Profit at US sportswear giant Nike dipped in the third quarter year-on-year, the company reported on Thursday. The company’s bottom line totalled $1.17 billion, or $0.77 per share. This compares with $1.24 billion, or $0.79 per share, in last year’s third quarter. The company’s revenue for the quarter rose 0.3% to $12.43 billion from $12.39 billion last year. “We are making the necessary adjustments to drive Nike’s next chapter of growth,” Nike boss John Donahoe said. “We’re encouraged by the progress we’ve seen, as we build a multiyear cycle of new innovation, sharpen our brand storytelling a…