Nike expect fy revenue to be up high single digits to low double digits versus prior year

Cfo - expect reported revenue to be roughly flat versus prior year in the first half of fiscal 21- conf call.nike cfo - co scaling robotics and automation in logistics operations, accelerating digital throughput and cutting order cycle times by up to 50%.nike cfo - fiscal '21 will continue to be a time of uncertainty because virus-containment patterns around the world remain volatile.nike cfo - for full year, expect revenue to be up high single digits to low double digits versus prior year.nike cfo - stronger-than-anticipated demand for will be constrained in near term, with growth in the second half to be up significantly.nike cfo - gross margin outlook will continue to be a function of prioritizing a return to normalized inventory levels by the end of q2.nike cfo - expect to begin seeing sequential improvement in full price sales, but expect continuation of higher markdown activity in factory stores.nike cfo - expect fy gross margin to be flat versus prior year, including 40 basis points of foreign exchange headwinds.nike cfo - expect fy sg&a to be flat, including about $200 million to $250 million of nonrecurring execution costs incurred in 1h.
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