nike earnings 2020

Digital volume jumped 82% last quarter to make up about 30% of the total business. 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. Investors that are interested in participating in the company's conference call can do so using this link. The Beaverton, Ore.-based athletic apparel and accessories group revealed quarterly earnings Friday afternoon, improving on both top and bottom lines, led by strength online and in China. “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 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! Privacy Policy and Net income plunged by 23% to $847 million or $0.53 per share. ET First Published: Dec. 18, 2020 at 4:32 p.m. 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. 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. Donahoe told investors back in September that Nike was laying the groundwork for a return to robust sales growth in late fiscal 2021, in part by focusing on high-demand products and raising its pace of footwear launches. 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. NIKE, Inc. (NYSE: NKE) plans to release its fourth quarter fiscal 2020 financial results on Thursday, June 25, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Revenue increased to $10.3 billion in the second quarter, up 10 percent on a reported basis and up 13 percent on a currency-neutral basis*, driven by strong growth across all geographies. Nike (NKE) delivered earnings and revenue surprises of 23.81% and 6.54%, respectively, for the quarter ended November 2020. These moves already appeared to be lifting sales and helping the company charge full price for its merchandise last quarter. Rival lululelmon athletica generates over 60% of its revenue from e-commerce, and that gap between the two companies underscores the potential for Nike to post years of rising profit margins as more of its business shifts away from the wholesale segment toward direct-to-consumer sales. Revenue … NIKE annual/quarterly revenue history and growth rate from 2006 to 2020. Nike Inc. reported a 23% dip in earnings for the third quarter of 2020 due to a transition charge of Brazil, Argentina, Chile and Uruguay businesses to a strategic distributor model as well as Covid-19 outbreak.The top line exceeded analysts’ expectations while the bottom line missed consensus estimates. Shares shot up more than 5 percent in after-hours trading as a result. NIKE, Inc. (NYSE: NKE) plans to release its third quarter fiscal 2020 financial results on Tuesday, March 24, 2020, at approximately 1:15 p.m. PT, fol AP. #TradeTalks: The Good and Bad News the Market Is Bracing for as 2020 Comes to a Close, 3 Psychedelic Stocks to Invest In the Future of Medicine, Why The Market Is Moving Lower Despite Vaccine, and What Investors Should Expect, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? Nike (NYSE: NKE) wants you to call it a comeback. We'll find out on Friday whether the outlook for these metrics improved significantly over the last few months. That's just one reason why investors will be watching the sportswear giant's upcoming quarterly announcement set for Dec. 18. 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. 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. 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. Nike stock heads toward record after earnings show a return to sales growth Last Updated: Dec. 19, 2020 at 9:38 a.m. “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. Video Transcript. '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. By subscribing, you agree to our These symbols will be available throughout the site during your session. @/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]\. “Digital is now woven into everything we do as a company.”. © Copyright 2020  -  Penske Media Corporation. NKE shares have doubled the … Nike shares popping after hours following its fiscal Q2 earnings report. #TradeTalks: Retail Trends – Who Is Trading and What They Are Trading? 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 stock was on watch ahead of Nike's earnings report after the bell Friday, unusual … Nike Earnings. Nike raises full-year sales forecast, posts surprise earnings growth. 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. 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. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. Get all the top news stories and alerts straight to your inbox. Yet another hint that Nike is about to post a return to growth came in with its announcement in November that the company would increase its dividend payment 12%. Nike shares hit a record high Friday before reversing lower. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Friday, December 11, 2020 | MarketBeat NIKE (NYSE:NKE) is scheduled to post its quarterly earnings results after the market closes on Friday, December 18th. That’s on top of $1.5 billion in profits the previous quarter. Estimates: Nike earnings per share are seen collapsing 97% to 2 cents, according to Zacks Investment Research.Revenue is seen … 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 NKE Chart by TradingView Nike's revenue trends likely enjoyed other tailwinds, such as rising traffic on its digital shopping platforms and steadily improving sales at reopened stores. 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. “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. The lower costs boosted profitability. Nike jumped as much as 12% on Wednesday after the sportswear giant trounced expectations for fiscal first-quarter earnings and sales. ET Related Gallery Bright spots during the most recent quarter included the China business, where revenues grew 24 percent year-over-year, and the company’s e-commerce business, which surged 84 percent. 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. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. In November, Nike. “The consumer shift to digital is permanent,” Donahoe said. Nike's first quarter performance was driven by strong sales growth in Nike's digital channels. 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. Analysts expect NIKE to post earnings of $0.62 per share for the quarter. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. NIKE annual and quarterly earnings per share history from 2006 to 2020. Nike’s earnings between May 2019 and May 2020 is estimated at a total of $37.4 billion. (Below is Investopedia's original earnings preview, published September 21, 2020… 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. But management's outlook for the second half of the fiscal year should include the prospect for steadily rising gross margin, which will amplify earnings growth. The fiscal second quarter runs from September through November, a period that included the resumption of many live sporting events around the world. Nike (NKE Fast QuoteNKE - Free Report) got here out with quarterly earnings of $0.78 per share, beating the Zacks. SEANA SMITH: I want to take a look at Nike because shares are … That's right -- they think these 10 stocks are even better buys. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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 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 big question for investors this week is whether Nike stands by that timeline on Friday. US IPO Week Ahead: The IPO market makes a holiday WISH in a 6 IPO week, Assessing Airbnb's (ABNB) Post-IPO Valuation, #TradeTalks: A Recap of 2020 Trade and What to Watch Heading Into 2021, #TradeTalks: #2021Outlook on the Housing and Real Estate Market. The Motley Fool recommends Lululemon Athletica. Shares of Nike, which closed down 2.29 percent to $137.28 a piece Friday, are up 35.7 percent year-over-year. The Motley Fool owns shares of and recommends Nike. That strategy includes total company revenues of more than $11.2 billion, compared with $10.3 billion the same time last year. ... By 2020, it's predicted to blast through the roof to $77.6 billion. This is an 11.43% increase over earnings of 70 cents per share from the same period last year. Shares are up 6.2% since reporting last quarter Nike delivers innovative products, experiences and services to inspire athletes. The Motley Fool has a disclosure policy. https://www.nasdaq.com/articles/nike-earnings:-what-to-watch-2020-12-15 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, 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. As of Friday, more than 90 percent of Nike’s company-owned stores are open, some with reduced operating hours. CEO John Donahoe said at the time that the boost reflected management's confidence in the company's growth and profit potential. Create your Watchlist to save your favorite quotes on Nasdaq.com. Enter up to 25 symbols separated by spaces. 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