Post-Earnings Briefing - NIKE

LONDON, January 12, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings briefing on NIKE Inc. (NYSE: NKE). On December 18, 2014, the company reported its financial results for Q2 FY15 (period ended November 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on NIKE Inc. (NIKE). During Q2 FY15, the company's revenues increased 15% Y-o-Y, on reported basis and 18% Y-o-Y on currency neutral basis. NIKE's diluted EPS also rose 25% Y-o-Y in the reported quarter. The President and CEO, Mark G. Parker, stated that the strong Q2 FY15 results once again demonstrate NIKE as a growth company. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

During Q2 FY15, NIKE's revenue increased to $7.38 billion from $6.43 billion in Q2 FY14. Analysts from Bloomberg were expecting the company to report revenue of $7.15 billion during the reported quarter. On a currency neutral basis, revenues for the NIKE Brand and Converse during Q2 FY15 grew 17% Y-o-Y and 24% Y-o-Y, respectively. The free research on NKE can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=NIKE&d=12-Jan-2015&s=NKE

For Q2 FY15, the company's gross margin improved by 120 basis points Y-o-Y to 45.1%, primarily due to a shift in the product mix to higher margin products, continued growth in the higher-margin Direct-to-Consumer (DTC) business and a modest benefit from foreign exchange. However, NIKE's selling and administrative expense increased 17% Y-o-Y to $2.44 billion in Q2 FY15.

NIKE's net income for Q2 FY15 increased to $655.00 million, or $0.74 per diluted share, from $534.00 million, or $0.59 per diluted share, in Q2 FY14. NIKE's Q2 FY15 net income outperformed Bloomberg analysts' forecasts of $615.44 million, or $0.70 per diluted share.

Mr. Parker said that the power of the company's portfolio continued to unlock growth for NIKE, as the company keeps a laser focus on biggest opportunities. He further added that the portfolio's breadth and depth has helped the company consistently deliver strong results - quarter after quarter and year after year. Sign up and read the free analyst's notes on NKE at:

http://get.Investor-Edge.com/pdf/?c=NIKE&d=12-Jan-2015&s=NKE

During Q2 FY15, NIKE repurchased a total of 5.1 million shares for approximately $425 million as part of its four-year $8 billion program approved by the company's Board of Directors in September 2012. As of November 30, 2014, the company had repurchased a total of 67.6 million shares under this program for $4.7 billion, an average cost of approximately $68.96 per share.

Stock Performance 

On the day following the earnings release, December 19, 2014, NIKE's stock fell 2.31% to end the session at $94.84. The stock has moved both ways since then with gains outweighing losses so far. On the last close, Friday, January 09, 2015, the stock finished at $95.99, down 1.10%, after vacillating between $95.60 and $96.99. A total of 2.34 million shares were traded, which was below its three months average volume of 3.46 million shares. Over the previous three trading sessions and the last three months, the company's shares have gained 3.27% and 10.09%, respectively. Further, the stock has surged 24.79% in past one year. Shares in NIKE closed above their 200-day moving average of $82.78. Furthermore, the stock traded at a PE ratio of 27.17 and has a Relative Strength Index (RSI) of 50.97. Visit Investor-Edge and access the latest research on NKE at:

http://get.Investor-Edge.com/pdf/?c=NIKE&d=12-Jan-2015&s=NKE

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 28 insider transactions made by 4 individuals. Between December 23, 2014 and January 07, 2015, a total of 450,816 shares of the company have been bought at an average price of $24.27 per share, for a total value of $10.94 million. During the stated period, a total of 450,816 shares were also disposed at an average price of $96.19 per share, for a total of $43.36 million. These are some of the corporate insider trading transactions during the stated period: Eric D. Sprunk, Chief Operating Officer at NIKE, purchased 210,816 shares at an average price of $25.58 and sold an equal number of shares at an average price of $96.54 per share. Orin C. Smith, Director at NIKE, bought 40,000 shares at an average price of $26.10 and sold an equal number of shares at an average price $95.79 per share. Additionally, on December 23, 2014, Mark G. Parker, bought 180,000 shares at price of $21.90 and sold an equal number of shares at $95.99 per share. Complimentary in-depth research on NKE is available at:

http://get.Investor-Edge.com/pdf/?c=NIKE&d=12-Jan-2015&s=NKE

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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EDITOR'S NOTES:

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