Highlights from Nike's Q314 Earnings Conference Call

Below are some highlights from Nike's NKE third-quarter earnings conference call:

Delivered robust growth in a well balanced way across the whole portfolio
Q3 Highlights
- Released new cleats for Super Bowl.
- Launched new collection.
- Both Canadians mens and womens hockey teams wore Nike's hockey jersey.
When it comes to innovation we pride ourselves as being the trend setters
Nike brand growth across all categories especially in sportswear,runwear, basketball.
Running business showing great results with double digit growth
Nike also drives growth by targeting its resources against the greatest opportunities
Continued success in basketball comes from creating the best products
Q3 jordan milestones
- Largest launch ever with the jordan 11
- First jordan store opened in NYC called flight 23
Emerging markets show significant opportunity in the near and long term
Consumer demand in mexico remains strong
Across the rest of the emerging markets seven territories reported double digit growth
Nike brand remains strong in north america
Greater china market grew 17%
We made changes to supply chain that are improving inventory levels in the marketplace
Still have work to do in china but feel great about the progress
We are setting the foundation for our long term growth in china
Growth was broad based in western europe
Success in western europe is no surprise our restructuring two years ago has improved the experience for our consumers and strengthened our brand
Goal is to provide profitable growth in short term and invest so we can have profitable growth in the long term
We expect fx headwinds will reduce our eps for the q4 and 2015
The level of spending has been lower than expected as we shifted investment
Cash conversion cycle continues to improve
Significantly higher sales for nike.com
Key objective in resetting the china market is increasing the profitability of our retail business
Business in japan continues to generate positive momentum
This years devaluation of emerging markets currencies will be a drag on next years margin growth

Q&A

Pricing strategy revolves around our price value with the consumer
Strength of brand allows us to command a premium price
Limited resistance in bringing premium to the the market
Very bullish on the young athletes business

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