And while we are sharing with you our perspectives on the opportunities that we see, as we look towards the future, the reality is that this environment right now is quite uncertain. We had many product highlights this quarter. And even in the midst of disruption, we are on the offense. New innovation continues to resonate with our consumers, with key innovation platforms becoming an even bigger part of our mix in Q1. We continue to see strong consumer engagement, in that You Can’t Stop Sport campaign with over 2.6 billion impressions as we’ve reached more than 800 million unique consumers around the world. Our gross margin outlook will continue to be a function of prioritizing a return to normalized inventory levels by the end of Q2. And the more you get in a distributed environment and a less controlled environment, obviously, the more challenging that is. I believe last quarter when you spoke to us I think to the exit rate was triple-digits in June, obviously it’s still a huge number for the overall quarter, but maybe just help us understand did that digital rate slow at the stores and the conversion came back in the bricks-and-mortars part of your DTC business? Q1 2021 Earnings Presentation November 5, 2020 . Our teams have navigated with agility and focus to recalibrate supply and demand, to increase digital distribution capacity, to secure liquidity, and to tightly manage costs, all while ensuring the health and safety of our employees and consumers. Why don’t I take the first part and then maybe John will grab the second piece of it. Nike Inc (NYSE:NKE) – Investment analysts at Piper Sandler lifted their Q1 2021 EPS estimates for shares of Nike in a note issued to investors on Wednesday, September 16th. Revenues for the NIKE Brand were $10.0 billion, flat to prior year on a currency-neutral basis driven by double-digit growth in NIKE Direct, as well as growth in Sportswear and the Jordan Brand, offset by declines in our wholesale business. Now, we know this is a multi-year journey and we have a bright future and lots of opportunity, but in many ways, we’re just getting started. Your line is open. NIKE, Inc. (NYSE: NKE) plans to release its first quarter fiscal 2021 financial results on Tuesday, September 22, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Second, in a normalized period, we earn roughly 10 points higher gross margin rate on our digital revenue versus wholesale. Just this month, you saw Naomi Osaka give voice to the Black Lives Matter movement by sitting out the finals of the tournament just prior to the US Open before returning to the US Open and winning it. Simply put, we’re on the offense and accelerating toward this future vision. Oppenheimer analyst B. Nagel anticipates that the footwear maker will post earnings of $0.39 per share for the quarter. Our size, our incredible product, our brand strength and infinity, the direct consumer relationships we deepen each day and our ability to create seamless and differentiated shopping experiences, that is how we drive continued separation. And then we also had some SG&A leverage in those geographies in the quarter, as we were managing spend and working through new ways of working from a corporate perspective, and that also helped to fuel EBIT growth relative to revenue growth in the quarter. Revenue of $10.59B (-0.62% Y/Y) beats by $1.45B. Third, we continue to take greater advantage of our vast digital opportunity as the shift in consumer shopping preferences accelerates. Next question is from Omar Saad with Evercore ISI. BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. Operating overhead expense decreased 1 percent to $2.3 billion as lower travel and related expenses were slightly offset by restructuring costs and continued investments in digital capabilities, both of which are associated with the Consumer Direct Acceleration, the next digitally empowered phase of our strategy. In the event you have additional questions that are not covered by others, please feel free to requeue and we will do our best to come back to you. And while we doubled down on the strategic capabilities required to fuel our digital acceleration, we are simultaneously driving a sharper prioritization and sequencing of our investments. This is just one reflection of how digitally enabled our future of retail is and how membership is a critical differentiator. By continuously adding new styles, we expand these popular platforms. Is it more efficient fulfillment of orders or scale, any of those? I think there’s probably three key drivers of operating margin improvement that we see from leveraging scale of our digital business. Nike Inc. (NYSE: NKE) Q1 2021 earnings call dated Sep. 22, 2020 Corporate Participants: Andy Muir -- Vice President of Investor Relations John J. Donahoe II Is that something that’s already on the move as you see the growth rates that you’re seeing in those markets with the digital business? Stocks. And maybe Matt, if you could just — a little bit more around — you gave some commentary for the full year, but maybe just the drivers of that performance for the remainder of the year would be very helpful. These include member engagements and owned digital market share. This is down from their earlier estimate of $0.56 for that quarter. And while we continue to navigate through uncertain dynamics, sport has returned; interest in activity and health, fitness and wellness has never been greater; consumer connection and engagement with our brands is growing; and NIKE is transforming the way we operate to better serve all consumers. 