Let me briefly touch on each of these four themes. As always, it starts with product innovation. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. Sure, Kimberly. Coupled with the popularity, we saw for VaporMax 2020, we are seeing real consumer appetite for sustainability, especially with our youngest consumers. 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. Earnings. We are accelerating investments in capabilities and services that will create value for the consumer, while simultaneously accelerating productivity. Now, let’s turn to the details of our first quarter financial results and operating segment performance. 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. And then beyond that, where I think we still have huge opportunity is we now have one integrated technology roadmap and we’re applying that across our entire company end-to-end. In EMEA, Q1 revenue grew 5% on a currency neutral basis and EBIT grew 14% on a reported basis. You can see this in our market share gains across the NIKE and Jordan brands. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. 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. A quick clarification on the digital trends. Company Let me take a few minutes to walk through each of these points. 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 … I appreciated your comments, Matt, on the digital margins, obviously a very nice — I think you said 10 point higher gross margin than wholesale in your digital channel. Nike (NYSE: NKE) earnings for the athletic wear company’s fiscal first quarter of 2021 have NKE stock heading higher on Wednesday. And, Omar, on the second, how cool is it to be able on a weekend, to watch literally within hours NBA, NFL, MLB, NHL, college football, US Open Tennis, a major golf tournament. And last but not least, our sustainable footwear platform known as Space Hippie saw amazing sell-through in our highest heat innovation launch ever. 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. 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. Earnings per share reached $0.95, more than twice the $0.46 expectation. Over the past quarter, we continued to prove this out across four key areas. Welcome to Nike Inc’s Fiscal 2021 first quarter conference call. 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. And the nice thing about that is, in almost every case, you can define measurable benefits, whether it’s enhanced growth, deeper connection with consumers, or improved efficiency with automation and use of — intelligent use of technology. And what I’d say is that in North America, EMEA and APLA, we continue to deliver above or at 100% triple-digit growth in digital in the quarter. And the most obvious one right now is just the pandemic and the impact it has on consumer demand and consumption in the near-term. Wedbush analyst C. Svezia anticipates that the footwear maker will earn $0.58 per share for the quarter. Obviously, right now, we’re in the middle of a quite an uncertain moment and pandemic. Is it just building out more fulfillment options like the one you have on the West Coast or are you now at the point where you can start to leverage some of those investments behind data and RFID? Moving to our business results this quarter, we continue to demonstrate NIKE’s full competitive advantage. But I would also want to highlight that the strategy and the focus on shifting the marketplace exiting on differentiated wholesale distribution and focusing on our direct business and our strategic partners drove higher full price realization as well in both of those markets in the quarter, which also fueled our gross margin. According to Piper Sandler analysts, Nike, Inc. (NYSE: NKE) is now expected to announce $0.54 as earnings per share for the 1 st quarter of 2021 as per their report issued on the 14 th of December. Nike (NKE) delivered earnings and revenue surprises of 97.92% and 15.49%, respectively, for the quarter ended August 2020. And at the same time, we create experiences and services that inspire and enable our members to keep pushing themselves further. Is it really just a matter of scale? 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. 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. We’re already seeing member checkout in our Guangzhou store significantly outpace the rest of the fleet. The results was high single-digit growth in differentiated wholesale, offset by a decline of over 20% in undifferentiated wholesale, all with a higher full price realization versus the prior year. We can navigate. Second, we are accelerating investments in capabilities and services that will create value for the consumer, while simultaneously accelerating productivity. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. 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 Thank you, operator. 15 hours Scholastic Corporation 2021 Q2 – Results – Earnings Call Presentation Seeking Alpha 16 hours Worthington Industries, Inc. (WOR) CEO Andy Rose on Q2 2021 Results – Earnings Call Transcript Seeking Alpha 17 hours Jabil Inc. (JBL) Q1 2021 Earnings Call Transcript – … 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. So, Jim, in the quarter, we continued to rollout RFID across both our supply chain and our stores. We are reducing excess inventory at lower promotional levels relative to the overall marketplace, highlighting the strength of our brand and the value of our key product franchises, and we ended Q1 in a net cash position, generating positive free cash flow and increasing our liquidity to over $13 billion. NIKE strengths amid these evolving conditions help keep us in the lead. As you look at North America, John, as you’ve gotten into the business and had a chance to kind of think about the different regions, the sales growth in North America has been very strong for a couple of years gathering few billion dollars over the last few years, but the margins have been fairly stagnant there, despite the brand being very strong, obviously, gaining momentum. 