Seeking Alpha

Global futures orders strong at Nike

  • Nike (NKE) reports global futures orders rose 12% in FQ2 compared to 8% last quarter and 6% a year ago.
  • Gross margin as a percentage of sales for the company topped expectations, rising 140 bps to 43.9% on a favorable product mix.
  • Revenue at Converse was up 11% to $360M, while the Nike brand saw a 9% gain to $6.1B.
  • A conference call is set for 5:00 p.m. EST. (webcast)
  • NKE +0.4% AH.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)