“As it relates to kind of what's in the third quarter outlook and how quickly are we moving with revenues being down low double-digits and our margins being down 300 basis points to 350 basis points, we are certainly accelerating some of these actions.”

In context

“behind -- and behind that. Sportswear, a new lineup around look at court, look at basketball, look at football, including the Field General. So net-net is the products coming, and we're gaining confidence with each season. Matt Friend: Yes. And from a financial implication perspective, Adrienne, I guess, a couple of thoughts. First, as I said, a number of these actions we had underway and Elliott has provided a perspective that we accelerate them. And some of these actions are new actions, like moving more aggressively to reposition NIKE Direct and NIKE Digital, in particular, as a premium channel. And so with him being 60 days in, we are continuing to take time to understand the impact of those actions. But we remain committed to being transparent and provide guidance on a 90-day basis. As it relates to kind of what's in the third quarter outlook and how quickly are we moving with revenues being down low double-digits and our margins being down 300 basis points to 350 basis points, we are certainly accelerating some of these actions. But some of these actions are going to take time to carry all the way through. And so our focus is on getting back to a healthy marketplace and getting back to a full-price business, both in our partners and importantly, in NIKE Direct because we believe that will elevate the entire marketplace and create a foundation for growth. We're very focused on our inventory because we know that a healthy inventory is absolutely critical for us in order to be able to present the right assortment for consumers and to give our new innovation and our new seasonal product, the best presentation across the entire marketplace. And so that's what's been reflected in our third quarter financials. And I'll just reiterate a point I made in my prepared remarks, which is I said that we expect a greater headwin”