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We expect that earnings per share to be lower than last year and they were, down 10% to $1.23. Gross margins fell about 80 basis points, but that’s slightly better than we expected and sequentially better than Q4. And in line with our plan, SG&A expenses were higher, up 18%, as we invested in a remarkable array of product innovations cr exclusive nike mercurials sales and inspiring moments over the Summer of Sports, a solid start to the year and a huge quarter for NIKE innovation.
But don’t feel too bad for the guy-his current combined Nike and Miami deals are earning him $34 million per year or about $5 million per foot of height on his six foot, eight inch frame. Approaching the top as one of the athletes with the biggest endorsements from Nike is golfer Rory McIlroy from Ireland.
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