Financial PerformanceNike expects revenue to fall 8-10%, with a decline in gross margin for the quarter.
Market ChallengesNike's exit from retail partners opened the door for share loss to high-heat brands, which may not be easy to regain.
Sales PerformanceNike brand digital sales declined 20% y/y; by geography, N.A. -15%, EMEA -24%, Greater China -34%, and APLA -15%.