Shares of Nike (NYSE: NKE) are up 13.6% on Wednesday at 11:03 a.m. Converse revenue was up 5% (and 12% in constant currency) to $586 million, driven by double-digit-percentage growth in North America, partially offset by a decline in Asia. The high-inflation environment has caused many consumers to cut back on discretionary spending, so Nike investors were probably relieved to see that the company's bottom line held steady.