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. NIKE's (NKE) first-quarter fiscal 2021 results beat expectations on a robust digital showdown as well as strength across all regions. 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? I guess, looking at the North America and maybe — I mean, EMEA EBIT dollar growth significantly outpacing revenue growth in those markets. NIKE, Inc. (NYSE: NKE) Q1 2021 Results Earnings Conference Call September 22, 2020 5:00 PM ET. At the same time, we are managing our business to deliver financial results that will set a strong foundation for growth and profitability in fiscal year ’22 and beyond. Thank you, Matt. Personally, one of the things I am most thrilled about is the return to organized sport. Matthew Friend — Executive Vice President and Chief Financial Officer. And, of course, we remain focused on increasing member engagement to unlock value for both NIKE and our consumers. Obviously, there are a number of factors that are outstanding that may create disruption over periods of time as we look at it. First, NIKE is recovering faster, fueled by brand momentum and our relentless focus on execution. 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. Estimates: Nike earnings per share are seen collapsing 97% to 2 cents, according to Zacks Investment Research.Revenue is seen … Revenue of $10.59B (-0.62% Y/Y) beats by $1.45B. 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. For example, we’re seeing almost 200% growth in demand for our Nike commerce app, with triple-digit growth in monthly active users. At the same time, we are focused on amplifying our brand impact. NIKE Inc. NKE swings to post better-than-expected top and bottom lines for first-quarter fiscal 2021 on robust growth in digital business despite soft retail traffic and wholesale revenues. Thanks very much. And we’re also focused on fueling a constant cycle of new scalable distinct platforms. 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. Nike shares soared 13% in extended trading Tuesday as the company reported an 82% increase in online sales and offered up an outlook that calls for demand to grow through the holidays.The company has used the coronavirus pandemic as an opportunity to accelerate its digital business, and its women's apparel division grew nearly 200%. In fact, there was a day earlier this month when you could watch the NBA, NFL, Major League Baseball, WNBA, NHL, tennis, US Open, a golf tournament and about six different global football leagues all taking place within the same 24 hours. Here's what analysts are estimating as well as its stock performance. Some forward-looking statements may concern expectations of future revenue growth or gross margin. And finally, we will manage digital transformation within our SG&A guardrails. Earning Call Audio. I’ll go a little deeper in one, just as an example. 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: Your line is open. 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. Our gross margin outlook will continue to be a function of prioritizing a return to normalized inventory levels by the end of Q2. Thank you. Simply put, scale matters and NIKE leads and we will continue to lead in this space for all the reasons I’ve already mentioned. Thank you, Andy, and hello to everyone on today’s call. Second, the power of the NIKE brand continues to be felt all over the world. 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. As we look ahead to Q2, Bob, our margin will continue to be a function of supply and demand management because our top priority is to normalize inventory by the end of the second quarter. Way to go. With that, we’ll now open the call up for questions. 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. To the extent, non-public financial and statistical information is discussed, presentations of comparable GAAP measures and quantitative reconciliations will be made available at NIKE’s website, http://investors.nike.com. Sure, Bob. However, despite a majority of stores open in the quarter, we continue to experience year-over-year declines in physical retail traffic across the marketplace due to COVID-19 impacts and safety related measures, offset partially by higher conversion rates. 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, October 6, 2020. This is significant for us as it speaks to the increasing consumer adoption of our apps. Our next question is from Kimberly Greenberger with Morgan Stanley. So, I’m wondering, as you think about the business from here, Matt, you talked a lot about continuing to invest, are there particular areas where you feel like you need to invest further? Following their prepared remarks, we will take your questions. No. And as we look to the Tokyo Olympics next summer, NIKE remains in unique position to serve our consumers and feel their passion for sport. 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