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. But yeah, so it starts with where John was in his prepared remarks. So, we got over a 1 billion units at 99.99% readability, which enables us to see our inventory now across all of our factory stores. Our store traffic and sales are improving quarter-over-quarter, and we’re also seeing consumers increasingly self-identify as a member during checkout, or as we call it a linked transaction, which is leading to even more engagement on our apps and an elevated O2O journey. Estimates: Nike earnings per share are seen collapsing 97% to 2 cents, according to Zacks Investment Research.Revenue is seen … So, on the financial algorithm and as we think through the accelerated shift to digital, and I think you had said within the guardrails of SG&A that you’ve outlined, are there any offsetting headwinds constraining your ability to potentially outpace your outlined high single-digit top line and mid-teens earnings growth rates as we think moving forward? And fourth, this digital focus is guiding how we create the future of retail as we continue to launch seamless premium brick-and-mortar experiences. Just in Q1, we launched new stores in Guangzhou, China; Seoul, Los Angeles and Paris, with two new doors in New York City coming in the next few weeks. And given where things are sitting in the pandemic at this point in time, we were able to leverage the inventory visibility in order to be able to take advantage of some of the — take advantage of the demand that we had across the marketplace and across our retail stores. We also expect though that we’re going to need to maintain an investment — investment in discounts in our factory stores, because we’re not anticipating traffic to recover to prior year levels in the balance of the year. Jamie, it’s interesting because I had a little bit of a outside-in point of view of this, and I must say from a Board perspective, I saw the investment NIKE was making in digital and, boy, you see the result of that, the fact that we have a clear digital advantage today. This presentation may contain “forward-looking” statements within the meaning of Section 27A of the Securities Act … You almost answered the question for me there hitting the points. The stock went up almost 9% due to impressive earnings beats. We saw owned digital market share gains across both the US and key countries in EMEA, which gives us confidence in our ability to sustain and to grow our digital penetration even as physical retail traffic continues to recover. Net profit, FedEx Corporation (NYSE: FDX) reported second quarter 2021 earnings results today. Earnings. Another example is how our organizational restructuring will simplify the way we work, eliminate duplication and redundancy and realign our resources to focus on our biggest growth opportunities. As you’ve seen over the last two quarters, our priorities are clear. We will achieve this level of service at a lower fulfillment cost over time. Marketplace inventory is healthy and within our targeted guardrails. And as I’ve said before, these are times when the strong can get stronger, and I’m energized by our incredible potential. He was a true leader and an icon in the world of sports and we will miss him. NIKE, Inc. (NYSE: NKE) plans to release its first quarter fiscal 2021 financial results on Tuesday, September 22, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Thank you, Matt. In fact, during the quarter, we took focused actions to proactively shift the North America marketplace as part of our strategy to serve consumers more consistently and more personally. Sure, Bob. NIKE Direct grew over 20% with more balanced channel growth as digital grew nearly 30% and NIKE owned stores were up double-digits fueled by key consumer moments like 6/18, where NIKE was the number one sports brand on Tmall. Piper Sandler analyst E. Murphy now anticipates that the footwear maker will earn $0.40 per share for the quarter, up from their prior estimate of $0.28. For those that have missed the camaraderie of group runs during the pandemic, runners are telling us they’re enjoying the connection and extra push offered by this feature. Joining us on today’s call will be NIKE, Inc. President and CEO, John Donahoe; and our Chief Financial Officer, Matt Friend. And so we’re assuming that there will continue to be some promotional activity in the second half of the year to maintain conversion rates