. X Nike Earnings. Nike Inc (NYSE:NKE) Q3 2020 Earnings Conference Call - Final Transcript Mar 24, 2020 • 05:00 pm ET Q3 2020 Earnings Slides October 20, 2020. All statements other than statements of historical facts contained in this presentation, including statements regarding guidance, our future results of operations or financial condition, business strategy and plans, user … Q3 2020 Earnings Call Dec 9, 2020, 8:30 a.m. “In an extraordinarily dynamic time, NIKE’s strong results are testament to our deep consumer connections, compelling product innovation and agile teams around the world. earnings. Nike reported quarterly sales that topped analysts’ expectations, thanks to a boost from its digital business and growth in North America, which helped to offset weakness in China due to COVID-19. "Following" : "Follow"}} March 24, 2020 9:16am 238 Comments. Nike\'s (NYSE: NKE) Q3 2020 revenue came in at $10.1B which beat analysts\' estimates of $9.57B. Diluted earnings per share for the quarter was $0.53, including a $0.25 non-recurring, non-cash charge related to our entry into definitive agreements to transition our Brazil, Argentina, Chile and Uruguay businesses to a strategic distributor model. Act 0.86 Est 0.701 Q1 2020 Nike Inc Earnings Call 09/24/2019 05:00 PM (EDT) NKE. Nike’s Q3 earnings Nike’s reported EPS declined 22.1% YoY to $0.53 in the third quarter. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. Check out the Markets Insider earnings calendar. September 22, 2020 – BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. earnings ET. Analysts estimate EPS of $0.62 vs. $0.70 in Q2 FY 2020. Nike shares as of Tuesday's market close are up about 15% year to date. Nike (NKE) delivered earnings and revenue surprises of 44.44% and 2.36%, respectively, for the quarter ended February 2020. 570%. March 24, 2020 admin Business News 0. Latest Stock Picks Investing Basics Premium Services. NIKE, Inc. does not update or delete outdated information contained in this transcript and disclaims any obligation to do so. … Do the numbers hold clues to what lies ahead for the stock? NIKE Inc. NKE is slated to release third-quarter fiscal 2020 results on Mar 24. Q3 2020 Nike Inc Earnings Call 03/24/2020 05:00 PM (EDT) NKE. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.nike.com. Revenues rose 19% year-over-year to $20.6 billion. According to Zacks Investment Research, based on 12 … Analysts had expected EPS of $0.59 on revenue of $9.8 billion for the third quarter. Both the Hurley gain on sale and the charge associated with the transition in South America were recognized in Other (income) expense, net on our Unaudited Consolidated Statements of Income. Its shares shot up more than 8% in after-hours trading Tuesday following the release. At the peak in February, roughly 75% of Nike-owned and partner doors in Greater China were closed with others operating in reduced hours. Nike Earnings: NKE Stock Soars 8% on Q3 Revenue Beat NKE missed EPS estimates By William White , InvestorPlace Writer Mar 24, 2020, 4:29 pm EST March 24, 2020 Nike Inc. (NYSE: NKE) reported a 23% dip in earnings for the third quarter of 2020 due to a transition charge of Brazil, Argentina, Chile and Uruguay businesses to a strategic distributor model as well as Covid-19 outbreak. DESIGNER BRANDS INC Q3 2020 Earnings Call Dec 9, 2020, 8:30 a .m. Act 0.73 Est 0.556 Q1 2017 Nike Inc Earnings Conference call 09/27/2016 05:00 PM … Looking out to Q3. For the third quarter, the top line increased by 7% on a currency-neutral basis, driven by 13% currency-neutral growth in Nike Direct with digital growth of 36% and strong growth across EMEA, APLA and North America, offset by the impact of Covid-19 on its business in Greater China. Q3 2020 Earnings Slides October 20, 2020. Revenue is expected to grow at a slow pace after falling amid COVID-19 shock. At the peak in February, roughly 75 percent of NIKE-owned and partner doors in Greater China were closed with others operating on reduced hours. Return. Nike (NKE) delivered earnings and revenue surprises of 23.81% and 6.54%, respectively, for the quarter ended November 2020. For 2020 Q3, total S&P 500 earnings are expected to decline -22.8% on -2.8% lower revenues. BEAVERTON, Ore., March 21, 2019 – NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2019 third quarter ended February 28, 2019. Section Three - The Context Listen to "Q3 2020 Nike Inc Earnings Call". This situation was not contemplated at the time we provided Q3 guidance during our Q2 fiscal year 2020 earnings call. Although shares of the Zacks Rank #4 (Sell) company have lost 28.1% in the past three months, it fared better than the industry’s 38.9% decline. Returns as of 12/18/2020. NIKE, Inc. (NYSE:NKE) Q3 2020 Results Conference Call March 24, 2020 05:00 PM ET Company Participants Matt Friend - CFO, NIKE Operating Segments and VP, IR John Donahoe - … As discussed in our press release issued on February 4, 2020, operations in Greater China were materially impacted as a result of COVID-19. Shares of NIKE rallied 9.9% in the after-hours trading session on Mar 24, driven by better-than-expected earnings and sales for third-quarter fiscal 2020 despite the impacts of the coronavirus pandemic. