nike earnings 2020

Nike (NKE Fast QuoteNKE - Free Report) got here out with quarterly earnings of $0.78 per share, beating the Zacks. “The net result of this should manifest in incremental market share gains for Nike, further distancing it from the competition.”. Nike ended the quarter with $8.6 billion in cash and equivalents and $9.4 billion in long-term debt. 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html Dec 11, 2020 7:01PM EST Nike NKE is set to release its second quarter fiscal 2021 financial results on Friday, December 18. 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%. 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. Nike Earnings. The fiscal second quarter runs from September through November, a period that included the resumption of many live sporting events around the world. NKE Chart by TradingView Digital volume jumped 82% last quarter to make up about 30% of the total business. Investors that are interested in participating in the company's conference call can do so using this link. ET First Published: Dec. 18, 2020 at 4:32 p.m. 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. 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%. 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. BEAVERTON, Ore., Dec. 19, 2019 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. “Fueled by compelling innovative product and global brand momentum, we continue to extend our leadership. Get all the top news stories and alerts straight to your inbox. The sportswear giant, and other athletic brands, have done well during the pandemic as consumers snap up leisurewear and workout gear. Create your Watchlist to save your favorite quotes on Nasdaq.com. The lower costs boosted profitability. Shares shot up more than 5 percent in after-hours trading as a result. 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 ? Nike jumped as much as 12% on Wednesday after the sportswear giant trounced expectations for fiscal first-quarter earnings and sales. *Stock Advisor returns as of November 20, 2020. Nike delivers innovative products, experiences and services to inspire athletes. (Below is Investopedia's original earnings preview, published September 21, 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. 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 Privacy Policy and 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 strategy includes total company revenues of more than $11.2 billion, compared with $10.3 billion the same time last year. 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. Revenue increased to $10.3 billion in the second quarter, up 10 percent on a reported basis and up 13 percent on a currency-neutral basis*, driven by strong growth across all geographies. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Do Not Sell My Personal Information (CA Residents Only). The strength online helped offset declines in the company’s wholesale business and Nike stores, many of which had reduced foot traffic as coronavirus cases continue to rise around the nation. #TradeTalks: The Good and Bad News the Market Is Bracing for as 2020 Comes to a Close, 3 Psychedelic Stocks to Invest In the Future of Medicine, Why The Market Is Moving Lower Despite Vaccine, and What Investors Should Expect, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][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])? Do the numbers hold clues to what lies ahead for the stock? 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. NIKE annual and quarterly earnings per share history from 2006 to 2020. Demitri Kalogeropoulos owns shares of Nike. 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. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. Nike’s earnings between May 2019 and May 2020 is estimated at a total of $37.4 billion. As of Friday, more than 90 percent of Nike’s company-owned stores are open, some with reduced operating hours. 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 © 2020, Nasdaq, Inc. All Rights Reserved. Video Transcript. 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! 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. 10 stocks we like better than NikeWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. ... By 2020, it's predicted to blast through the roof to $77.6 billion. “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 Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. )+[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); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i

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