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1 CFO Isn't Worried About the Economy (Yet)

TheMotleyFool

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1 CFO Isn't Worried About the Economy (Yet)

When Nike (NYSE: NKE) reported fiscal fourth-quarter 2022 earnings on June 27, it was our first major look at how consumer behavior has changed in the first half of the year as interest rates rose and the economy showed signs of slowing.

There were some points of weakness, but nothing that would indicate we are headed toward an economic calamity. For now, Nike Chief Financial Officer Matthew Friend doesn't think consumers are pulling back at all, despite what the market seems to believe.