Sees Q2 gross margins down 300bps-375bps. Says for the balance of FY26, we see momentum building with our wholesale partners , our spring order book is up versus the prior year, with growth led by sport , and as a result, we expect wholesale revenue to return to modest growth for FY26. At the same time, we continue taking steps to reposition Nike (NKE) Digital as a full price business. Traffic comps will remain under pressure, and so we do not expect Nike Direct to return to growth for FY26. Comments taken from Q1 earnings conference call.
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