Currency effects wipe $20m off Nike’s Q3 profit
24/03/2015
US sportswear brand Nike has reported the year-over-year change in foreign currency-related gains and losses combined with the impact of changes in exchange rates decreased pre-tax income by $20 million in its third quarter. Revenues rose 7% to $7.5 billion in the three months, driven by growth in every geography and in most key categories....