By subscribing, you agree to our AP. NIKE annual and quarterly earnings per share history from 2006 to 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. 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. Nike's first quarter performance was driven by strong sales growth in Nike's digital channels. 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. Nike (NKE Fast QuoteNKE - Free Report) got here out with quarterly earnings of $0.78 per share, beating the Zacks. #TradeTalks: Retail Trends – Who Is Trading and What They Are Trading? The stock was on watch ahead of Nike's earnings report after the bell Friday, unusual … “The consumer shift to digital is permanent,” Donahoe said. ... By 2020, it's predicted to blast through the roof to $77.6 billion. Stocks Poised to Beat Earnings Estimates. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. 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. Enter up to 25 symbols separated by spaces. 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 stock heads toward record after earnings show a return to sales growth Last Updated: Dec. 19, 2020 at 9:38 a.m. That's right -- they think these 10 stocks are even better buys. The Motley Fool has a disclosure policy. © 2020, Nasdaq, Inc. All Rights Reserved. As of Friday, more than 90 percent of Nike’s company-owned stores are open, some with reduced operating hours. 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! 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. The lower costs boosted profitability. 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 jumped as much as 12% on Wednesday after the sportswear giant trounced expectations for fiscal first-quarter earnings and sales. Shares are up 6.2% since reporting last quarter Nike (NYSE: NKE) wants you to call it a comeback. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nike Earnings. Do the numbers hold clues to what lies ahead for the stock? “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 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. 10 stocks we like better than NikeWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. In November, Nike. Nike (NKE) reports earnings on 12/18/2020 and is expected to beat estimates with an Earnings Whisper number of $0.72. But even if executives sound a cautious note due to COVID-19 and risks around global economic growth, the odds are good that Nike will post a return to sales growth this quarter with a march toward record-high gross profit margin likely just getting started. ET 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. In November, Nike upped its planned job cuts from 500 to 700 people in the Portland, Ore., headquarters. This is an 11.43% increase over earnings of 70 cents per share from the same period last year. That strategy includes total company revenues of more than $11.2 billion, compared with $10.3 billion the same time last year. Nike raises full-year sales forecast, ... Dec 20, 2020. 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 net result of this should manifest in incremental market share gains for Nike, further distancing it from the competition.”. 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. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Operating expenses rose 4 percent during the quarter to $2.5 billion, driven by about $135 million in investments in digital and restructuring-related costs. But management's outlook for the second half of the fiscal year should include the prospect for steadily rising gross margin, which will amplify earnings growth. Nike Earnings on Friday with an Eye on Guidance, ... which seems bad enough until you note that the sector’s companies are expected to post earnings losses of 107% in 2020. 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Nike NKE reported quarterly earnings of 78 cents per share on Friday, which beat the analyst consensus estimate of 62 cents by 25.81%. The Beaverton, Ore.-based athletic apparel and accessories group revealed quarterly earnings Friday afternoon, improving on both top and bottom lines, led by strength online and in China. Nike shares hit a record high Friday before reversing lower. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. #TradeTalks: The Good and Bad News the Market Is Bracing for as 2020 Comes to a Close, 3 Psychedelic Stocks to Invest In the Future of Medicine, Why The Market Is Moving Lower Despite Vaccine, and What Investors Should Expect, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][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])? '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. Estimates: Nike earnings per share are seen collapsing 97% to 2 cents, according to Zacks Investment Research.Revenue is seen … “Fueled by compelling innovative product and global brand momentum, we continue to extend our leadership. We'll find out on Friday whether the outlook for these metrics improved significantly over the last few months. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. 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. Digital volume jumped 82% last quarter to make up about 30% of the total business. 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. 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. 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. Nike raises full-year sales forecast, posts surprise earnings growth. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The Motley Fool owns shares of and recommends Nike. 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. 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. Please fill out this field with valid email address. 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. )+[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
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