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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As Adidas looks for a new chief executive, experts and analysts are advising the German footwear company to get creative. “The company needs to get back to the creative edge,” said Cowen analyst John Kernan Friday (Oct. 7) in a Bloomberg News report on the search for a chief executive officer.

Adidas Seeks CEO, Questions Kanye West Deal

Kanye West took to social media to express his frustration with Adidas, after the company announced it would be reviewing their current business partnership.

Kanye West erupts after Adidas puts Yeezy partnership 'under review' following 'White Lives Matter' statement

The announcement comes days after the rapper and designer was seen wearing a “White Lives Matter” shirt during Paris Fashion Week.

Adidas Says Its Business Partnership With Kanye West Is ‘Under Review'

Adidas Yeezys have become somewhat of a cultural phenomenon. But they may be discontinued soon if either party decides to end the partnership.

Adidas Places Kanye West Partnership Under Review. The Stock Drops.

“F*** ADIDAS I AM ADIDAS,” West responded to the company's statement.

Adidas Reconsidering Kanye West's Yeezy Line

German sporting goods maker Adidas on Thursday said it has put under review its business partnership with rapper and fashion designer Kanye West.

Adidas puts partnership with Kanye West under review

West partnered with Adidas in 2013 to manufacture and distribute items from his Yeezy clothing line. He's recently been publicly critical of the company and its CEO.

Adidas says its relationship with Kanye West is under review

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Investors should look for opportunities in international equities as the dollar continues to gain and retain strength, says David Herro – the Vice President of Oakmark Funds.   U.S. dollar index hits a forty-year high “DXY” at a twenty-year high of 114 on Tuesday is largely a bane for the home companies.

Buy ‘international equities' to capitalise on strong U.S. dollar: Pro

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Usually, the winter season brings levity to people as the holidays approach, but the chilly economic nature this year brings up the uncomfortable topic of retail stocks to sell. Fundamentally, Federal Reserve Chair Jerome Powell indicated that his top priority is controlling inflation.

7 Retail Stocks to Dump Before the Coming Holiday Sales Slump

The best times to buy cyclical stocks is when there is no good news. adidas was first hit by the COVID recession, and then more recently by the war in Ukraine, and rising fuel and energy costs.

It's Time To Buy adidas Stock And Wait For A Recovery

adidas could generate about 5.2X faster real income growth than the S&P 500 and 18X faster income growth than a 60/40. adidas's payout ratio policy is 40% to 50%, and it's expected to bring that down from 50% this year to 30% by 2026.

4 Reasons It's Time To Get Greedy On adidas

Adidas CEO Kasper Rorsted will be stepping down from his position next year. The German-based company has already begun looking for its next chief executive.

Adidas announces CEO Kasper Rorsted stepping down in 2023

Saying it's time for a restart, footwear company Adidas announced that its supervisory board and CEO Kasper Rorsted have mutually agreed that Rorsted will leave the CEO position in 2023.  Rorsted will remain CEO as the company searches for a successor and until the new CEO has been appointed, Adidas said Monday (Aug.

Seeking a ‘Restart' Adidas Looks for New CEO

Adidas ADS, -3.33% in a brief statement said that CEO Kasper Rorsted will leave next year. The company said the decision was made mutually by Rorsted and the board.

Adidas says CEO to leave next year in mutually agreed decision

German sporting goods maker Adidas said its Chief Executive Kasper Rorsted would leave his post next year, before his contract is due to run out, and that it had started searching for a successor.

Adidas says CEO Rorsted to give up his post in 2023

adidas has seen plenty of downward pressure in its share price over the past few months - but we view our bullish thesis as very much intact. Our stance is that our long-term investment in adidas will be a triple-digit return sort of venture, with plenty of safety to go with it - exactly what we want.

adidas: The Market Isn't Being Logical Here

Any longer-term collapse of China as a growth market could undermine Adidas sales and profit targets up to 2025, the sports goods company told Handelsblatt business daily on Tuesday.

Long-term China problems would hit Adidas targets to 2025 - Handelsblatt

adidas AG (OTCQX:ADDYY) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Sebastian Steffen - Head, Investor Relations Kasper Rorsted - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Grace Smalley - JPMorgan Graham Renwick - Berenberg Aneesha Sherman - Bernstein Cédric Lecasble - Stifel Jurgen Kolb - Kepler Cheuvreux Zuzanna Pusz - UBS James Grzinic - Jefferies International Thomas Chauvet - Citi Research John Kernan - Cowen Warwick Okines - BNP Paribas Exane David Roux - BofA Operator Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the adidas AG Second Quarter 2022 Conference Call.

adidas AG (ADDYY) CEO Kasper Rorsted on Q2 2022 Results - Earnings Call Transcript

adidas AG (OTCQX:ADDYY) sales and profits jogged lower in the second quarter, hampered by supply squeezes and revenue losses in Russia as well as lockdowns in China. The German sportswear manufacturer also gave lower guidance for the full year, saying currency-neutral revenues is set to grow to high-single-digit rate in 2022 compared to previous outlook of 11%-13% range, reflecting a double-digit decline in Greater China.

Adidas' second quarter sales increase but operating profit declines

Weak sales in China leave the sportswear brand increasingly reliant on consumers in Europe and the U.S. to hit its 2025 financial targets.

Adidas's Fitness Regime Looks Like a Stretch

Adidas CEO Kasper Rorsted believes the controversial Saudi-backed LIV Golf series is part of a "normal evolution" of the sport.

Adidas boss says LIV Golf a 'normal evolution,' wants to focus on player partnerships

Adidas sales crimped by China lockdowns and Russia closures

Adidas on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply chain costs and COVID-19 lockdowns in China and Vietnam.

Adidas posts 28% decline in Q2 operating profit despite sales increase

Footwear giant Adidas announced Tuesday (July 26) that it's adjusting its outlook for this year downward, citing a slower-than-expected recovery across Greater China since the start of the third quarter and the potential for slowdowns in other markets as a recession looms.

Adidas Scales Back Its Financial Outlook for the Year

FRANKFURT (Reuters) -Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions.

News for adidas AG Stock (ADDYY)