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

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Adidas faces a a whopping $527.5 million earnings hit if it can't sell its Yeezy inventory.

Adidas doesn't know what to do with $1.3B in leftover Yeezy sneakers

Adidas' management call “intrigued” analysts at Jefferies when it “twice-confirmed” its aim for double-digit sales growth in its post-recovery phase. Analysts noted this implied “punchy” levels of global share gains for the sportswear brand.

Adidas 'intrigued' at its management call, said Jefferies

After walking away from Kanye West last year, sneaker maker Adidas AG is still trying to figure out what to do with nearly $1.3 billion worth of tarnished, leftover gear that's still branded in the rap megastar's name.

Adidas has piles of Kanye West's Yeezy shoes and no idea what to do with them — ‘If you can't sell and you can't destroy, what's your option?'

adidas AG (OTCQX:ADDYY) Q4 2022 Earnings Conference Call March 8, 2023 9:00 AM ET Company Participants Sebastian Steffen - Head of Investor Relations Bjorn Gulden - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Graham Renwick - Berenberg Erwan Rambourg - HSBC Geoff Lowery - Redburn Warwick Okines - BNP Paribas Jurgen Kolb - Kepler Cheuvreux Cedric Lecasble - Stifel Nicolaus James Grzinic - Jefferies International Edouard Aubin - Morgan Stanley Olivia Townsend - JPMorgan Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

adidas AG (ADDYY) Q4 2022 Earnings Call Transcript

More losses could be ahead as the company forecast a 500 million-euro hit to earnings this year if it decides not to repurpose the remaining Yeezy products it has in stock.

Adidas, hurt by unsold Kanye West Yeezy sneakers, posts $540M loss

Adidas , burnt by the end of its tie-up with the artist formerly known as Kanye West, needs a new focus but should think more tactically about fresh celebrity partnerships and not count so much on one personality, industry experts said.

Adidas, burnt by Kanye West split, seeks a new focus

FRANKFURT, Germany (AP) — Adidas is still wrestling with how to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes after its breakup with the rapper formerly known as Kanye West, forcing the German sportswear maker into a big loss at the end of last year and expectations of more pain ahead.

Adidas still doesn't know what to do with $1.3 billion worth of Yeezy shoes

Adidas has revealed plans for a huge cut to its dividend as it battles the costly fallout from its failed partnership with rapper and fashion designer Kanye West.

Adidas warns of first loss in decades after split with Kanye West - as it decides what to do with mountain of unsold Yeezy trainers

Kasper Rorsted the former chief executive officer of Adidas is set to receive €16mln following his departure in November, according to the company. Some €12mln will be paid out to the boss in the form of severance pay, as Rorsted's departure came four years before his contract expired.

Former Adidas boss to receive €16mln following departure

Adidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it may have to write off the entire range of Yeezy-branded clothing and sneakers.

Yeezy fallout could push Adidas into its first annual loss in 31 years

The German sportswear giant has a mountain of unsold Yeezy shoes leftover from its partnership with Ye.

Adidas Slashes Dividend Amid Fallout From Kanye West Breakup

The company is writing off €700 million ($739 million) from unsold inventory. It terminated its partnership with rapper Ye last year, which is proving costly.

Adidas Posts a Big Loss. The Yeezy Split Is Proving a Drag.

Adidas (ETR: ADS) share price pulled back on Wednesday amid rising concerns about the company. The firm slashed its dividend and warned of a tough road ahead toward recovery.

Adidas share price is crashing: Is it the new Credit Suisse?

The sportswear giant has warned it'll take a $1.3 billion hit to earnings after severing ties with Ye (Kanye West) and the Yeezy sneaker partnership.

Adidas will slash its dividends as the split with Kanye West's Yeezy looks set to wipe out $1.3 billion in earnings

Adidas on Wednesday reported a substantial fourth-quarter loss and slashed its dividend, following the costly termination of its partnership with Kanye West's Yeezy brand in October.

Adidas warns of first annual loss in three decades and cuts dividend after Ye split

The company on Wednesday said it "continues to review future options" for the Yeezy products in its warehouses and storage rooms.

Adidas hasn't decided whether it's going to take a $526 million hit from not selling remaining Yeezys

A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022 in which it dumped its chief executive and ended a partnership with rapper Kanye West.

Adidas Slashes Dividend as Problems Mount

Adidas AG said Wednesday that it has extended the contract of finance chief Harm Ohlmeyer for a further three years and that two members of the executive board are to step down.

Adidas extends CFO's contract, while two other executives are on the way out

Adidas reiterates forecast for 10% revenue decline in 2023, will propose significantly lower dividend amid Yeezy fallout

Adidas will slash its 2022 dividend, it said Wednesday, warning a split with rapper and fashion designer Kanye West could push it to its first annual loss in three decades this year.

Adidas to slash dividend after Kanye West split

Marimekko Corporation, Press release, 7 March 2023 at 1.00 p.m. EET

Marimekko and adidas announce a new limited-edition collaboration collection

The company warned that it faces a more than $500 million hit to its operating profit this year.

Adidas could ‘literally burn' $500M in unsold ‘Yeezy' apparel: report

"A year of two halves" for European sportswear companies Adidas and JD Sports, according to JP Morgan. Analysts at the bank said the first half would be characterised by “material gross margin pressure", while a stronger second half would be supported by an accelerated recovery in China.

JD Sports and Adidas set for a 'year of two halves', says JP Morgan

VP of the adidas /// studio, Erika Wykes-Sneyd, elaborated during an exclusive interview at NFT Paris.

Metaverse Fashion Week 2.0 Line-Up Revealed With A Global First From Adidas

Adidas' new deal with Major League Soccer will run through 2030.

News for adidas AG Stock (ADDYY)