and unit velocity as we keep, as we continue to operate through the balance of the year. Cantel Medical Corp (CMD) Q1 2021 Earnings Call Transcript Motley Fool. Company Estimates: Wall Street expects Nike earnings to fall 10% to 63 cents a share, with revenue rising 2% to $10.55 billion. So we would appreciate you limiting your initial questions to one. I’ll go a little deeper in one, just as an example. The NIKE and Jordan brands are stronger than ever, delivering historic records of engagement through nearly 5 billion social media impressions just this quarter. Coach, as many of us called him, was a beloved member of the NIKE family, having served on our Board of Directors for over 30 years. We scaled ship from store capabilities in North America’s NIKE brand in-line stores, which now represents over 20% of revenue in enabled doors. This leads me to the second theme. Following their prepared remarks, we will take your questions. Q1 FY20Q1 FY21 Q1 Fiscal 2021 Financial Highlights 4 Q1 FY20 Q1 FY21 Q1 FY21 $3,496M i1% i1% Organic Constant Currency (a) $3,471M $745M $781M $1.34 $1.41 h5% (a) For a reconciliation of these non-GAAP financial metrics to their closest comparable GAAP metrics see our Q1 fiscal 2021 earnings release available at investors.adp.com. Earnings. For the full year, we now expect gross margin to be flat versus prior year, including 40 basis points of foreign exchange headwinds. These stores range across many different formats, from our houses of innovation concept in Paris to a new NIKE factory store in the Watts neighborhood of LA as we deepen our connection in key cities. NIKE sportswear and basketball drove double-digit growth in the quarter, with strong sell-through of key innovation launches like the Alphafly NEXT%, Space Hippie and the AJ 1 FlyEase. Welcome to NIKE, Inc.’s Fiscal 2021 First Quarter Conference Call. This is our vision for the marketplace, a digitally connected experience, where membership is a true differentiator. Nike stock rose late. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. Do the numbers hold clues to what lies ahead for the stock? And so, in particular, the way we think about it is consumer-facing digital, right, demand sensing, little things. NIKE Direct grew over 25%, with over 100% digital growth, driven by lifestyle products as the consumer focus on comfort continues. Your line is open. And while we will need to continue investments to expand digital fulfillment capacity, we can improve operational efficiency through predictive modeling tools, data driven member personalization and inventory staging. In the report, the footwear giant also shared its sales in China rose by 6% during the last period, however, sales were down by 2% in North America. We know the digital is a new normal. As John said earlier, we know that digital is the new normal. As I mentioned in the last call, we believe that the consumer direct acceleration is clearly a tailwind or a fuel to our long-term financial model. Digital was up nearly 100% driven by triple-digit growth in full price sales and fueled by strong momentum in iconic styles, like the Air Force 1 and Air Jordan 1 along with women’s apparel, which grew nearly 200% in the quarter. The company posted relatively strong results … Act 0.78 Est 0.59 Q3 2020 Nike Inc Earnings Call 03/24/2020 05:00 PM (EDT) NKE. So the only thing that I would say that that might even remotely sound like a deceleration is Greater China growth as the marketplace is normalized. Sure, Kimberly. With the first quarter now complete, I will update our full year financial outlook. RFID is going to drive improved inventory holding costs and it’s also going to help us reduce our transportation costs, both in direct and in wholesale and we believe that’s going to be a critical enabler in order for us to create a fully connected marketplace for NIKE products across both our own stores and our strategic partners. Welcome to Nike Inc’s Fiscal 2021 first quarter conference call. At the same time, we are focused on amplifying our brand impact. Our athletes are doing the same. Health and safety remain our first priority, so we’ve closed facilities and stores where appropriate. And so, we’re simply accelerating that transition. We have got to move deeper into the funnel, [indecipherable] moving from attracting and acquiring new members to retaining members, knowing those members and driving more engagement and frequency of purchase within our existing member base. So, in the first quarter, our gross margin was down 90 basis points versus prior year. Thanks and congrats on a nice quarter. Prior to the temporary suspension of the share repurchase program, a total of 45.2 million shares had been repurchased for approximately $4.0 billion, resulting in approximately $11.0 billion in remaining capacity under the 2018 share repurchase program. So, yes, when we had our last earnings call, we referenced that we were seeing strong triple-digit growth in digital in the month of June. Building on our foundational strengths, there are three structural tailwinds that play to NIKE’s advantage. Over the past quarter, we continued to prove this out across four key areas. To-date, we’ve done some impressive things to achieve scale, highlighted by our app ecosystem, our RFID investment and our omni-channel distribution centers. As with all our articles, AlphaStreet, Inc. does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. I guess, looking at the North America and maybe — I mean, EMEA EBIT dollar growth significantly outpacing revenue growth in those markets. Nike (NKE) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.48 per share. