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NIKE's (NKE) CEO Mark Parker on Q3 2016 Results - Earnings Call Transcript

Mar. 22, 2016 10:39 PM ETNIKE, Inc. (NKE)5 Comments
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Nike Inc. (NYSE:NKE) Q3 2016 Earnings Conference Call March 22, 2016 5:00 AM ET


Kelley Hall - VP, Corporate Finance and Treasurer

Mark Parker - President and CEO

Trevor Edwards - President, NIKE Brand

Andy Campion - CFO


Kate McShane - Citi

Lindsay Drucker Mann - Goldman Sachs

Omar Saad - Evercore ISI

Robert Drbul - Nomura Securities Co. Ltd.

Robby Ohmes - Bank of America/Merrill Lynch

Michael Binetti - UBS


Good afternoon, everyone. Welcome to NIKE’s Fiscal 2016 Third Quarter Conference Call. For those who need to reference today’s press release, you will find it at investors.nike.com.

Leading today’s call is Kelley Hall, Vice President, Corporate Finance and Treasurer. Before I turn the call over to Ms. Hall, 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 forms 8-K, 10-K, and 10-Q. Some forward-looking statements concern future orders that are not necessarily indicative of changes in total revenues for subsequent periods due to mix of futures and at-once orders, exchange rate fluctuations, order cancellations, changes in the timing of shipments, discounts and returns which may vary significantly from quarter to quarter. In addition, it is important to remember a significant portion of NIKE, Inc.’s continuing operations including equipment; NIKE Golf, Converse, and Hurley are not included in these futures numbers.

Finally, participants may discuss non-GAAP financial measures, including references to wholesale equivalent sales. References to wholesale equivalent sales are only intended to provide context as to the overall current market footprint of the brands owned by NIKE, Inc. and should not be relied upon as a financial measure of actual results. Participants

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