adidas AG

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following geographical segments: EMEA, North America, Greater China, Asia-Pacific, Latin America, and Other Businesses. The Other Businesses segment includes the activities of the Y-3 label and other subordinated businesses. The company was founded by Adolf Dassler in 1920 and is headquartered in Herzogenaurach, Germany.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

I am neutral on Adidas (ADDYY) due to its history of missing guidance and prefer to wait for 4Q24 results before upgrading to a buy. Despite solid improvements in 1H24 and 3Q24, ADS's track record of missed revenue guidance from FY17-FY22 raises concerns about its future performance. Management's positive comments on the Lifestyle and Performance portfolios and North America's near-positive growth inflection suggest potential for low-teens growth.

adidas: Strong Potential For Growth Acceleration, But I Await More Evidence

Investigators carried out searches at Adidas's headquarters for a second consecutive day, the Financial Times reported, the latest stage in a years-long probe of what Handelsblatt newspaper reported was 1.1 billion euros of tax damage.

Adidas raided for second day running in EU tax investigation, FT reports

NIKE

Consumer discretionary stocks have struggled but are rebounding with recent FED rate cuts, with XLY outperforming SPY and DIA significantly. Nike, despite its brand dominance, has seen a 27% loss YTD, while Adidas has delivered a 24% gain, post-Yeezy settlement. Adidas shows stronger recent performance with increased sales, profits, and a promising turnaround plan, while Nike faces a challenging transition under new leadership.

Nike Vs. Adidas: Which Will Put A Spring In Your Step?

The sportswear maker said some of its locations in Germany were searched in connection with an investigation into customs and tax-import compliance.

Adidas Confirms Raids Relating to Imports Investigation

Adidas's headquarters in Germany were raided in connection with a tax investigation. Authorities are probing customs and tax regulations for products imported into Germany over a five-year period that began in October 2019.

Adidas's German headquarters raided in connection with tax investigation

Authorities raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday.

Adidas headquarters raided in years-long tax investigation, company says

Here is how Adidas AG (ADDYY) and Norwegian Cruise Line (NCLH) have performed compared to their sector so far this year.

Are Consumer Discretionary Stocks Lagging Adidas (ADDYY) This Year?

Adidas has locked in 16-year-old basketball star Kaleena Smith. The signing represents Adidas' first signing of a high school female basketball player.

Adidas signs first NIL deal with girls' high school basketball player

Here is how Adidas AG (ADDYY) and Kontoor Brands (KTB) have performed compared to their sector so far this year.

Is Adidas (ADDYY) Stock Outpacing Its Consumer Discretionary Peers This Year?

Adidas posted strong third-quarter growth. CEO Bjørn Gulden said the footwear giant is building momentum to become "a great company again.

Adidas is getting back on track after Yeezy woes

adidas AG (OTCQX:ADDYY) Q3 2024 Earnings Call October 29, 2024 10:00 AM ET Company Participants Sebastian Steffen - Head, Investor Relations Bjørn Gulden - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Edouard Aubin - Morgan Stanley Zuzanna Pusz - UBS Piral Dadhania - RBC Jürgen Kolb - Kepler Cheuvreux Warwick Okines - BNP Paribas Exane Monique Pollard - Citi Geoff Lowery - Redburn Adam Cochrane - Deutsche Bank Aurelie Husson-Dumoutier - HSBC Operator Ladies and gentlemen, welcome to the adidas AG Q3 2024 Conference Call and Live Webcast. I am Maura, the Chorus Call operator.

adidas AG (ADDYY) Q3 2024 Earnings Call Transcript

The sale of parts of the remaining Yeezy inventory generated revenue of around $215 million in the quarter - well below last year.

Adidas, Kanye West reach settlement two years after brand ended partnership with rapper

The agreement with the rapper, which involved no payments, was disclosed as Adidas reported a 71% jump in third-quarter net profit, beating analysts' expectations.

Adidas Reaches Out-Of-Court Settlement With Kanye West

The German sportswear seller had previously been embroiled in a long-running dispute with the rapper now known as Ye over its decision to end its partnership with him in October 2022

Adidas reaches out-of-court settlement with rapper Kanye West

Adidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement.

Adidas reaches out-of-court settlement with rapper Ye

Adidas AG's Yeezy (aka publicly exiled US rapper Kanye West) troubles led to a 3% year-on-year decline in e-commerce revenue for the third quarter. While the sale of remaining Yeezy inventory generated approximately €200 million in revenue, this was notably lower than the €350 million reported in the third quarter of last year.

Yeezy nightmare causes Adidas' online revenues to fall

Top Adidas shareholder Groupe Bruxelles Lambert has cut its stake in the German sportswear company to 3.51%, Adidas announced in a filing on Tuesday.

Top Adidas shareholder cuts stake to 3.51%

Adidas on Tuesday said it saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection were up on the year on increasing brand momentum.

Adidas reports rise in China sales in third quarter

Adidas' board member for global sales, Arthur Hoeld, will step down from the German sportswear company's executive board at the end of October, it said in a statement on Friday.

Adidas global sales exec to step down from board at end of October

Birkenstock Holding Plc

Carter's

Steven Madden

Wolverine World Wide

Rising costs from commodity inflation and ongoing reinvestments impact the Shoes & Retail Apparel industry. Companies like ADDYY, BIRK, SHOO, CRI and WWW are expected to benefit from product innovation, strong consumer demand and digital investments.

5 Shoes & Retail Apparel Stocks in Focus Amid Industry Struggles

Analysts drew contrasts with Nike's struggling performance after Adidas reported another beat-and-raise quarter.

‘The brand heat is undeniable.' What analysts are saying about the latest beat-and-raise at Adidas

The German sportswear company cited better-than-expected results for the third quarter and brand momentum.

Adidas Raises Guidance on Better-Than-Expected Results

Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the third quarter and good brand momentum as it benefits from demand for its retro three-striped Samba and Gazelle shoes.

Adidas raises 2024 guidance again, citing good brand momentum

Nike's ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival, but the German brand will have to work harder to keep shoppers interested in its key Samba and Gazelle terrace sneakers.

As Nike struggles, Adidas must surf Samba wave with caution

Community Bank System

Carnival

RWE AG

Transmedics Group Inc

CCL, TMDX, CBU, RWEOY and ADDYY have been added to the Zacks Rank #1 (Strong Buy) List on October 3, 2024.

News for adidas AG Stock (ADDYY)