Earnings Call Excerpt
Here’s the entire text of the prepared remarks from Nike’s (ticker: NKE) fiscal Q2 2006 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.
Executives:
William (Bill) Perez, President & Chief Executive Officer
Donald Blair, Vice President & Chief Financial Officer
Mark Parker, President, Nike Brand
Charlie Denson, Co-President, Nike brand
Pamela Catlett, Vice President, Investor RelationsAnalysts:
Robert Drbul, Lehman Brothers
Virginia Genereux, Merrill Lynch
Omar Saad, Credit Suisse First Boston
John Shanley, Susquehanna Financial
Lizabeth Dunn, Prudential
Margaret Mager, Goldman Sachs
Robert Ohmes, Banc of America SecuritiesPresentation
Operator
Good afternoon everyone. Welcome to Nike’s fiscal 2006 Second Quarter Conference Call. Today’s conference is being recorded. For those of you who need to reference today’s press release, you will find it at www.nikebiz.com. Leading today’s call will be Pamela Catlett, Vice President of Investor Relations. Before I turn it over to Ms. Catlett let me remind you that participants of this call are going to 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 and 10-Q. Some forward looking statements concern future orders that are not necessarily indicative of total revenues for subsequent periods due to cancellations and a mix of Futures and at once orders which may vary significantly from quarter to quarter. In addition it is important to remember a significant portion of Nike Incorporated business including equipment most of Nike Retail, Nike Golf, Converse, Cole Haan, Bauer, Hurley and Exeter brands group are not included in these futures numbers. Finally participants may discuss non-GAAP financial measures, a presentation of comparable GAAP measures and quantitative reconciliation’s can also be 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 the call over to Pam Catlett, Vice President of Investor Relations. Please go ahead ma’am.
Pamela Catlett, Vice President, Investor Relations
Thank you. Good afternoon everyone and happy holiday. Thank you for joining us today to discuss our second quarter results. Nike issued ours results about an hour ago, and those of you who need to reference the press release as the operator said, you will find it on our website at www.nikebiz.com. Most of you know that we’ve been evolving our conference calls to streamline our communication and to appropriately address the topics that are most important to you. We are very excited about our portfolio’s performance and we want to highlight some key drivers in more detail. So we are mixing it up today with a slightly larger group than usual.
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