NKE

Shares of Nike (NYSE: NKE) are down 32.2% year-to-date due to adverse macro conditions. In late June, the athletic apparel and footwear giant posted better-than-expected results for the fourth quarter of FY22 (ended May 31, 2022). However, investors and Wall Street community seem to be concerned about the impact of soaring inflation, supply chain woes, and an impending recession on Nike and other consumer discretionary companies. Nike Faces Near-Term Challenges Nike's Q4 FY22 results exceeded analysts’ expectations, but both revenue and earnings were down year-over-year. Revenue declined 1% to $12.2 billion, and earnings per share (EPS) fell 3.2% to $0.90.
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