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.

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