I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. 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. “With healthy inventory positions across all geographies, our return to growth is a testament to our digital strength, as well as our disciplined marketplace and financial management,” Matt Friend, executive vice president and chief financial officer of Nike, said in a statement. #TradeTalks: Retail Trends – Who Is Trading and What They Are Trading? In fiscal 2020, the Company returned $4.5 billion to shareholders, including: Dividends of $1.5 billion, compared with $1.3 billion in fiscal 2019, reflecting a lower share count offset by an 11 percent increase in the dividend per share. The stock was on watch ahead of Nike's earnings report after the bell Friday, unusual … BEAVERTON, Ore., Dec. 19, 2019 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. Nike Earnings. Revenue … Nike (NYSE: NKE) wants you to call it a comeback. 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. NKE shares have doubled the … We'll find out on Friday whether the outlook for these metrics improved significantly over the last few months. 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. Nike Inc. reported a 23% dip in earnings for the third quarter of 2020 due to a transition charge of Brazil, Argentina, Chile and Uruguay businesses to a strategic distributor model as well as Covid-19 outbreak.The top line exceeded analysts’ expectations while the bottom line missed consensus estimates. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Nike's revenue trends likely enjoyed other tailwinds, such as rising traffic on its digital shopping platforms and steadily improving sales at reopened stores. That report included a quick return to growth in places like Europe and China, although revenue still ticked down in the core U.S. division while profitability declined. The sportswear giant, and other athletic brands, have done well during the pandemic as consumers snap up leisurewear and workout gear. 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. Shares of Nike, which closed down 2.29 percent to $137.28 a piece Friday, are up 35.7 percent year-over-year. “As we look ahead, we are focused on moving even faster against our strategic vision of consumer direct acceleration and fueling sustainable, long-term growth and profitability.”, View Gallery For the three-month period ended Nov. 30, Nike reported net income of $1.25 billion, or 78 cents per share, up from $1.12 billion, or 70 cents a share, a year earlier. '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 stock heads toward record after earnings show a return to sales growth Last Updated: Dec. 19, 2020 at 9:38 a.m. 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 $135 million in investments in digital and restructuring-related costs. That's right -- they think these 10 stocks are even better buys. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Nike wasn't one of them! )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html Most consumer discretionary companies are seeing big shifts toward their online platforms, and Nike is no exception. NKE Chart by TradingView Nike on Friday reported quarterly sales and earnings that topped analysts' estimates, driven by triple-digit growth online in North America and strong demand for its sneakers and workout apparel from Chinese consumers.It was able to cut expenses as it spent less in marketing during sporting events due to the pandemic. Yes! Nike shares popping after hours following its fiscal Q2 earnings report. 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. The Motley Fool recommends Lululemon Athletica. Investors that are interested in participating in the company's conference call can do so using this link. Please fill out this field with valid email address. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. Nike NKE reported quarterly earnings of 78 cents per share on Friday, which beat the analyst consensus estimate of 62 cents by 25.81%. Get all the top news stories and alerts straight to your inbox. NIKE has a Zacks Rank #3 and an Earnings ESP of -7.02%. © 2020, Nasdaq, Inc. All Rights Reserved. Shares shot up more than 5 percent in after-hours trading as a result. “Fueled by compelling innovative product and global brand momentum, we continue to extend our leadership. CEO John Donahoe said at the time that the boost reflected management's confidence in the company's growth and profit potential. These moves already appeared to be lifting sales and helping the company charge full price for its merchandise last quarter. Do the numbers hold clues to what lies ahead for the stock? They Are Wearing: Snow Day Style in New York City. Nike raises full-year sales forecast, posts surprise earnings growth. @/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]\. Video Transcript. © Copyright 2020  -  Penske Media Corporation. 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. 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