The bottom line swung to a BRL 17,473,000 ($3.3 mm) loss in the third quarter, down from last year’s income of BRL 85,854,000, as sales grew 5% to BRL 2,036,114,000 ($38.7 mm) over BRL 1,936,522,000, driven by double-digit growth in running and performance footwear. Enterprise gross margin contracted 10 b.p. to 47.3%. Centauro margins shrank 80 b.p. to 49.0% on increased markdowns to keep pace with a promotional environment and a higher share of digital sales. Fisia margins contracted 170 b.p. to 38.3% on more markdowns at Nike Value Stores to ... Log in to view full article.