3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company’s corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. © 2020 Advance Local Media LLC. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, January 8, 2021. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. Net income rose to $1.12 billion, or 70 cents a share, in the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a year ago. (971) 473-3143, Media Contact: Additionally, lower marketing expenses during sporting events boosted overall results. By Alan Farley. 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 second-quarter results delivered a 9% increase over last year. The athletic apparel maker posted revenue of $11.24 billion in the period, which also topped Street forecasts. Subscribe to OregonLive. 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, following the … The company’s earnings and revenue topped expectations due to growth in the digital business. In the final minutes of trading on Friday, shares hit $140.04, an increase of 39% in the last 12 months. The fiscal second quarter runs from September through November, a … For the three and six months ended November 30, 2020, Corporate included non-recurring employee termination and related costs associated with the previously announced leadership and operating model changes. 20 mins Nike (NKE) 2nd Quarter Earnings: What to Expect Nasdaq . 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. Second quarter reported revenues … Revenues for Converse were $476 million, down 4 percent on a currency-neutral basis, as double-digit growth in digital and growth in Asia were more than offset by declines in Europe and North America primarily due to tighter supply and strategic distribution shifts. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Download this Press Release () BEAVERTON, Ore.-- (BUSINESS WIRE)-- NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its second quarter ended November 30, 2019. ... On the earnings call, Nike discussed staying with … 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. NIKE Inc. (NKE Quick Quote NKE - Free Report) is slated to release second-quarter fiscal 2021 results on Dec 18. Dow component Nike, Inc. ( NKE) reports fiscal second quarter 2021 earnings on Dec. 18, with analysts … Shares of Nike (NKE) remain one of the better-performing names within the retail sector, rising 35% over the past six month, despite the economic devastations the pandemic has inflicted upon consumers. During its FY20 fourth quarter, NIKE, Inc. temporarily suspended share repurchase activity in March to maximize liquidity during the COVID-19 pandemic. Revenue increased to $10.3 billion in the second quarter… Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/20). The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Individuals can also visit http://news.nike.com and follow @NIKE. Additionally, lower marketing expenses during sporting events boosted overall results. 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. “NIKE’s strong results during a dynamic environment show the power of staying on the offense,” said John Donahoe, President and CEO, NIKE, Inc. “Fueled by compelling innovative product and global brand momentum, we continue to extend our leadership. 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