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NKE » Topics » Pamela Catlett

This excerpt taken from the NKE 8-K filed Dec 22, 2009.
Pamela Catlett:  Thanks, everyone, for listening. We hope you have a wonderful holiday season. Bye.

Operator: Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time. Thank you for your participation.





This excerpt taken from the NKE 8-K filed Oct 2, 2009.
Pamela Catlett: Thank you, and thank you, everyone, for joining us today to discuss NIKE's fiscal 2010 first quarter results.

Before we begin our prepared comments, I would like to take a minute to remind everyone that, in conjunction with today's earnings announcement, we have changed how we report our results for the NIKE Brand.

There are two main changes -- first, consistent with the corporate restructuring we completed earlier this year, we established new reporting for NIKE Brand operating segments, including six geographies -- North America, Western Europe, Central and Eastern Europe, Greater China, Japan, and Emerging Markets.

This represents a change from our previously reported structure of four regions, which included the US, Europe, Middle East and Africa, Asia-Pacific, and the Americas. Consistent with our previous practice, we will continue to report revenues for each of our NIKE Brand Product Types -- Footwear, Apparel and Equipment. Other Business operating segment results represent the results of Cole Haan, Converse, Hurley, Umbro and NIKE Golf.

Second, we have changed our primary profitability measure from Pre-tax Income, or PTI, to Earnings Before Interest and Taxes, or EBIT, which is the primary measure used by our management team and Board to make decisions about resource allocation and to evaluate the performance of individual operating segments.

Yesterday, we filed an 8-K to provide you with reclassified historical Revenue and EBIT segment information on a quarterly basis for fiscal years 2008 and 2009. You can find that filing on the SEC's Web site and at nikebiz.com.

It is important to note that these reclassifications have no impact on NIKE, Inc.'s previously reported financial statements. We believe these reporting changes will provide you even greater transparency into our business results.

When discussing the financial results for NIKE Brand geography, we may provide performance highlights from our seven key Categories and/or our owned retail operations when this information is necessary to understand the key business trends driving the business results in that segment. However, since these dimensions of our business do not represent reportable operating segments, we do not intend to provide full financial results for them.

Now, on to the call -- joining us today 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 and outlook. Following their remarks, we will take your questions.

Now I'll now turn the call over to NIKE, Inc. President and CEO, Mark Parker.


EXCERPTS ON THIS PAGE:

8-K
Dec 22, 2009
8-K
Oct 2, 2009

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