Revenue is expected to drop 4.9% to $11.02 billion. In a call with investors in the previous quarter, CFO Matthew Friend said revenue would be down mid-single digits in the first quarter. Revenue for its direct-to-consumer business, Nike Direct, is expected to decline 8.3% from a year ago to $4.3 billion. Wholesale revenue is also forecasted to drop roughly 8% as well to $6.28 billion. Its namesake Nike brand is expected to see sales drop 5% from a year ago to $10.55 billion, while Converse's revenue is forecasted to decline the most, roughly 9%, to $456.1 million.