WWD.com/business-news/financial/nike-inc-posts-a-q1-in-net-income-decline-6346522
financial
financial

September 27, 2012

Nike Inc. Net Slips in First Quarter

A higher tax rate, lower gross margins and an increase in expenses hurt the bottom line.

financial/news

Nike Inc. saw first-quarter income fall as increased costs hurt the bottom line.

For the three months ended Aug. 31, the company said net income fell 12 percent to $567 million, or $1.23...

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