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With over 220 outlets to choose from, there are more than enough stores to keep even the pickiest shoppers content for the day. Nike also continue to encourage the designers to find inspiration from all areas, and from time to time in accordance with the needs designers to arrange holiday travel around the world to draw inspiration.
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Nike’s approach allows them to communicate their message consistently across all media outlets; and at the same time share that message at every customer touch point; that is, use Nike products and you will increase your performance regardless of what sport you are involved in.
We expect that earnings per share to be lower than last year and they were, down 10% to $1.23. Gross margins fell about 80 basis points, but that’s slightly better than we expected and sequentially better than Q4. And in line with our plan, SG&A expenses were higher, up 18%, as we invested in a remarkable array of product innovations and inspiring moments over the Summer of Sports, a solid start to the year and a huge quarter for NIKE innovation.
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