NIKE, Inc. (NYSE:NKE) Q3 2019 Earnings Conference Call - Final Transcript

Mar 21, 2019 • 05:00 pm ET


NIKE, Inc. (NYSE:NKE) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon, everyone. Welcome to NIKE Inc's Fiscal 2019 Third Quarter Conference Call. For those who want to reference today's press release, you'll find it at Leading today's call is Nitesh Sharan, Vice President, Investor Relations and Treasurer.

Before I turn the call over to Mr. Sharan, let me remind you that participants on this call will make forward-looking statements based on current expectations and those statements are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed in the reports filed with the SEC, including the Annual Report filed on Form 10-K. Some forward-looking statements may concern expectations of future revenue growth or gross margin.

In addition, participants may discuss non-GAAP financial measures, including references to constant dollar revenue. References to constant dollar revenue are intended to provide context as to the performance of the business, eliminating foreign exchange fluctuations. Participants may also make references to other nonpublic financial and statistical information and non-GAAP financial measures. To the extent nonpublic financial and statistical information is discussed, presentations of comparable GAAP measures and quantitative reconciliations will be made available at NIKE's website,

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

Nitesh Sharan

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

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 requeue 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.

Mark Parker

Thanks, Nitesh, and hello everyone. In Q3, our teams once again drove healthy growth across NIKE's complete portfolio, leading to balance results in our key dimensions. In our geographies, for example, the continued growth in North America was fueled by NIKE consumer experiences where we have our most direct connection with the consumer.

China earned its 19th consecutive quarter of high quality, double-digit growth, as the Chinese consumer increasingly makes sport a part of their daily lives. And the NIKE brand continues to accelerate in EMEA and APLA as we go deep into our key cities to seize new opportunities quickly. In innovation, we led with bold platforms like Air Max and sportswear and adaptive technology in basketball. We kept consumers coming back for