John Donahoe: And I just build on what Matt said, Alex, the first part of your question. Our partners want us. They need NIKE to help grow the market. They want newness. They want NIKE freshness. They want us to lean in with them. And that’s exactly what we’re doing. So, the reception has been very strong and very good. And we’ll continue to capitalize on that and leverage that, so that we collectively grow the entire market in service of the consumer.
Operator: Our final question will come from the line of Bob Drbul with Guggenheim Securities. Please go ahead.
Robert Drbul: Hi. Good afternoon. Just two quick questions from me. The first one is in the running area, you know, when you talk about wholesale, you talk about any progress that you’re seeing with the RSG as partners. And then the second question is, Matt, you mentioned just the opportunity or the ability to see a catalyst in sales from the Olympics. Can you just talk about your opportunity to capitalize on, some of those products and your expectation from that? Thanks.
John Donahoe: Bob, as I mentioned earlier, we’ve had a chance to be with Heidi and her teams on looking at the running pipeline, the everyday running pipeline. And there are clearly already some early green shoots. The Vomero 17 and the Structure 25 out in the market today, both growing double digits to very strong reception. As I mentioned earlier, the Peg family, starting with Peg 41, Peg Premium, Peg Trail coming in the second half of the year, the order book is looking good. We’re also, in direct answer to your question, investing in our ground game, with more focus and specificity around running than before. That includes being where runners are. So, being at the marathons, at the local races, at the local runs. We had a strong presence of the LA Marathon and activations there with very positive response.
In fact, we had a shoe exchange effort that went crazy, with so many people switching over to NIKE, because we’re there with them. We’ll continue to do that. And then in the RSG channel, as you mentioned, we’ve increased our focus and penetration and RSG’s and other new partners that authenticate our brand. And we’ve doubled our EKINs. And as you know, our EKINs are the experts who provide our partners with even greater NIKE expertise and personal engagement. So, if you take the combination of strong, innovative product portfolio and pipeline with more ground game and presence where runners are. Combined with a greater marketplace distribution, including RSG’s and with our EKINs in the field, we feel like we’re already seeing some green shoots of progress in everyday running.
And we’ll continue to see that quarter-after-quarter. It won’t happen overnight, but we’re already seeing momentum in North America. And we believe that will continue around the world.
Matthew Friend: Yes, Bob. And another indicator of a green shoot for us, is that our bookings for fall ’24, which is the fall season coming up in running footwear, delivered strong growth. And to John’s point, that’s across our $100 plus products, but also us coming back into market with a new line of core running footwear. And so, it’s another green shoot for us that we see momentum in running in particular, and one that we’re focused on continuing to ignite. And I think the Olympics actually will help that as a segue to your second point. The opportunity that we see starts with our brand. The opportunity starts with our Air for Athletes campaign that we’re going to be bringing through the Olympics, combined with the products that John referenced.
So, ones that you will see on the track, on the streets, vis-a-vis the marathon, to on the football pitch with visible Air, to the basketball court. With Air being visible, leveraging this similar technology that we’ve leveraged through the Alphafly 3. And so – we’re excited about the innovation we’re bringing, but it’s an ignition point, because there is material value from the products that we will sell that we’ve sold in around these Olympic stories, but it’s about igniting the Air platform as we go forward. And so, the way we think about it is that it’s a catalyst from both a brand and a business point of view, because it will be an important moment on – the world’s biggest stage to showcase the best and greatest innovations in these sports.
And then, the connection of the innovation, to the pipeline of product that’s coming that we expect will drive growth through their balance of ’25 and into ’26. Especially as you think about the next Air iteration and the one after that, which we already have in development. So, from our perspective, it’s a tremendous opportunity to catalyze energy, but more importantly, to reposition NIKE at sport with the athlete and drive the next chapter of growth for us.
Operator: And that does conclude our conference for today. We thank you all for joining. You may now disconnect your lines.
