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The Sport Offense is driving measurable progress across the performance business, and Pace was introduced to accelerate and scale that momentum; more work remains in NIKE Sportswear, Jordan Brand and Greater China, where NIKE is taking deliberate actions.
60% confidenceGross margin expanded 60 basis points to 42.8 percent, primarily due to lower warehousing and logistics costs.
60% confidenceFirst quarter results were consistent with expectations, supported by improved gross margin and disciplined cost management; focus remains on product portfolio health, productivity and disciplined resource allocation.
60% confidenceEffective tax rate was 22.7% versus 21.1% a year earlier, primarily due to foreign tax audit settlements recognized in the current year.
60% confidenceNIKE Brand revenue declines were primarily due to Greater China and EMEA, partially offset by growth in North America.
60% confidence