We start in our own channels and then amplify those experiences through partnerships. Nike (NKE) Q1 Earnings and Revenues Surpass Estimates . We're already seeing member checkout in our Guangzhou store significantly outpace the rest of the fleet. Is it really just a matter of scale? Revenues rose 5 … With that, we'll now open the call up for questions. Operator, maybe time for one more call. Looking over the next few seasons, our pipeline is set to fuel growth in our biggest businesses while also carving out new space for future opportunities. John Donahoe - … Most other industries saw the same product season after season. For instance, we reenergized the iconic Air Max 90 this year and it was one of the quarter's top growth drivers. Calendar Earnings Calls Earnings Transcripts SEC Docs. 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. Act 0.62 Est 0.659 Q4 2019 Nike Inc Earnings Call 06/27/2019 05:00 PM (EDT) NKE. I'll start on North America Apparel. For those who want to reference today's press release, you'll find it at http://investors.nike.com. With services, we're bringing real value to our member's lives consistently. We have continued our unmatched pace of launching innovative product, generating a continuous flow of brand moments that connect with consumers and open groundbreaking retail concepts as we unlock significant long-term opportunity in a very dynamic environment. In fact, the 270 Air Max React led to the largest gains in Footwear revenue for the quarter. Thanks. Returns as of 12/20/2020. Got it. Our innovation pipeline demonstrates both our strength as well as our endurance. 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? Do the numbers hold clues to what lies ahead for the stock? Accordingly, our projected currency-neutral growth and profitability are improving. A critical component to accelerating all of our opportunities is our ability to become smarter through our supply chain, and to do that, we're bringing science to the art of retail like never before. To be honest, we're excited about the long-term potential of the signature line. This incorporates our improved currency-neutral outlook being largely offset by the more intense FX headwinds of late associated with trade dynamics. The key to expanding our competitive edge continues to be our total commitment to the consumer through the Consumer Direct Offense. So, incredibly high level of excitement. Hello, everyone. In our key cities of Beijing and Shanghai, we serve a generation of digital-first consumers and we support their love of sport by helping to grow participation through grassroots programs. We want them to be able to move seamlessly from online to offline and easily find a product they want, when they want it, across the marketplace. That's more reflective of what we're doing from an operating perspective. The number in Q1 does compare unfavorably to some prior-year comps. Act 0.67 Est 0.624 Q1 2019 Nike Inc Earnings Call 09/25/2018 05:00 PM (EDT) NKE. The global shift toward more active lifestyles continues to accelerate, and demand for athletic product is high. Congrats on a great quarter. Following their prepared remarks, we will take your questions. We can navigate. What's even more important though is that we can see several strategic and financial benefits from accelerating our digital transformation. Gross margin decreased 90 basis points in Q1 versus the prior year as a result of impacts from COVID-19, including higher promotions to reduce excess inventory across the marketplace and higher supply chain costs. For example, we're studying the fit of our products to serve more body types with our successful plus-size line. I could not be more proud of them and we can't wait to show you what we're going to do next. Moving to our business results this quarter, we continue to demonstrate NIKE's full competitive advantage. We extended our lead in Europe in Q1 with the NIKE Brand rated the number-one favorite brand in all of our key cities, and our business growing at strong double-digit rates in London, Berlin, and Milan. As I said last quarter, fiscal '21 will continue to be a time of uncertainty because virus containment patterns around the world remain volatile. And again, our international geographies are higher margin geographies than North America, and our Nike Direct business is a higher-margin business than the wholesale business. You have very volatile actual spot rates. The impact of tariffs will be most pronounced in Q2. Matthew Friend — Executive Vice President and Chief Financial Officer. Mark Parker - Chairman, President and CEO. 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. Andy Muir — Vice President of Investor Relations. Andy Muir - VP, IR. But we're hopeful those are more transient impacts and that as we go forward and we get more certainty with respect to trade and some resolution that maybe we see things turn from a headwind into a tailwind. And at the same time, we create experiences and services that inspire and enable our members to keep pushing themselves further. And as always, we connect with consumers through the power of sport. 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. Share Buyback. Our engagement and membership metrics show incredible momentum. For example, we drove significant leverage in our demand creation spending versus prior year in the last few quarters, creating fewer but significantly more impactful brand campaigns. Participants may also make references to other non-public financial and statistical information and non-GAAP financial measures. And just last month, we acquired a new predictive analytics platform and team of data scientists through our acquisition of Celect. Hey. 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. 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. Nike Fit will include both the powered adaptive systems as well as non-powered hands-free systems, and that's incredibly exciting as we bring innovation to more -- make innovation more accessible to more people. One, the strategic transformation of NIKE continues to be the fuel for accelerating broad-based growth across our global portfolio. In Q1, we also drove an intentional decline in undifferentiated multi-brand wholesale. Hey, guys. 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. New innovation continues to resonate with our consumers, with key innovation platforms becoming an even bigger part of our mix in Q1. The acquisition of Celect accelerates our building of digital demand sensing capabilities by at least three-years. FY 2020 Q1 Earnings Release Conference Call Transcript September 24, 2019. Our focus, first and foremost, is on sustaining strong currency-neutral operating momentum over the full year and longer-term, but based on the volatile dynamics of late, I'll provide a bit of context on Q2. 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. 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. Obviously, there are a number of factors that are outstanding that may create disruption over periods of time as we look at it. And I should mention, I failed to mention one of our biggest, most successful partners here [Phonetic] is in China, and that's with Tmall, so a tremendous relationship there. Across the wider business, we stayed intensely focused on the apparel classifications that matter the most to the female athlete, bras and tights. We nonetheless expect gross margin expansion over the balance of the fiscal year, though of course not at the same level as we saw in Q1. NIKE, Inc. And I've never seen or been at NIKE during a period where there's such robust and strong innovation that's relevant to consumers across the portfolio. Nike's earnings call In the first quarter, Nike reported an EPS of $0.95 compared to $0.86 in the first quarter of fiscal 2020. Decreased earnings at Nova Scotia Power Inc. (“NSPI”) due to the impacts of COVID-19 on sales volumes, unfavourable weather in Q1 2020, a corporate … In Q1, NIKE Digital grew 42% on a currency neutral basis, driven by enhanced digital services, and the expansion of our app ecosystem internationally. Direct to consumer sales are expected to rise YOY. Some forward-looking statements may concern expectations of future revenue growth or gross margin. And here on the West Coast, we're continuing to deal with the wildfires that have hit Oregon, Washington and California. I wanted to ask my first question, another follow-up on North America. 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. Thank you, Andy, and hello to everyone on today's call. BEAVERTON, Ore., Sept. 24, 2019 - NIKE, Inc. 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