Nike, Inc. - Ordinary Shares - Class B

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Earnings Announcements

Nike Inc Reports Fiscal 2021 First Quarter Results

Published: 09/22/2020 20:24 GMT
Nike, Inc. - Ordinary Shares - Class B (NKE) - Nike, Inc. Reports Fiscal 2021 First Quarter Results.
Q1 Earnings per Share $0.95.
Q1 Revenue $10.6 Billion Versus Refinitiv Ibes Estimate of $9.14 Billion.
Q1 Earnings per Share Estimate $0.47 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Nike Brand Digital Sales Increased 82 Percent, Or 83 Percent on a Currency-neutral Basis.
Q1 Revenue Impacted by Strong Nike Brand Digital Growth of 82 Percent, Offset by Lower Revenue in Our Wholesale Business and Nike-owned Stores.
Quarter End Inventory Rose 15 Percent Versus Prior Year But Decreased 9 Percent Versus Prior Quarter.
Continue to Experience Year-over-year Declines in Physical Retail Traffic Across Marketplace Due to Covid-19 Impacts.
Qtrly Nike Direct Sales Were $3.7 Billion, Up 12 Percent on a Reported Basis.
Qtrly Revenues for Nike Brand Were $10.0 Billion, Flat to Prior Year on a Currency-neutral Basis.
Qtrly Greater China Total Revenue Was $1,780 Million Versus $1,679 Million.
Qtrly Gross Margin Decreased 90 Basis Points to 44.8 Percent Primarily As a Result of Impacts From Covid-19.
Qtrly Selling and Administrative Expense Decreased 11 Percent to $3.0 Billion.
Qtrly Asia Pacific & Latin America Revenue $1,099 Million Versus $1,345 Million.
Qtrly North America Total Revenue $4,225 Million Versus $4,293 Million Reported Last Year.
Total Liquidity at August 31 Was $13.4 Billion.
Qtrly Europe, Middle East & Africa Total Revenue $2,910 Million Versus $2,773 Million Reported Last Year.
Revenue is expected to be $11.11 Billion
Adjusted EPS is expected to be $0.50

Next Quarter Revenue Guidance is expected to be $12.35 Billion
Next Quarter EPS Guidance is expected to be $1.14

More details on our Analysts Page.