All dividend amounts have been restated to reflect all historical stock splits and have been rounded to the nearest thousandth. During the widespread physical store closures, we accelerated our connection and engagement with our consumers leveraging the strength of our digital ecosystem. 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. 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as “EBIT”), which represents net income before interest expense (income), net and income tax expense. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. “Our results this quarter continue to demonstrate NIKE’s full competitive advantage, as we strengthen our position in the midst of disruption,” said John Donahoe, President and CEO, NIKE, Inc. “In this dynamic environment, no one can match our pace of launching innovative product and our Brand’s deep connection to consumers. (503) 532-4213, Media Contact: Weighted average common shares outstanding: Prepaid expenses and other current assets, Current portion of operating lease liabilities, Deferred income taxes and other liabilities, Sales from our Wholesale Operations to NIKE Direct Operations. By using the investor presentation, you will find growth stocks and preferred stocks. CNBC writes that Nike “had previously set a goal to reach 30 percent digital penetration by 2023. During the fourth quarter 2020, NIKE, Inc. temporarily suspended share repurchase activity in March to maximize liquidity during the COVID-19 pandemic. EMEA returned to growth of 5 percent on a reported basis, led by triple-digit growth in digital. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. All dividend amounts have been restated to reflect all historical stock splits and have been rounded to the nearest thousandth. the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Nike 2015 Investor Day October 14, 2015 – Continuous updates from Nike World Headquarters in Beaverton, Oregon, will be posted throughout the day. 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. Visit Nike’s investor relations platform to read the full report. ! Free ! 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. Our wholesale partners largely followed the same pattern and as a result, product shipments to wholesale customers were down nearly 50 percent resulting in lower total revenue and higher inventory.

For instant updates and exclusive deals at our store, Nike's Latest Financial Report Shows 38% Drop in Quarterly Revenue, Nike Rallies in a Strong Fiscal Quarter Following a Previous 38% Revenue Drop, Nike Plans 200 More Stores Despite 38% Drop in Revenue, Richemont Reports Coronavirus-Battered Fiscal Year 2019 Financials, UNIQLO Owner Expects 50% Drop in Profit This Financial Year, Korean Air Reports $125M USD Quarterly Profit Despite Coronavirus Travel Restrictions, Sasquatchfabrix. Andy Muir Click “Don’t run on pages on this domain”. We know it’s in times like these that strong brands get even stronger,” said John Donahoe, President and CEO, NIKE, Inc. “As we start to see recovery in China, no one is better equipped than NIKE to navigate the current climate.”**. (503) 473-3143, Media Contact: However, despite a majority of stores open in the quarter, we continue to experience year-over-year declines in physical retail traffic across the marketplace due to COVID-19 impacts and safety related measures, offset partially by higher conversion rates. To find out how to whitelist us, click the button below. We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. Revenues for Converse were $563 million, up 2 percent on a currency-neutral basis, mainly driven by strong demand in Europe and in digital, globally. While wholesale discounts were offered to encourage retailer spending, Nike’s gross margins saw a 45.5 percent to 37.3 percent drop year-over-year as it was met with higher production costs, including “factory cancellation charges, increased inventory obsolescence reserves… the adverse rate impact of supply chain fixed costs on lower wholesale shipments” and increased expenditure for shipping and returns. “NIKE is recovering faster based on accelerating brand momentum and digital growth, as well as our relentless focus on normalizing marketplace supply and demand,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. “We continue to drive investment in capabilities that will fuel our consumer-led digital transformation, catalyzing long-term growth and profitability for NIKE.”**. You can reach over 500 investor presentations for your trading. Nearly all of the NIKE-owned physical doors were open during the quarter across North America, EMEA and Greater China with approximately 90 percent of doors open in APLA.

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