A $2.0 billion charge driven by the Tax Act resulted in a net loss of $921 million against income of $1,141 million in the fiscal third quarter ended Feb. 28, as sales increased 7% to $8,984 million from $8,432 million, boosted by gains in direct and international. Pre-tax income was down 12% to $1,159 million from 1,323 million. The tax charge was for a combination of transition tax on accumulated foreign earnings and revaluing deferred taxes. The Nike brand grew 7% (+4% constant currency) to $8,495 million with Nike Direct up double digits and gains in Greater China, EMEA and ... Log in to view full article.