NIKE, Inc. (NYSE:NKE) Q1 2024 Earnings Conference Call September 28, 2023 5:00 PM ET

Company Participants

Paul Trussell - VP, IR and Strategic Finance

John Donahoe - President and CEO

Matt Friend - CFO

Conference Call Participants

Robert Drbul - Guggenheim Partners

Adrienne Yih - Barclays

Alex Straton - Morgan Stanley

Matthew Boss - JPMorgan

Jay Sole - UBS

Piral Dadhania - RBC

Jonathan Komp - Baird

Aneesha Sherman - Bernstein

Operator

Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal 2024 First Quarter Conference Call. For those who want to reference today's press release, you'll find it at investors.nike.com. Leading today's call is Paul Trussell, VP of Investor Relations and Strategic Finance.

Now I would like to turn the call over to Mr. Paul Trussell. Please go ahead.

Paul Trussell

Thank you, operator. Hello, everyone, and thank you for joining us today to discuss NIKE, Inc.'s fiscal 2024 first quarter results. Joining us on today's call will be NIKE, Inc. President and CEO, John Donahoe; and our CFO, Matt Friend. Before we begin, 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 NIKE's reports filed with the SEC. In addition, participants may discuss non-GAAP financial measures and nonpublic financial and statistical information. Please refer to NIKE's earnings press release or NIKE's website, investors.nike.com, for comparable GAAP measures and quantitative reconciliations. All growth comparisons on the call today are presented on a year-over-year basis and are currency neutral unless otherwise noted. We will start with prepared remarks and then open up for questions.

We would like to allow as many of you to participate as possible in our allotted time, so we would appreciate you limiting your initial question to one. Thanks for your cooperation.

I'll now turn the call over to NIKE, Inc. President and CEO, John Donahoe.

John Donahoe

Thank you, Paul, and hello to everyone on today's call.

NIKE's foundational competitive advantages are the envy of the industry. As the global athletic market leader, our scale and portfolio allow us to create an impact that only NIKE can. Consumers all over the world recognize NIKE as the number 1 champion for athletes and sport as we fuel inspiration and push the limit of human potential with the industry's most innovative products. Over the past few years, we've navigated through an unprecedented external environment.