Retail traffic continues to improve week-over-week with higher conversion rates as compared to the prior year.**. Women's Running Shoe. Our fourth quarter results were significantly impacted by physical store closures across North America, EMEA and APLA, where 90 percent of NIKE-owned stores were closed for roughly eight weeks in the quarter to protect the health and safety of teammates and consumers and help slow the spread of the COVID-19 pandemic. Revenue grew 9% year over year to hit $11.24 billion, up from $10.33 billion a year ago. Sales at the Converse brand, which is owned by Nike, fell 1% during the second quarter. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http:// investors.nike.com. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 25, 2020, to review fiscal fourth quarter and full year results. Greater China revenues increased 8 percent, or 11 percent on a currency-neutral basis, marking its sixth consecutive year of double-digit growth on a currency-neutral basis. Beat the rush and find great gifts with the Nike Black Friday collection, featuring the season's latest shoes and gear. In North America, EMEA and APLA, approximately 90 percent of physical owned stores were closed during the fourth quarter with stores gradually reopening at different paces in each country beginning in mid-May. Source: TY Lim / Shutterstock.com When Nike reported a rare, adjusted loss of 51 cents per share at … 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. Sign up for free newsletters and get more CNBC delivered to your inbox. That was better than the $10.56 billion expected by analysts. In the Greater China region, Nike's revenue grew 24%, compared with year-over-year growth of just 1% in North America. "These are times when strong brands get stronger," Chief Executive John Donahoe said during an earnings conference call. Free Shipping on eligible items. Nike is known to keep its Black Friday sales relatively secret and short. Direct-to-consumer sales were up 32% and digital sales were up 84%. "Permanent shifts toward digital, athletic wear, and health and wellness, continue to offer us incredible opportunity.". Company Its shares jumped more than 5% in after-hours trading. "We're going to be more aggressive in adjusting our plans," with wholesalers, Donahoe said Friday. NIKE has a strong track record of investing to fuel growth and consistently increasing returns to shareholders through dividends and share repurchases including 18 consecutive years of increasing dividend payouts. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. Free delivery and returns on select orders. Investors. Nike shares hit all-time high as new products drive sales, earnings top expectations Published Tue, Sep 24 2019 4:19 PM EDT Updated Tue, Sep 24 2019 6:07 PM EDT Lauren Thomas … Then follow this link to the homepage to check for any current … Nike delivers innovative products, experiences and services to inspire athletes. The Nike Black Friday Sale 2020 is far from picked-over—with the infinite scroll to prove it. "We think we're better-positioned at this point to manage through the uncertainty probably than we were prior to the pandemic," CFO Matt Friend said. Get this delivered to your inbox, and more info about our products and services. Earnings per share: 78 cents vs. 62 cents, expected, Revenue: $11.24 billion vs. $10.56 billion, expected. © 2020 CNBC LLC. During the quarter, we made significant investments to provide employee pay continuity and committed over $25 million to support communities impacted by COVID-19 among other COVID-19 response efforts. Nike has revealed it plans a double-digit increase in its quarterly dividend as it forecasts a sales bounce due to the Covid-19 pandemic. Nike's fiscal second-quarter earnings and sales topped analysts' expectations, as the sneaker maker reported strong digital growth. Revenues rose 5 percent on a reported basis and 7 percent on a currency-neutral basis*; Digital sales … Download the PDF of the FY20 Q4 Press Release and Schedules. Nike’s second-quarter results delivered a 9% increase over last year. Want to get Nike coupon codes and sales as soon as they're released? In fiscal 2020, the Company returned $4.5 billion to shareholders, including: As of May 31, 2020, a total of 45.2 million shares had been repurchased for approximately $4.0 billion, resulting in approximately $11 billion in remaining capacity under the 2018 share repurchase program. ** The marked paragraph contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Nike Inc. gained in late trading after second-quarter revenue and profit topped Wall Street’s expectations, bolstered by e-commerce sales and rebounding growth in China. The conference call will be broadcast live via webcast and can be accessed at http://investors.nike.com. 1 Colour ₱3,149 ₱4,195. The benefit is 4, 6, or 12 pairs per year for just $20, $30, or $50 per month. 