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. Q1 2021 Nike, Inc. Earnings Conference call Starting in 7 hrs 50 mins Upcoming calls Page 1 of 1 Showing 1 – 1 of 1 calls Q1 2021 Nike, Inc. Earnings Conference call. As we look at the second half as I mentioned in my remarks, we’re expecting sequential improvement with a higher mix of full price sales. We now expect reported revenue to be roughly flat versus prior year in the first half of fiscal ’21. Further, as we grow digital engagement and we retain a higher proportion of engaged members with increased buying frequency, we will be lowering customer acquisition costs, increasing our return on ad spend and changing the shape of our demand creation investment. And we’re also focused on fueling a constant cycle of new scalable distinct platforms. And in particular, I’m focused on how we will leverage consumer data and insights in our digital ecosystem to understand and serve consumers better and ultimately increase our competitive advantage. And in the Nike Running Club, we’ve seen four consecutive months of more than a 1 million downloads each month of our audio-guided runs. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. We also drove strong double-digit growth in contactable members. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. Read More: Most notably during the pandemic, we’ve seen an acceleration of share gains in US women’s and apparel, two areas of strategic focus. In Q1, we saw an all-time high of the percentage of our members working out on The Nike Training Club app, with more than 50% of our members worldwide starting to work out in Q1. Nike's fiscal second-quarter earnings and sales topped analysts' expectations, as the sneaker maker reported strong digital growth. As we accelerate the pace of investment, our technology foundation will enable us to unlock operating efficiency through automation and increased productivity across the organization. And then, I guess, as a follow-up. And so, we’re continuing to focus on the strategy and the shift because we think it’s the right thing to do long-term, and that’s where our focus and attention is going to be at this time. And that they lies in our own doors and they help to accelerate our own capabilities and by providing a clear line of sight to the inventory levels. But more than the financial results, it’s the continued strength of our brand, the response we’re seeing from consumers and our unique position to be able to capitalize on our potential that excites me even more. And while we’ve had tremendous success in digital and quickly pivoted to the accelerated consumer shift, I truly believe that NIKE is just scratching the surface of what’s possible. Our new store in Guangzhou is a data-powered store concept that curates a one-to-one personalized shopping journey. View original. 22 mins When Its Merger With EV Maker Canoo Closes, HCAC Stock Will Fly InvestorPlace 24 mins Dollar Thumped Seeking Alpha 25 mins FedEx, UPS Navigate Tight Capacity as Storm Impacts Deliveries TheStreet 27 mins Moderna Shares, Up 600% This Year, Limp … Coupled with the popularity, we saw for VaporMax 2020, we are seeing real consumer appetite for sustainability, especially with our youngest consumers. We’ve already deployed this automation in North America, Japan and EMEA and we’ll continue to scale these critical improvements further as delivery becomes increasingly important in consumer buying decisions. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. Thank you, operator. Find the latest Earnings Report Date for Nike, Inc. Common Stock (NKE) at Nasdaq.com. Greater China, EMEA, Japan and South Korea have already returned to growth. Nike Inc. (NKW) held their Q1 FY21 earnings conference call on September 22, 2020. Second, women’s outperformance versus men’s and a growing Jordan brand. Our whole product creation area — one of the people that is most excited about the opportunity to digitize is our Head of Design, John Hoke, and just how digital can really enhance not only the productivity, but also the creativity of our designers. Obviously, there are a number of factors that are outstanding that may create disruption over periods of time as we look at it. Take care. Nike Earnings. NIKE is staying on the offense and looking to extend our leadership position. Q1 2021 Nike, Inc. Earnings Conference