SAN FRANCISCO (Reuters) - Nike Inc said on Wednesday that quarterly net profit rose 9 percent as higher-priced products and international growth offset lower revenue in the U.S. and at the non-Nike brands group.
Shares rose nearly 3 percent in after-hours trade.
The world's largest athletic shoe and clothing maker said second-quarter net income rose to $391.0 million, or 80 cents per share, from $359.4 million, or 71 cents per share, a year earlier.
Sales rose 6 percent, with gains in all regions except the United States, where revenue fell 1 percent.
Revenues rose 6 percent and 22 percent in Europe and the Asia Pacific region, respectively. They rose 21 percent in the Americas region.
Revenue in the company's non-Nike brands group fell 4 percent. Some of those brands include Cole Haan and Converse.
Nike has remained relatively resilient to the weakening consumer environment around the world and has still managed to raise prices in the United States, its largest, most mature market. Business this year was also buoyed by interest in the Beijing Olympics, with China as Nike's fastest-growing market.
Global orders for delivery of shoes and apparel now through April fell 1 percent, with a 6 percent rise in U.S. orders, and a 13 percent decrease in the region that includes Europe, the Middle East and Africa. Orders rose 11 for the Asia-Pacific region and 6 percent for the Americas.
Nike shares, which trade at about 12 times projected fiscal 2009 earnings, are valued above those of main German competitor Adidas AG
Shares rose 2.7 percent to $52 in extended trade, after closing on the New York Stock Exchange at $50.64, up 2 percent.
(Reporting by Alexandria Sage; Editing by Bernard Orr)
