NIKE, Inc. (NYSE:NKE) Q2 2019 Earnings Conference Call Transcript

Dec 20, 2018 • 05:00 pm ET

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NIKE, Inc. (NYSE:NKE) Q2 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good afternoon, everyone. Welcome to Nike Inc's fiscal 2019 Second Quarter Conference Call.

For those who want to reference today's press release, you'll find it at http://investors.nike.com. Leading today's call is Nitesh Sharan, Vice President, Investor Relations and Treasurer.

(Forward-Looking Cautionary Statements)

To the extent non-public financial and statistical information is discussed presentations of compatible GAAP measures and quantitative reconciliations will be made available at NIKE's website, http://investors.NIKE.com.

Now I'd like to turn the call over to Nitesh Sharan, Vice President, Investor Relations and Treasurer.

Executive
Nitesh Sharan

Hello everyone and thank you for joining us today to discuss Nike Inc's fiscal 2019 second quarter results. As the operator indicated, participants on today's call may discuss non-GAAP financial measures. You'll find the appropriate reconciliation in our press release, which was issued about an hour ago or at our website, investors.NIKE.com.

Joining us on today's call will be NIKE, Inc. Chairman, President and CEO, Mark Parker; and our Chief Financial Officer, Andy Campion. Following their prepared remarks, we will take your questions. We would like to allow as many of you to ask questions as possible in our allotted time. So, we would appreciate you limiting your initial questions to two. In the event, you have additional questions that are not covered by others, please feel free to re-queue and we will do our best to come back to you. Thanks for your cooperation on this.

I'll now turn the call over to NIKE, Inc. Chairman, President and CEO, Mark Parker.

Executive
Mark G. Parker

Hello and happy holidays, everyone. We've seen some amazing highlights in sports this past year. Eliud Kipchoge, smashed the Marathon World Record. Simone Biles, dominated the world championships. Gillian (ph) became a global star at the World Cup and LeBron James continued to inspire on and off the court.

It was a year of incredible achievements for Nike as well and Q2 was another strong proof point on our journey. We continue to show progress against our key long term objectives of driving innovation, direct connections and speed and agility around the world.

Our teams are doing a fantastic job of delivering sustainable, profitable growth through the consumer direct offense while aggressively pursuing our highest potential long-term opportunities. We set high goals and each success makes us hungry for more.

The marketplace in which we compete is highly dynamic. Consumer expectations are accelerating and the macro economy is increasingly volatile. A key part of our strategy to win in this environment is to double down on digital. Our digital transformation is taking hold through a series of positive disruptions across the business. For example, we are leading the industry through a retail revolution. We are creating sports first, smart adaptive footwear and we are investing in a global supply chain that delivers personnel at scale. It's all incredibly energizing and we find that the more disruptive we are the more we grow.

Our digital disruption is fueled by breaking old models, building new commerce partnerships and merging new talent with our years of industry