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.

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Adidas AG (OTCQX:ADDYY) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Sebastian Steffen - SVP, IR Bjorn Gulden - CEO & Head, Global Brands Harm Ohlmeyer - CFO Conference Call Participants Erwan Rambourg - HSBC Simon Irwin - Crédit Suisse Adam Cochrane - Deutsche Bank Piral Dadhania - RBC Capital Markets Zuzanna Pusz - UBS Cedric Lecasble - Stifel, Nicolaus & Company Thomas Chauvet - Citigroup Jurgen Kolb - Kepler Cheuvreux David Roux - Bank of America Merrill Lynch Aneesha Sherman - Sanford C. Bernstein & Co. Warwick Okines - BNP Paribas Exane Operator Good afternoon, ladies and gentlemen.

Adidas AG (ADDYY) Q1 2023 Earnings Call Transcript

Adidas Chief Executive Bjørn Gulden can't quite hit the ground running yet, but his first move—setting a low bar—is turning out to be a pretty solid strategy for the company's stock.

Adidas's New CEO Shows Good Form

Seven months after Adidas cut ties with Ye, the break-up continues "hurting" the brand, the CEO said as boxes of once-popular Yeezy shoes are still piling up in warehouses. The German sportswear company reported a $441 million loss in sales at the start of 2023.

Adidas CEO says Yeezy ‘hurting' the brand as sneakers languish in warehouses 7 months after split

Kanye West has reportedly set up a location on Melrose Avenue in Los Angeles — on the same block as an Adidas store. The Yeezy location features a 7,400-square-foot showroom and is two doors away from the Adidas store, Rap-Up reported Thursday (May 4).

Yeezy Opens Location and Holds Fashion Show Near Adidas

Adidas reported first quarter earnings that beat expectations Friday and said the Chinese market was improving, sending its shares up 8%, although its chief executive warned the group still faces a "bumpy year with disappointing numbers."

Adidas shares gain on earnings but CEO warns of 'bumpy year' after end of Yeezy deal

The discontinuation of Yeezy sales caused a $441 million revenue drop in the first quarter.

‘Adverse Yeezy Impact': Adidas Projects $771 Million Loss This Year After Cutting Ties With Kanye

Shares in Adidas approached an eight-month high after the German trainer and sportswear maker reported stronger quarterly sales than expected everywhere apart from in North America.  Sales in the US and Canada were most affected by the cancellation of the Yeezy contract with Kanye West on the back of the rapper's string of anti-Semitic rants and Nazi-sympathising rhetoric.

Adidas jumps despite US sales tumbling after Yeezy demise

Adidas XE:ADS is still looking at options for leftover Yeezy stock but continues to expects a major operating loss this year if it writes off the sneakers, it said Friday as it reported first-quarter sales that were a little better than expected.

Adidas reports slightly better sales, but still expects loss from Yeezy writedown

Adidas (ADDYY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Adidas (ADDYY) Ahead of Earnings?

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired adidas AG (“adidas” or the “Company”) (OTC: ADDYY, ADDDF) securities between May 3, 2018 and February 21, 2023, inclusive (the “Class Period”). adidas investors have until June 27, 2023 to file a lead plaintiff motion. If you suffered a loss on your adidas investments.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of adidas AG (ADDYY, ADDDF) Investors

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Global-e has demonstrated robust growth since going public in 2021. Net loss has been growing as the company expands.

Why Global-e Stock Dropped 14% in April

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased adidas AG (“adidas” or the “Company”) (OTC: ADDYY, ADDDF) securities between May 3, 2018 and February 21, 2023, inclusive (the “Class Period”). adidas investors have until June 27, 2023 to file a lead plaintiff motion. Investors suffering losses on their adidas investments are encouraged to contact the Law Offices of Howard G. Smith to discuss.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of adidas AG (ADDYY, ADDDF) Investors

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against adidas AG (“adidas” or the “Company”) (OTC: ADDYY) in the United States District Court for the District of Oregon on behalf of all persons and entities who purchased or otherwise acquired adidas securities between May 3, 2018 and February 21, 2023, both dates inclusive (the “Class Period”). Investors have until June 27, 202.

ADIDAS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against adidas AG and Encourages Investors to Contact the Firm

NIKE

Rep. Mike Gallagher, Chairman of the House Select Committee on the CCP goes after Nike, Adidas, others.

Nike, Adidas, Shein, Temu Sent Letter From House China Committee About Forced Labor

NEW YORK , May 2, 2023 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against adidas AG ("adidas" or the "Company") (OTC: ADDYY; ADDDF) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired adidas securities between May 3, 2018 and February 21, 2023, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/addyy.

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies adidas AG (ADDYY; ADDDF) Investors of Class Action and to Actively Participate

Did you lose money on investments in adidas?  If so, please visit adidas AG Shareholder Class Action Lawsuit or contact  Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

ADIDAS AG (OTC PINK: ADDDF, ADDYY) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against adidas AG (OTC PINK: ADDDF, ADDYY)

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of adidas AG (“adidas” or the “Company”) (OTC: ADDYY, ADDDF) investors concerning the Company's possible violations of federal securities laws. On November 27, 2022, The Wall Street Journal reported that adidas's senior leadership had discussed the risks of continuing a relationship with Kanye West as far back as 2018. On this news, ADDDY fell $2.02, or 3.1%, to close at $62.34 per share, while A.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of adidas AG (ADDYY, ADDDF) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of adidas AG (“adidas” or the “Company”) (OTC: ADDYY, ADDDF) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your adidas investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, yo.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of adidas AG (ADDYY, ADDDF) on Behalf of Investors

The lawsuit said the company misled shareholders by hiding details of the artist's antisemitic behavior; Adidas rejected the claims.

Investors Sue Adidas Over Kanye West Collaboration

Adidas will increase its focus on sports in the U.S. to propel its stateside business. “We want to double down on all of the things that are U.S.-centric, particularly around sport,” Rupert Campbell, president of the company's North America operations, said in an interview with The Wall Street Journal interview Sunday (April 30).

Adidas Bets on Sports and All Things ‘US-Centric'

Adidas shareholders filed a class-action lawsuit against the brand, accusing it of failing to warn investors about the antisemitism and "extreme behavior" exhibited by the rapper formerly known as Kanye West, before their partnership ended last year.

Adidas sued by shareholders over its failed Ye partnership

NEW YORK , April 30, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of adidas AG (OTC: ADDYY, ADDDF) between May 3, 2018 and February 21, 2023, both dates inclusive (the "Class Period"). A class action has already been filed.

ADDYY, ADDDF ALERT: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages adidas AG Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - ADDYY, ADDDF

The sportswear brand is seeking to reassert its identity as a sports company first and foremost amid a global reset.

Adidas Targets Basketball, Soccer to Drive Post-Yeezy Rebound

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of adidas AG (“adidas” or the “Company”) (OTC: ADDYY, ADDDF) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On November 27, 2022, The Wall Street Journal reported that adidas's senior leadership had discussed the risks of continuing a relationship with Kanye West as far back as 2018. On.

The Law Offices of Frank R. Cruz Announces Investigation of adidas AG (ADDYY, ADDDF) on Behalf of Investors

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of adidas AG (OTC: ADDYY, ADDDF) between May 3, 2018 and February 21, 2023, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for adidas investors under the federal securities laws. To join the adidas class action, go to https://rosenlegal.com/submit-form/?case_id=12204 or call Phillip Kim, Esq. toll-f.

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