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CLAIM #46132 · Nike Inc (NKE) · 2022Q2 earnings call · Dec 20, 2021 · due May 31, 2022

And relative to where we were 90 days ago, we’re increasingly confident that inventory supply will normalize and that we’ll be in a position to meet the incredible demand that we’re seeing across the marketplace.

Matt Friend · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we're increasingly confident that inventory supply will normalize and that we'll be in a position to meet the incredible demand that we're seeing across the marketplace
Reported
inventory flowing again into our largest geographies

In context

y and fully restocked on that? Thank you. Matt Friend: Sure, Kimberly, and thanks for the question. As I mentioned, our factories are back operational at this point in time, and I referenced an 80% number across footwear and apparel. It actually skews a little lower in footwear and a little higher in apparel. But as we watch employee attendance rates each week, we continue to grow increasingly confident in the guidance that we provided last quarter. So, last quarter, we said our factories would resume production on October 1, and we said it would take us several months to get back to weekly production capacity consistent with where we were prior to the factory closures. We’re on that plan. So, as we look at our guidance for the balance of the year, it reflects those continued assumptions. And relative to where we were 90 days ago, we’re increasingly confident that inventory supply will normalize and that we’ll be in a position to meet the incredible demand that we’re seeing across the marketplace. Operator: [Operator Instructions] Your next question comes from the line of Adrienne Yih with Barclays. Adrienne Yih: Yes. Thank you very much. Also my kudos for navigating a tough landscape. John, I wanted to ask about China. Adidas on their call maybe a month ago, early November, had talked about too much inventory and actually having to redirect. It was very promotional in the China market. So, I was wondering if you can talk about the China competitive landscape, maybe some commentary on both [Indiscernible] the domestic brands versus the western brands, Nike, Adidas, Puma and the like. Thank you very much. John Donahoe: Yes. Thanks, Adrienne. I’m just going to repeat what I said last quarter and the quarter before, which is NIKE always has, and we always will, take a long-term view i

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SEC filings for NKE · Claim quote is verbatim from the 2022Q2 earnings call.