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Page 6 of 9
when we look at our performance in Q1 and then to date in September, we're seeing double-digit growth in retail sales.
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2023 Q1
6 Oct 22
It was relatively promotional in August but strong, strong into the first couple of weeks of this quarter.
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2023 Q1
6 Oct 22
we see strong consumer demand in North America currently, right? There's no signs of any softness
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2023 Q1
6 Oct 22
in Q1, like the Travis Scott AJ1, and that had very strong full price realization
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2023 Q1
6 Oct 22
we will be aggressive, as Matt said, on liquidating excess inventory
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2023 Q1
6 Oct 22
We plan to compete, as I mentioned, in a more promotional environment.
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2023 Q1
6 Oct 22
we do expect to see sequential improvement in inventory balances from here over the next three quarters
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2023 Q1
6 Oct 22
In Greater China, as an example, our inventory was down 3% versus the prior year
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2023 Q1
6 Oct 22
we estimate the full year negative impact of foreign exchange on reported revenue and EBIT to now be approximately $4 billion and $900 million
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2023 Q1
6 Oct 22
we will tighten up our second half buys and liquidate excess inventory more aggressively beginning in the second quarter
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2023 Q1
6 Oct 22
NIKE Direct grew 30% on a currency-neutral basis, led by 29% growth in NIKE Digital and 31% growth from NIKE-owned stores.
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2023 Q1
6 Oct 22
APLA, Q1 revenue grew 16% on a currency-neutral basis
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2023 Q1
6 Oct 22
Since fiscal '19, EMEA gross margins have expanded by more than 500 basis points, with NIKE Digital increasing its penetration from 7% to 20%
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2023 Q1
6 Oct 22
In EMEA, we saw record results. Q1 revenue grew 17%
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2023 Q1
6 Oct 22
NIKE Direct grew 20% on a currency-neutral basis and NIKE Digital grew 46%.
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2023 Q1
6 Oct 22
NIKE Digital grew 19%
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2023 Q1
6 Oct 22
NIKE Direct grew 13%
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2023 Q1
6 Oct 22
North America, Q1 revenue grew 13%
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2023 Q1
6 Oct 22
We expect that total inventory in North America peaked in Q1, and we anticipate seeing sequential improvement over the year as we rebalance supply and continue serving strong consumer demand.
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2023 Q1
6 Oct 22
we started to increase promotional activity in the first quarter and expect the broader marketplace to be promotional at least through the end of the calendar year.
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2023 Q1
6 Oct 22