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More on Nike's FQ1: Gross margin was 43.5%, up 70 bps Q/Q but down 80 bps Y/Y. Futures orders...

More on Nike's FQ1: Gross margin was 43.5%, up 70 bps Q/Q but down 80 bps Y/Y. Futures orders +6% Y/Y to $8.9B, below revenue growth of 10%. North America +23% Y/Y, but Western Europe -5% (+6% in constant currency), Japan -6%. Greater China and Emerging Markets +8% each , a slowdown from FQ4's +18% and +16%. Opex +18% Y/Y, outpacing revenue growth. $779M worth of shares repurchased. CC at 5PM ET (webcast). NKE -2.8% AH. (PR)

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