NIKE, Inc. (NKE)
Q2 2009 Earnings Call Transcript
December 17, 2008 5:00 p.m. ET

Executives

Pamela Catlett - Vice President of Investor Relations
Mark Parker - Chief Executive Officer
Charles Denson - President - Nike Brand
Donald Blair - Chief Financial Officer, Vice President

Analysts

Robert Ohmes - Merrill Lynch & Co.
John Shanley - Susquehanna Financial Group
Kate McShane - Citigroup
Robert Drbul - Barclays Capital
Jim Duffy - Thomas Weisel Partners
Omar Saad - Credit Suisse
Sam Poser - Sterne, Agee & Leach

Presentation

Operator

Greetings ladies and gentlemen, and welcome to Nike''s fiscal 2009 second quarter conference call. For those of you who need to reference today’s press release, you will find it at www.nikebiz.com.

Leading today’s call is Pamela Catlett, Vice President, Investor Relations. Before I turn the call over to Ms. Catlett, let me remind you that participants of 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 10-K, 8-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 the mix of futures and at once orders, exchange rate fluctuations, order cancellations and discounts, which may vary significantly from quarter to quarter.

In addition, it is important to remember a significant portion of Nike, Inc.’s business, including equipment; most of Nike Retail, Nike Golf, Cole Haan, Converse, Hurley, and Umbro are not included in these futures numbers.

Finally, participants may discuss non-GAAP financial measures. A presentation of comparable GAAP measures and quantitative reconciliations are found at Nike’s website.

This call might also include discussion of non-public financial and statistical information, which is also publicly available on that site, www.nikebiz.com.

Now, I would like to turn over the call to Pamela Catlett, Vice President, Investor Relations.

Pamela Catlett

Thank you and happy holidays everyone. Thank you for joining us today to discuss our Nike''s fiscal 2009 second quarter results. As the operator indicated, participants on today’s call may discuss non-GAAP financial measures, a comparative presentation of reconciliations between GAAP and non-GAAP reported items can be found in our press release, which was issued about an hour ago and can be found at nikebiz.com.

Joining us on today’s call will be NIKE, Inc. CEO Mark Parker, followed by Charlie Denson, President of the Nike Brand, and finally you will hear from our Chief Financial Officer, Don Blair, who will give you an in-depth review of our financial results. Following their prepared remarks, we will be happy to take your questions.

Now I will turn it over to NIKE, Inc. CEO Mark Parker.

Mark Parker

Thanks Pam and good afternoon everybody. Happy holidays as well. Today, you are going to hear a lot from us, so I will jump right in. You will hear that we’ll be pleased with our second quarter results and you will hear caution about the external environment and confidence in our ability to extend our leadership.