call 09/22/2020 05:00 PM (EDT) NKE. Our latest film celebrates sport as a source of inspiration from Serena and Venus Williams and You Can’t Stop Sisters to a sport — a spot [Phonetic] celebrating Kobe Bryant who continues to inspire athletes all over the world on and off the court. Stocks. Revenue of $10.59 billion beat the $9.11 billion estimate. Our effective tax rate for the quarter was 11.5% compared to 12.4% for the same period last year, primarily due to benefits from stock-based compensation offset by a reserve for a discrete tax matter. Your line is open. Looking into the whole of its 2021 fiscal year, Nike said it sees revenues rising in the ... "Nike's (earnings… NIKE is poised to emerge from the current environment stronger and better positioned, with a sharper focus, a clearer view of our brand’s long-term future and with a team that is energized to compete and to win. Our engagement and membership metrics show incredible momentum. So, the ability to use AI and machine learning, digital demand sensing, insight gathering, digital marketing, membership personalization, even inventory optimization, I think we still got ample benefits and ample opportunity in the consumer-facing side of things. Thanks a lot for taking my question, and a nice job in the quarter in a very tough backdrop. And so, you hear the excitement in my voice. Nike (NKE) Q1 2020 Earnings Preview: North America, ... Nike’s Q1 2020 revenues are projected to jump 5% to hit $10.45 billion, ... with 2021 expected to come in 8.4% higher at $45.70 billion. Hello, everyone. And so, whether it is the manufacturing through supply chain and the automation opportunities that exists, whether it’s using robotics or other ways to improve the efficiency and effectiveness. First, strong digital growth and increasing member engagement. I guess, just the first question that I have really is on — if you could maybe spend a little bit more time on the gross margin performance and can you just give us the buckets in the various units, is there any quantification around the promotions, the supply chain, the full price selling? Nike Inc (NYSE:NKE) – Investment analysts at Wedbush issued their Q1 2021 EPS estimates for Nike in a report issued on Friday, June 12th. All right. I can tell you all 75,000 people here at NIKE love sport, love sport coming back and we’re cautiously optimistic that will continue till we get through this pandemic. Thanks, Matt. Demand creation expense was $677 million, down 33 percent due primarily to lower marketing spend as live sporting events were predominately postponed or cancelled, slightly offset by continued investments in digital marketing to support heightened digital demand. And so, those two factors in particular were large drivers of gross margin performance in the quarter. People are more engaged to sort of this movement toward health and fitness and wellness, which I think started when people being confined to their homes, we’re seeing it continue to accelerate. Revenues rose 19% year-over-year to $20.6 billion. And I’d just build on that, what Matt talked about last quarter, the real issues — the real story is data, right, the way data then infuses that with the Celect acquisition, where we’re able to forward deploy inventory to be able to predict demand reliably enough, where we can forward deploy inventory, so it’s within one to two day ground shipping to a large number of consumers across the country. Act 0.78 Est 0.59 Q3 2020 Nike Inc Earnings Call 03/24/2020 05:00 PM (EDT) NKE. The biggest of which related to factory PO cancellations, which we reinstated some supply due to the strong demand we were seeing in the quarter. You watch a game on TV and you want to go out for a run, right. And then maybe talk about how these benefits materialize in the model in coming quarters and years, what are some of the key metrics we should watch for the progress on that? And this is evident by our new and innovative retail concepts amplified by an elevated O2O consumer journey. The next question is from Michael Binetti with Credit Suisse. Nike beat analysts' revenue expectations for its first fiscal quarter by more than $1 billion Tuesday, signaling the sportswear giant is making a healthy comeback from the pandemic. With leadership from global sports icons like Naomi and NBA players like LeBron and Giannis, as well as the thousands of others who have stood up and spoken out, our athletes are having a profound impact on our society. In fact, we can thrive in this environment, thanks to our digital advantage and the full breadth of our global portfolio. For those teammates who’ve been impacted by evacuation orders, we’ve made additional benefits of support available and the NIKE Foundation has donated $1 million to provide relief efforts for the Oregon wildfires, focusing on both intermediate and longer-term needs. Year on a currency neutral basis and EBIT grew 14 % on a robust digital showdown well! 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