“I recognize that some of these actions will have a negative impact on our near-term results.”

In context

“spending so much time with my team the past few weeks, I'm confident, we are all aligned and focused on the areas that will make the most immediate impact. I'll list the near-term priority actions again, ignite our culture through a focus on obsessing sport and getting back to winning, accelerate a complete product portfolio, driven by athlete insights through sport led fields of play, increase investment in our brand to deliver big, bold marketing statements, invest in and empower our teams in key countries and key cities to win the ground game, elevate the marketplace through a more premium Nike Direct and an unwavering commitment to our wholesale partners. Some of these actions are already underway and some need to move faster. And I will continue to evaluate and assess what is needed. I recognize that some of these actions will have a negative impact on our near-term results. But we're taking a long-term view here. We're making the decisions that are best for the health of our brand and business, decisions that will drive shareholder value. I strongly believe NIKE's path to sustainable, profitable growth will be through sport. And with that, I'll turn it over to Matt to cover some of the specific quarter results and our financial outlook, before we take some questions. Matt Friend: Thank you, Elliott, and hello to everyone on the call. To start, our Q2 financial performance largely met our expectations, as we continue to make progress repositioning our business. Today, I will focus my remarks on our recent performance and outlook. First, I will start by reviewing our Q2 financial results. Then I will go deeper into our performance in the quarter, including mar”