NYSE$NKE

NIKE · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Nike's first quarter results for fiscal year 2021 showed a slight revenue decrease but strong digital growth and improved earnings per share.

Nike reported a slight decrease in revenue but experienced strong growth in digital sales. The company's earnings per share increased, driven by lower selling and administrative expenses. Nike is focused on accelerating its digital transformation and normalizing marketplace supply and demand.

  • First quarter revenues were $10.6 billion, down 1 percent on a reported basis.
  • NIKE Direct sales were $3.7 billion, up 12 percent.
  • NIKE Brand digital sales increased 82 percent.
  • Diluted earnings per share for the quarter was $0.95, up 10 percent.

Headline financials

Total Revenue

$10.6B

Previous: $10.7B-0.6%
EPS (adj)

$0.95

Previous: $0.86+10.5%
Gross Margin

44.8%

Previous: 45.7%-2.0%
Demand Creation Expense

$677M

Previous: $1.02B-33.5%
Operating Overhead Expense

$2.3B

Previous: $2.31B-0.5%
Effective Tax Rate

11.5%

Previous: 12.4%-7.3%
Capital Expenditures

-$176M

Previous: -$284M+38.0%
Free Cash Flow

$1.34B

Previous: $1.08B+23.9%
Net Income

$1.52B

Previous: $1.37B+11.0%
Operating Income

$1.77B

Previous: $1.54B+14.5%
Gross Profit

$4.74B

Previous: $4.87B-2.7%
Cash & Equivalents

$8.15B

Previous: $3.45B+136.4%
Total Assets

$33.3B

Previous: $26.2B+26.7%
Stock-Based Comp

$136M

Previous: $80M+70.0%

Revenue & EPS history

Nike · Revenue · Quarterly

$10.6B

Q1 2021-0.6%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Nike · $10.6B total across 2 segments · Q1 2021

  • NIKE Brand
    $10B
  • Converse
    $563M

Forward guidance

NIKE is recovering faster based on accelerating brand momentum and digital growth, as well as our relentless focus on normalizing marketplace supply and demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.5%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.3%

Avg return

30 days after

56%

40 / 72 earnings

Positive

+25.8%

Q3 2020

Best reaction

-19.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-6.0%-6.4%
Q2 2026-5.3%-8.6%-1.9%
Q1 2026+4.9%+2.1%-7.4%
Q4 2025+0.2%+2.8%+6.9%
Q3 2025-5.5%-8.5%-22.4%
Q2 2025+0.1%-0.1%-7.9%
Q1 2025-6.0%-7.0%-12.7%
Q4 2024-19.9%-19.2%-22.9%
Q3 2024-6.4%-7.7%-5.7%
Q2 2024-11.0%-11.0%-16.2%
Q1 2024+6.9%+6.3%+9.6%
Q4 2023-2.4%-3.5%-3.9%
Q3 2023-1.4%-0.4%+2.7%
Q2 2023+12.4%+12.8%+20.8%
Q1 2023-15.8%-10.2%-4.9%
Q4 2022-9.0%-10.4%-4.5%
Q3 2022+1.4%+1.9%+3.5%
Q2 2022+3.3%+2.7%-10.1%
Q1 2022-5.0%-7.7%+3.8%
Q4 2021+16.0%+17.2%+25.0%
Q3 2021-5.1%-5.3%-7.3%
Q2 2021+2.5%+0.9%+0.2%
Q1 2021+12.1%+9.6%+14.7%
Q4 2020-6.4%-2.0%-1.6%
Q3 2020+25.8%+32.5%+39.1%
Q2 2020-0.6%-0.4%+3.9%
Q1 2020+3.6%+5.3%+4.3%
Q4 2019+1.7%+2.9%+6.0%
Q3 2019-5.2%-3.8%+2.9%
Q2 2019+4.9%-1.3%+16.6%
Q1 2019-0.7%+0.5%-13.3%
Q4 2018+11.7%+6.9%+7.8%
Q3 2018-2.6%-0.3%-0.4%
Q2 2018-0.5%+0.1%+5.7%
Q1 2018-1.1%-2.6%+6.7%
Q4 2017+10.6%+9.9%+10.0%
Q3 2017-8.1%-4.0%-3.9%
Q2 2017+2.9%+2.1%+4.1%
Q1 2017-2.1%-3.2%-4.6%
Q4 2016+6.2%+7.2%+6.9%
Q3 2016-3.5%
Q2 2016-0.8%
Q1 2016+8.3%
Q4 2015+3.3%
Q3 2015+4.6%
Q2 2015+0.4%
Q1 2015+10.7%
Q4 2014+1.6%
Q3 2014-5.0%
Q2 2014-1.6%
Q1 2014+6.8%
Q4 2013+2.9%
Q3 2013+8.6%
Q2 2013+7.5%
Q1 2013-0.6%
Q4 2012-10.5%
Q3 2012-2.7%
Q2 2012+3.2%
Q1 2012+3.4%
Q2 2011-1.0%
Q4 2011-1.0%
Q3 2011+0.2%
Q1 2011-0.4%
Q4 2010+1.5%
Q3 2010+0.1%
Q3 2009+0.1%
Q2 2009+0.4%
Q2 2010+0.4%
Q1 2010+0.3%
Q4 2009+0.3%
Q4 2008+0.3%
Q1 2009+0.3%

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