Nike, Inc. (NYSE: NKE) reported Q2 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $6.4 billion versus the consensus estimate of $6.44 billion.

As of the end of the quarter, worldwide futures orders for NIKE Brand athletic footwear and apparel scheduled for delivery from December 2013 through April 2014 totaled $10.4 billion, 12 percent higher than orders reported for the same period last year, and 13 percent higher on a currency neutral basis.

Gross margin increased 140 basis points to 43.9 percent. Gross margin benefitted from a shift in the mix of the Company’s revenues to higher margin products and businesses, higher average prices, easing raw materials product input costs and continued strength in the higher margin Direct-to-Consumer business. These benefits were partially offset by unfavorable changes in foreign exchange rates and higher labor product input costs.

Inventories for NIKE, Inc. were $3.7 billion, up 11 percent from November 30, 2012. NIKE Brand wholesale unit inventories increased 7 percent to support future demand. Changes in foreign currency exchange rates and product cost drove an approximate 4 percentage point net increase in NIKE, Inc. inventory growth.

For earnings history and earnings-related data on Nike, Inc. (NKE) click here.

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