Revenue increased to $10.3 billion in the second quarter, up 10 percent on a reported basis and up 13 percent on a currency-neutral basis*, driven by strong growth across all geographies. Nike raises full-year sales forecast, posts surprise earnings growth. Dow Jones Down 150 Points as Apple Stock Slumps, Market Awaits Nike Earnings Apple may be gaining market share in China, and Nike will report results this afternoon. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. NKE Chart by TradingView The Motley Fool owns shares of and recommends Nike. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Nike wasn't one of them! Nike stock heads toward record after earnings show a return to sales growth Last Updated: Dec. 19, 2020 at 9:38 a.m. The company reported quarterly sales of $11.20 billion, which beat the analyst consensus estimate of $10.56 billion by 6%. The stock was on watch ahead of Nike's earnings report after the bell Friday, unusual … These moves already appeared to be lifting sales and helping the company charge full price for its merchandise last quarter. The sportswear giant, and other athletic brands, have done well during the pandemic as consumers snap up leisurewear and workout gear. The strength online helped offset declines in the company’s wholesale business and Nike stores, many of which had reduced foot traffic as coronavirus cases continue to rise around the nation. “Digital is now woven into everything we do as a company.”. Nike was also the number-one sports brand on Tmall during last month’s Singles’ Day, helping attract more than 4 million new members and half a billion dollars in digital demand. Analysts are expecting Nike to report second-quarter earnings per share of 62 cents on revenue of $10.54 billion, up 2.1% from a year ago. “The net result of this should manifest in incremental market share gains for Nike, further distancing it from the competition.”. By subscribing, you agree to our NKE shares have doubled the … Revenue … Nike logged $1.2 billion in profits for the three-month period ending Nov. 30 as a result, up from $1.1 billion a year ago. © Copyright 2020  -  Penske Media Corporation. Enter up to 25 symbols separated by spaces. Shares shot up more than 5 percent in after-hours trading as a result. Investors that are interested in participating in the company's conference call can do so using this link. That strategy includes total company revenues of more than $11.2 billion, compared with $10.3 billion the same time last year. 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's first quarter performance was driven by strong sales growth in Nike's digital channels. Nike reports second-quarter earnings. Three months ago, the apparel giant posted encouraging fiscal first-quarter results that showed a near-complete rebound following the sharp declines investors endured during COVID-19 retailing shutdowns. “We believe Nike is best equipped to manage through the COVID-19 crisis with no damage to its brand equity and with an eye toward returning to a healthy pull market environment in nine to 12 months, just in time for key sporting events to resume,” Camilo Lyon, an analyst at BTIG, wrote in a note. Most consumer discretionary companies are seeing big shifts toward their online platforms, and Nike is no exception. Nike was also the number-one sports brand on, The strength online helped offset declines in the company’s wholesale business and Nike stores, many of which had reduced foot traffic as, Operating expenses rose 4 percent during the quarter to $2.5 billion, driven by about $135 million in investments in digital and restructuring-related costs. As revealed by the company’s Quarterly fiscal report for the Second Quarter of 2020, Nike recorded a $2 billion decrease from its previous year’s earnings. Estimates: Nike earnings per share are seen collapsing 97% to 2 cents, according to Zacks Investment Research.Revenue is seen … NIKE, Inc. (NYSE: NKE) plans to release its third quarter fiscal 2020 financial results on Tuesday, March 24, 2020, at approximately 1:15 p.m. PT, fol It's likely that the U.S. slump ended over the next several months, allowing Nike to post rising global sales for the first time since its fiscal third-quarter report in late March. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. The Motley Fool has a disclosure policy. Analysts expect NIKE to post earnings of $0.62 per share for the quarter. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. AP. Donahoe pointed out on Friday evening’s conference call with analysts that last quarter was the company’s third straight quarter of roughly 80 percent digital growth. “The consumer shift to digital is permanent,” Donahoe said. #TradeTalks: Retail Trends – Who Is Trading and What They Are Trading? Overall, analysts are predicting that sales will rise 2% year over year this quarter compared to last quarter's 1% drop and the prior period's 38% slump. Digital volume jumped 82% last quarter to make up about 30% of the total business. Nike shares popping after hours following its fiscal Q2 earnings report. This is an 11.43% increase over earnings of 70 cents per share from the same period last year. ... By 2020, it's predicted to blast through the roof to $77.6 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. 'We Need an Exit Strategy,' London Retailers Tell British Government, As Technologies Evolve, Opportunities Abound for Beauty Brands, Jenna Lyons on Her LoveSeen False Eyelashes, upped its planned job cuts from 500 to 700 people, Philipp Plein Outspoken on Changes in Fashion, Company Adjustments. Nike’s earnings between May 2019 and May 2020 is estimated at a total of $37.4 billion. Investors won't see much progress on that score in this report, because Nike had to work through some short-term inventory challenges related to COVID-19. Bright spots during the most recent quarter included the, Donahoe pointed out on Friday evening’s conference call with analysts that last quarter was the company’s third straight quarter of roughly 80 percent digital growth. In November, Nike. (Below is Investopedia's original earnings preview, published September 21, 2020… “Nike’s strong results during a dynamic environment show the power of staying on the offense,” said John Donahoe, president and chief executive officer of Nike. Yes! SEANA SMITH: I want to take a look at Nike because shares are … Create your Watchlist to save your favorite quotes on Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. NIKE annual and quarterly earnings per share history from 2006 to 2020. Nike's earnings plunge $1.8 billion as stores reopen from coronavirus shutdown June 26, 2020 / 11:27 AM / AP Retail stores face uphill battle during pandemic @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Shares of Nike, which closed down 2.29 percent to $137.28 a piece Friday, are up 35.7 percent year-over-year. © 2020, Nasdaq, Inc. All Rights Reserved. Operating expenses rose 4 percent during the quarter to $2.5 billion, driven by about $135 million in investments in digital and restructuring-related costs. Nike (NYSE: NKE) wants you to call it a comeback. ET Net income plunged by 23% to $847 million or $0.53 per share. Nike (NKE) reports earnings on 12/18/2020 and is expected to beat estimates with an Earnings Whisper number of $0.72. Nike Earnings on Friday with an Eye on Guidance, ... which seems bad enough until you note that the sector’s companies are expected to post earnings losses of 107% in 2020. Privacy Policy and )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons ='submit-button'); for(var i=0;i