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Strength in Women’s and Basketball Propels Nike to Strong Fiscal Year Finish

NIKE, Inc. (NKE) reported fiscal fourth-quarter and fiscal year 2015 financial results Thursday that leaped above Wall Street expectations despite significant currency headwinds.

Revenue growth, gross margin expansion and a lower tax rate more than offset increased SG&A expense and the volatile foreign currency environment, sending the stock up by more than four percent Friday.

Read more at Sourcing Journal.