Nike Earnings Call Transcript Q3 2016 Earnings Call Transcript

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Nike (NKE) CEO Mark Parker said they are seeing business strength in China & Western Europe

“we’re seeing strong growth in China and Western Europe as well as in our global women’s business and the Running category. We are creating deeper and more meaningful connections with our consumers through all of our dimensions from competition to training to sportswear.”

Selling their products over their website is seeing explosive growth

“For Q3 NIKE.com delivered another impressive quarter with growth at 56% fueled by growth in both traffic and conversion. NIKE.com allows us to expand our brand and deepen our relationships in new markets. We continue to add new countries every quarter to our NIKE.com platform and its driving growth around the world.”

Nike (NKE) President Trevor Edwards emphasized China as a growth engine of the business amidst unprecedented demand

“Finally, Greater China, which continues to see strong marketplace momentum and very healthy growth despite macroeconomic uncertainty. China grew an incredible 27% this quarter, fueled in part by the continued strength of the NIKE Brand. The success we’re seeing in China today stems from decisions we made to align our teams against the biggest opportunities, driving growth in key categories of sportswear, Running, Jordan, and Nike basketball. We are seeing incredibly strong growth in DTC with NIKE.com leading the way.  Demand during the Chinese New Year surpassed anything we’ve ever seen before, and we operated with sharp precision to drive conversion to capitalize on that demand across all of our DTC dimensions.  Our brand and business in China have never been stronger. And we continue to build momentum. That’s not by accident.”