Nike, Inc. - Ordinary Shares - Class B

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Other Pre-Announcement

Nike Expect FY Revenue To Be Up High Single Digits To Low Double Digits Versus Prior Year

Published: 09/22/2020 22:58 GMT
Nike, Inc. - Ordinary Shares - Class B (NKE) - CFO - Expect Reported Revenue to Be Roughly Flat Versus Prior Year in the First Half of Fiscal 21- Conf Call.
Nike CFO - Co Scaling Robotics and Automation in Logistics Operations, Accelerating Digital Throughput and Cutting Order Cycle Times by Up to 50%.
Nike CFO - Fiscal '21 Will Continue to Be a Time of Uncertainty Because Virus-containment Patterns Around the World Remain Volatile.
Nike CFO - for Full Year, Expect Revenue to Be Up High Single Digits to Low Double Digits Versus Prior Year.
Nike CFO - Stronger-than-anticipated Demand for Will Be Constrained in Near Term, With Growth in the Second Half to Be Up Significantly.
Nike CFO - Gross Margin Outlook Will Continue to Be a Function of Prioritizing a Return to Normalized Inventory Levels by the End of Q2.
Nike CFO - Expect to Begin Seeing Sequential Improvement in Full Price Sales, But Expect Continuation of Higher Markdown Activity in Factory Stores.
Nike CFO - Expect FY Gross Margin to Be Flat Versus Prior Year, Including 40 Basis Points of Foreign Exchange Headwinds.
Nike CFO - Expect FY Sg&a to Be Flat, Including About $200 Million to $250 Million of Nonrecurring Execution Costs Incurred in 1h.