Nike, Inc. - Ordinary Shares - Class B

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Earnings Announcements

Nike Inc Reports Second Quarter 2021 Results

Published: 12/18/2020 23:18 GMT
Nike, Inc. - Ordinary Shares - Class B (NKE) - Nike, Inc. Reports Fiscal 2021 Second Quarter Results.
Q2 Earnings per Share $0.78.
Q2 Revenue $11.2 Billion Versus Refinitiv Ibes Estimate of $10.56 Billion.
Q2 Earnings per Share Estimate $0.62 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Nike Direct Sales Were $4.3 Billion, Up 32 Percent on a Reported Basis.
Q2 Reported Revenues Were $11.2 Billion, Up 9 Percent Compared to Prior Year.
Qtrly Gross Margin Decreased 90 Basis Points to 43.1 Percent.
Qtrly Nike Brand Digital Sales Increased 84 Percent, Or 80 Percent on a Currency-neutral Basis.
Q2 Revenue Performance Was Impacted by Strong Nike Brand Digital Growth, Offset by Lower Revenue in Wholesale Business and Nike-owned Stores.
Continue to Experience Year-over-year Declines in Physical Retail Traffic in North America, Emea and Apla Due to Covid-19 Impacts.
More Than 90% of Owned Stores Are Open Today, With Some Operating on Reduced Hours.
Qtrly North America Total Revenue Was $4,006 Million Versus $3,982 Million Reported Last Year.
Qtrly Greater China Total Revenue Was $2,298 Million Versus $1,847 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.