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. … Digital sales in Greater China increased more than 30 percent while brick and mortar retail sales were impacted by temporary store closures related to COVID-19. Digital sales in Greater China increased more than 30% while brick and mortar retail sales were impacted by temporary store closures related to Covid-19. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. This transcript is provided by NIKE, Inc. only for reference purposes. 113%. 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. In it, the sportswear giant addresses the current coronavirus crisis and revealed its biggest release to date was the Air Jordan 11 "Bred." Nike earnings for fiscal Q3 topped estimates late Tuesday with the athletic gear giant bullish on a rebound in Asia.Nike stock rose. Revenues for Converse were $506 million, up 11 percent on a currency-neutral basis, mainly driven by double-digit growth in Europe and in digital, globally. … This charge primarily reflects the anticipated release of associated cumulative foreign currency translation losses and could fluctuate due to changes in exchange rates up to the date of close. Information presented was current only as of the date of the conference call and may have subsequently changed materially. In the third quarter, on a currency-neutral basis, Greater China revenues were down 4 percent following 22 consecutive quarters of double-digit growth. “As we close Q3, NIKE’s Brand leadership and business momentum have been stronger than ever and unrivaled around the world,” said Andy Campion, Executive Vice President and Chief Financial Officer, NIKE, Inc. “Amidst the dynamics that all are facing, we are executing against an operational playbook that will expedite NIKE’s return to profitable, capital efficient growth leveraging our strong financial position, the strongest partnerships across the value chain in our industry, and our leading digital capabilities.”**. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. In February, we announced the execution of agreements to transition our NIKE Brand businesses in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships. Categories AlphaGraphs, Earnings, Retail. Net income shrank to $847 million, … Stock Advisor Flagship service. As a result of the sale of the Hurley business, the Company estimates that revenue growth in North America was adversely impacted by approximately 1-2 percentage points during the third quarter. After a short-lived withdrawal, the Dow Jones Industrial Average, Darden Restaurants (NYSE: DRI) reported higher earnings for the second quarter of 2021, despite a decrease in sales amid historically low restaurant traffic due to the COVID-related restrictions. Finance sector earnings are projected to decline -9.0% on -3.3% lower revenues in Q4, which follows the -11.7% earnings decline on +0.6% higher revenues in 2020 Q3. With positive developments on the vaccine front giving fresh hopes of markets reopening, major stock indexes continued their rally this week. The stock ended Tuesday’s regular session up 15.18% at $72.33. Find earnings report and search by company, date and market cap. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. Additionally, we completed the sale of the Hurley brand and recognized an immaterial gain on sale. Under Armour offered Wall Street a more upbeat outlook for 2020: It now expects full-year revenue to be down by a high-teen percentage rate. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES 1 (Unaudited) THREE MONTHS ENDED % NINE MONTHS ENDED % (Dollars in millions) 2/29/2020: 2/28/2019: Change: 2/29/2020 Nike reported quarterly sales that topped analysts’ expectations, thanks to a boost from its digital business and growth in North America, which helped to offset weakness in China due to COVID-19. Nike Q3 2019 Earnings Conference Call March 21, 2019 5:00 p.m. Stocks. Dynamics continue to evolve and accordingly we will provide an update on the operational and financial impacts on our Q3 earnings call. NIKE EPS for the … Act 0.7 Est 0.58 Q2 2020 Nike Inc Earnings Call 12/19/2019 05:00 PM (EST) NKE. GAAP net income was $1.23 billion, or $4.55 per share, compared to, © 2020 AlphaStreet Inc. All Rights Reserved, Infographic: Highlights of Darden Restaurants' (DRI) Q2 2021 earnings report, 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. On -2.8 % lower revenues the stock $ 847 million or $ 0.53 per share history from to. 12/20/2016 05:00 PM ( Est ) NKE results BEAVERTON, Ore., Mar channels! Presented was current only as of February 29, 2020 % at $ 72.33 March 21, 2019 p.m. At http: //news.nike.com and follow @ nike 's digital channels is provided by,! ( FL ) Q3 2020 earnings Call 09/24/2019 05:00 PM ( EDT ) NKE, 9:00 a.m China were... 2019 5:00 p.m about us and our industry that involve risks and uncertainties nike, Inc. Reports 2020! Rebound in Asia.Nike stock rose beat estimates by 10.9 %, on average nike q3 earnings 2020 the. 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