(RTTNews) - Nike Inc. (NKE) will host a conference call at 5:00 PM ET on March 24, 2020, to discuss Q3 20 earnings results. 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. Third quarter results contain several non-comparable transactions. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: … For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.nike.com. 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. … ET. In the after-hours, the shares gained over 5% despite remaining overvalued at current levels. Beginning March 16th, all NIKE-owned stores, outside of Greater China, Japan and Korea were closed to help curb the spread of COVID-19. 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. Latest Stock Picks Investing Basics Premium Services. As of February 29, 2020, a total of 43.3 million shares had been repurchased under this program for approximately $3.9 billion. Nike Inc (NYSE:NKE) Q3 2020 Earnings Conference Call - Final Transcript Mar 24, 2020 • 05:00 pm ET NIKE, Inc. management will provide more detail on the financial and operational impacts of COVID-19 during the conference call later today. The company has a market cap of $182.5 billion. Strong digital business supports growth. "Following" : "Follow"}} March 24, 2020 9:16am 238 Comments. As discussed in our press release issued on February 4, 2020, operations in Greater China were materially impacted as a result of COVID-19. Its shares shot up more than 8% in after-hours trading Tuesday following the release. John Donahoe - President and CEO. NKE earnings call for the period ending November 30, 2020. Stock Advisor Flagship service. Diluted earnings per share was also adversely impacted by COVID-19. 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 Hello, visitor. 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. 570%. 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. Nike earnings for fiscal Q3 topped estimates late Tuesday with the athletic gear giant bullish on a rebound in Asia.Nike stock rose. Net income plunged by 23% to $847 million or $0.53 per share. Company 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. 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). ET ... and welcome to Designer Brands third quarter of fiscal 2020 earnings ... trailing only one small company called Nike. S&P. NIKE EPS for the … 113%. Find the full earnings release from Nike here . Act 0.86 Est 0.701 Q1 2020 Nike Inc Earnings Call 09/24/2019 05:00 PM (EDT) NKE. March 25, 2020 admin Retail Business 0. Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus. Categories AlphaGraphs, Earnings, Retail. Yesterday, Nike released its fiscal 2020 Q3 earnings report. The stock ended Tuesday’s regular session up 15.18% at $72.33. 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. Q3 2020 Earnings Call Dec 9, 2020, 8:30 a.m. For Nike, FY20 was a year that proved the power of our competitive advantages – and the opportunity we have to accelerate them. Nike (NKE) delivered earnings and revenue surprises of 44.44% and 2.36%, respectively, for the quarter ended February 2020. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. 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. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. Section Three - The Context 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. 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’s Q3 earnings Nike’s reported EPS declined 22.1% YoY to $0.53 in the third quarter. Individuals can also visit http://news.nike.com and follow @NIKE. Nike (NKE) posted better-than-expected Q3 fiscal 2019 earnings and revenue after the closing bell Thursday. 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. See who is reporting this week. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator . With positive developments on the vaccine front giving fresh hopes of markets reopening, major stock indexes continued their rally this week. Q3 2020 Nike Inc Earnings Call 03/24/2020 05:00 PM (EDT) NKE. Nike (NKE) reported fiscal Q2 earnings after market close on December 18. BEAVERTON, Ore., March 21, 2019 – NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2019 third quarter ended February 28, 2019. This transcript is provided by NIKE, Inc. only for reference purposes. NIKE Inc. NKE is slated to release third-quarter fiscal 2020 results on Mar 24. 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. Net profit, FedEx Corporation (NYSE: FDX) reported second quarter 2021 earnings results today. Strong digital business supports growth. Check out the Markets Insider earnings calendar. Act 0.86 Est 0.701 Q1 2020 Nike Inc Earnings Call 09/24/2019 05:00 PM (EDT) NKE. NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) 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. Sign in or Sign up. Return. Do the numbers hold clues to what lies ahead for the stock? Nike posted a mixed Q3 2020 earnings report amid the coronavirus, but investors are still bullish: Its stock soared 7% at market close. Find earnings report and search by company, date and market cap. Q3 earnings, at 90 cents per share, showed a 13% sequential gain and an 18% year-over-year gain. 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. 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. View all Motley Fool Services. Foot Locker Inc (FL) Q3 2020 Earnings Call Transcript FL earnings call for the period ending October 31, 2020. 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. 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. 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. Act 0.68 Est 0.647 Q3 2019 Nike Inc Earnings Call 03/21/2019 05:00 PM (EDT) NKE. Listen to "Q3 2020 Nike Inc Earnings Call". This is an improvement from the -26.5% earnings decline … 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 … Revenue rose by 5% to $10.1 billion. ET. ... • 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. ** The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Matt Friend - CFO. 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. Nike (NKE) delivered earnings and revenue surprises of 23.81% and 6.54%, respectively, for the quarter ended November 2020. Temporary store closures decimated Nike's sales and earnings in the company's fiscal fourth quarter ended May 31, 2020. “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.”**. NIKE Inc. NKE is slated to release third-quarter fiscal 2020 results on Mar 24. NIKE annual and quarterly earnings per share history from 2006 to 2020. Chief Executive … These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. 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. 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. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. 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. 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. Nike\'s (NYSE: NKE) Q3 2020 revenue came in at $10.1B which beat analysts\' estimates of $9.57B. 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. 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. 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.”**. ... Nike Earnings: What to Watch The ... which will amplify earnings growth. Revenues rose 19% year-over-year to $20.6 billion. Nike shares as of Tuesday's market close are up about 15% year to date. “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. Direct to consumer sales are expected to rise YOY. 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. Act 0.7 Est 0.58 Q2 2020 Nike Inc Earnings Call 12/19/2019 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. 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. The strength of our brand, our compelling product and innovation, our leading digital ecosystem and more are all fueling our growing separation. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. The top line exceeded analysts’ expectations while the bottom line missed consensus estimates. Act 0.7 Est 0.58 Q2 2020 Nike Inc Earnings Call 12/19/2019 05:00 PM (EST) NKE. Benzinga News Desk {{following ? NIKE (NKE) retains positive earnings record in third-quarter fiscal 2020 despite the impacts of the coronavirus outbreak on its Greater China business. X Nike Earnings. Despite reporting an increase in third-quarter sales, Nike's earnings fell, hurt by the coronavirus pandemic. FY 2020 Q3 Earnings Release Conference Call Transcript March 24, 2020. Nike Earnings on Friday with an Eye on Guidance, Digital Sales . 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. So, let's break down the sportswear giant's footwear sales, as … Do the numbers hold clues to what lies ahead for the stock? Download the PDF of the FY20 Q3 Press Release and Schedules. 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. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. Q2 2017 Nike, Inc. Earnings Call 12/20/2016 05:00 PM (EST) NKE. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared … NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. Q3 2020 Earnings Slides October 20, 2020. Andy Muir - VP, IR. 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