Demand creation expense was $729 million, down 17 percent due primarily to lower marketing spend on brand and sports events as a result of COVID-19, slightly offset by continued investments in digital marketing to support higher digital demand. Visible Alpha. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. The company’s earnings and revenue topped expectations due to growth in the digital business. Second quarter reported revenues were … The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. Please support high-quality local journalism. BEAVERTON, Ore., June 25, 2020 - NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020. Nike's fiscal second-quarter earnings and sales topped analysts' expectations, as the sneaker maker reported strong digital growth. The leading sports apparel retailer … 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. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Subscribe to OregonLive. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. Individuals can also visit http://news.nike.com and follow @NIKE. Company accelerates growth in digital sales and Greater China sales. Community Rules apply to all content you upload or otherwise submit to this site. Image source: Getty Images. ANNOUNCES SECOND QUARTER FISCAL 2021 EARNINGS AND CONFERENCE CALL." NIKE Inc. (NKE Quick Quote NKE - Free Report) is slated to release second-quarter fiscal 2021 results on Dec 18. NIKE continues a strong track record of investing to fuel growth and consistently increasing returns to shareholders, including 19 consecutive years of increasing dividend payouts. KeJuan Wilkins NIKE, Inc. (NYSE: NKE) plans to release its second quarter fiscal 2021 financial results on Friday, December 18, 2020, at approximately 1:15 p.m. PT, Nike Inc. on Friday reported fiscal second-quarter net income of $1.25 billion. Nike Inc. released its results for the second quarter of fiscal 2021 on Dec. 18 after the market closed.The company's earnings and revenue topped expectations due to growth in the digital business. NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. BEAVERTON, Ore.--(BUSINESS WIRE)-- See additional information in the accompanying Divisional Revenues table regarding this non-GAAP financial measure. These costs were slightly offset by disciplined expense management. Additionally, lower marketing expenses during sporting events boosted overall results. 3 Corporate revenues consist primarily of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse but managed through the Company’s central foreign exchange risk management program. Operating overhead expense increased 4 percent to $2.5 billion primarily due to approximately $135 million of restructuring-related costs and continued investments in digital capabilities to support the Consumer Direct Acceleration strategy. The leading sports apparel retailer is likely to have witnessed sales growth in the quarter under review. 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. 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, January 8, 2021. The Beaverton, Oregon-based company said it had net income of 78 cents per share. Key metrics The company, which is known for its athletic shoes […] 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. stock has been on a tear in 2020—and the athletic large’s upcoming fiscal second-quarter earnings, due out Friday afternoon, can be its subsequent likelihood to show that momentum stays robust. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on December 18, 2020, to review fiscal second quarter results. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Nike's margins during its fiscal fourth quarter shrank to 37.3% from 45.5% a year ago. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Updated Dec 14, 2020. Accessed Dec. 11, 2020. ... 2020, 09:11pm EST. View all Motley Fool Services. In the final minutes of trading on Friday, shares hit $140.04, an increase of 39% in the last 12 months. The athletic apparel maker posted revenue of $11.24 billion in the period, which also topped Street forecasts. During its FY20 fourth quarter, NIKE, Inc. temporarily suspended share repurchase activity in March to maximize liquidity during the COVID-19 pandemic. 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