By  on September 26, 2017

Nike Inc.’s profits might have slipped in the first quarter, but the active giant is not slowing down on its transformation.

The company’s net income for the first quarter fell 24 percent to $950 million, or 57 cents a diluted share, from $1.25 billion, or 73 cents, a year earlier. Lower selling expenses were offset by gross margin declines.

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