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: For the fiscal year, Greater China revenues increased 8 percent, or 11 percent on a currency-neutral basis, marking its sixth consecutive year of double-digit currency-neutral growth despite the headwinds from COVID-19 in the second half of the year. Fourth quarter reported revenues were $6.3 billion, declining from prior year as the majority of NIKE-owned and partner stores in North America, EMEA and APLA were closed due to the COVID-19 pandemic. Ninety percent of Nike's stores are currently open, though some are operating on reduced hours. Find Sale at Nike.com. Nike lost $790 million, or 51 cents a share, in the fourth quarter, contrasting with earnings of $989 million, or 62 cents a share, in the year-ago quarter. This year, the sale was announced on Thanksgiving and will run until 11/28. Adidas and Vans have also shown a positive turn in trends. Giannis Nike … Online sales for the Nike brand were up 84% during the period. Strong sales during Alibaba's Single's Day in China, and Black Friday in the U.S., also helped it barrel into the holidays with tighter inventories, reducing the need for discounting. Data is a real-time snapshot *Data is delayed at least 15 minutes. A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Nike sales beat analysts' estimates, but earnings fall, hurt by coronavirus pandemic Published Tue, Mar 24 2020 4:42 PM EDT Updated Wed, Mar 25 2020 7:36 AM EDT Lauren Thomas … As we continue to reopen retail stores and increase distribution center activity, we remain focused on prioritizing the health of our teammates and consumers and have taken proactive steps to help ensure a safe environment. * See additional information in the accompanying Divisional Revenues table or the Supplemental NIKE Brand Revenue table regarding this non-GAAP financial measure. All Rights Reserved. BEAVERTON, Ore., Mar. Nike Reports Profit Loss of $790 Million in Q4 and a Year-Over-Year Sales Decline of 38% (46% in U.S.)… Posted on June 26, 2020 by Sundance There is a lot of weird financial data in/around Nike … In Greater China, nearly 100 percent of NIKE-owned stores are open. Still, foot traffic at Nike's stores in North America, Europe and Latin America remains down year-over-year due, in part, to social distancing measures, the company said. They will benefit just as much from Nike codes combined with the sales you love, which make that extra difference. The company has a market cap of $215.5 billion. NIKE digital sales increased 75 percent in the fourth quarter, or 79 percent on a currency- neutral basis*, with strong double-digit increases across all geographies and was approximately 30 percent of total revenue. Now add the kid-specific savings. Visit your local Foot Locker at 169 Market Street in Newark, NJ to get the latest sneaker drops and freshest finds on brands like adidas, Champion, Nike, and more. 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, July 11, 2020. Shop our collection of women's clearance sale Nike clothing to get the best styles and deals with free shipping and curbside pickup available! Skip to content. Choose from many Nike … In fiscal 2020, digital sales increased 47 percent, or 49 percent on a currency-neutral basis, with all geographies growing strong double-digits. "We've learned so much over the last nine months.". To give you a head start on shopping, we rounded up 17 of the best deals to add to cart, below. For the Nike brand, footwear sales fell 35%, apparel was down 42% and equipment revenue tumbled 53%, as sports and many recreational … Here's how the company did during its fiscal second quarter, compared with what analysts were expecting, based on Refinitiv data: 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. Nike said its digital sales for its namesake brand were up 84% during the quarter, as more shoppers visited its website during the pandemic to buy athletic apparel and footwear to keep up their fitness routines and personal health. Other apparel retailers, particularly those centered around work wear and dresses, have struggled through the crisis. Consider a subscription with the Adventure Club. Sale Nike Promo Codes, Coupons & Sales | Week Of December 14, 2020. Individuals can also visit http://news.nike.com and follow @NIKE. But customers who are venturing out to stores are more likely to buy, boosting overall conversion rates. Now trading at over $97 per share, Nike is on track to start posting growth for 2020. Over the summer, it opened a new kind of store, called Nike Rise, at a mall in Guangzhou, which holds local meetups for its mobile-app users. Donahoe said Nike's profit outlook is improving, too, as it plans for less discounting in the coming quarters. That helped to offset declines at its wholesale partners, the company said, and in its own brick-and-mortar stores, with fewer people feeling comfortable leaving their homes to shop due to the global health crisis. But customers who are venturing out to stores are open share: 78 cents vs. 62 cents expected. Apparel and accessories Sale 2020 is far from picked-over—with the infinite scroll to prove.! Rang up over half a billion dollars in online sales during Singles Day, which owned! 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