Bob Drbul

Hill pointed to the Caitlin and SHAI signature launches, the women's game and the GT series, with North America basketball growing again.

Hill praised the two-decade relationship and Nike's football roster but did not explain the decision.

Hill walked through the running, football, basketball and training pipeline and set spring 27 as when the sport-offense product built brief-to-market first shows up.

Elliott would not commit to a DD margin timeline but pointed to NA recovery, running, wholesale, and operating efficiency opportunities; he acknowledged China has become a 'lifestyle brand competing on price' and the reset is not happening at the pace NIKE wants.

Elliott outlined a clear plan: clean marketplace, innovative product flow, bold brand statements, and drive sell-through with partners. Acknowledged work to do especially in specialty channels.

Friend gave a portfolio-level view (retail sales underperformed plan, driving slightly elevated inventory) rather than the region-by-region breakdown Drbul asked for.

Cited 30%+ full-year China growth on new customer acquisition and low brand awareness runway; flagged a similar low-penetration opportunity in Europe.

Joanne reiterated mid-single-digit revenue growth floor with best-in-class margins from Investor Day, noting structural advantages and investments in product innovation, marketing, and store formats driving long-term growth.

Todd confirmed no slowdown in core icons. Brand is well-balanced with no single silhouette or colorway pervasive. Reviewed Q2 results and future buys with merchants earlier in the week, Tabby, New York family, and Terry all performing strongly.

Todd confirmed global consistency for both categories. Sneakers winning across genders. Footwear customers tend to become multi-category purchasers. Bag charms (cherry, plushies, mini Rexy) drive return visits and repeat frequency even when not UPT at point of sale.

Todd articulated four sustainability pillars: culture change, deep consumer insights, Gen Z customer acquisition, and focus on leather goods with icons. Joanne addressed Kate Spade reset as multi-quarter journey.

Joanne provided clear three-point capital allocation framework: investment grade commitment, share repurchases as immediate priority, and strategic portfolio management with no near-term M&A.

Herrman confirmed full-price selling remains very strong, driving merchandise margin. International business across Europe, Canada, and Australia is healthy despite broader retail concerns.

Ernie declined to use Runway as a bellwether for availability given the small store base and resource structure, noting it can change week to week.

Management confirmed positive performance across all geographies in home businesses including full-family stores. Noted recent pickup in U.S. HomeSense from mix adjustments.

Furner said inflation is running 1-2%, most merchandise inventory is up 1-4% and in good shape, with fuel cost the main item being watched.

Rainey broke down private brand: food down 100bp+ (largely egg deflation), GM up nearly 200bp. Guggina highlighted Great Value redesign and bettergoods attracting high-income customers. Watkins noted Member's Mark co-creation driving millennial and Gen Z engagement.

Jim said good/better/best mix is stable and dd's had a very strong quarter, in line with Ross on a two-year basis.