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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Looks Like adidas Has Found Its Bottom Now

NIKE

Allbirds is debuting its first running shoe. And it's doing it in the middle of a pandemic.

Allbirds debuts its first running shoe. To succeed, it must face rivals like Nike and the challenges of a pandemic

adidas AG ADR (ADDYY) CEO Kasper Rorsted on Q1 2020 Results - Earnings Call Transcript

The company is seeing recovery in some key markets, but its next quarterly report will likely bring a steep sales decline and an operating loss.

Adidas' Profits Cratered in the First Quarter, and Q2 Could Be Even Worse

Adidas warned of an even bigger hit to second-quarter sales and profits from coronavirus lockdowns, after the German sportswear firm reported first-quarter earnings were almost wiped out and said it had not yet seen a full rebound in China. Adidas said 60 percent of its business was currently at a standstill, with more than 70.

Adidas forecasts dismal second quarter as sales continue to drop

Adidas  warned of an even deeper hit to second-quarter sales and profits from coronavirus lockdowns after the German sportswear firm reported worse-than-expected first-quarter results and said it had not yet seen a full rebound in China.

Adidas says worse to come as profits and sales plunge

Adidas (ETR: ADS) said on Monday that its profit in the first quarter came out 93% lower. The German sportswear manufacturer also reported a 19% decline in its quarterly sales as the Coronavirus pandemic pushed retailers into temporarily shutting down stores in Q1.

Adidas reports a 93% decline in quarterly profit as Coronavirus keeps retail stores closed

Adidas has predicted that sales will fall by 40% in the second quarter, as the impact of the coronavirus takes hold.

Adidas projects a 40% decline in sales for the second quarter

Adidas  reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced the German sportswear maker and other retailers to close stores.

Adidas misses forecasts with 93% profit plunge, warns on sales

German sportswear firm Adidas  plans a multi-billion euro bond so that it no longer needs the state-backed loan it agreed to take earlier this month to help it get through the coronavirus crisis, Manager Magazine reported on Thursday.

Adidas plans a multi-billion bond to replace state loan: Manager Magazine

German sports retailer Adidas  on Tuesday said it received approval for a syndicated 3 billion-euro ($3.3 billion) government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus.

Adidas gets 3 billion euro government backed loan, suspends dividend

German sportswear maker Adidas  apologizes on Wednesday for saying it would stop paying rent for stores around the world forced to close by coronavirus lockdowns after a storm of criticism, saying it would pay up for April after all.

Adidas apologizes for deferring store rent, will pay up

German sportswear maker Adidas  apologised on Wednesday for saying it would stop paying rent for stores forced to close by coronavirus lockdowns after a storm of criticism, saying it would pay up for April after all.

Adidas apologises for deferring store rent, will pay up

Germany's Adidas  on Tuesday said it will suspend a 1 billion euros share buyback it had planned for this year as a way to conserve cash after closing its retail outlets in Europe and North America.

Adidas stops 1 billion euros share buyback

After saying it would stay open, the company has changed course.

Adidas Reverses Its Decision, Decides to Close Its Stores

Adidas on Tuesday joined rival Nike in announcing store closures in response to the coronavirus pandemic. Adidas and Reebok-owned stories in Europe, North America and Canada will be closed temporarily, the company said in an e-mailed statement.

Adidas to close all stores in North America and Europe amid coronavirus outbreak

German sportswear maker Adidas  on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic.

Adidas joins Nike in announcing store closures over coronavirus

German sportswear maker Adidas expects first-quarter sales to drop by up to $1.14 billion in greater China due to the coronavirus and while business is picking up there, it is now being hit in Japan and South Korea. China accounted for 20 percent of Adidas sales in 2018.

Adidas shares sink 14 percent amid weakness in Asian markets

adidas AG (ADDYY) CEO Kasper Rorsted on Q4 2019 Results - Earnings Call Transcript

Adidas warned on the coronavirus' impact, while rival Puma issued a similar warning over the outbreak.
The post Nike Rival Adidas Estimates Staggering Q1 Sales Loss In China appeared first on Investor's Business Daily.

Nike Rival Adidas Estimates Staggering Q1 Sales Loss In China

The footwear and apparel company offered investors generally upbeat guidance for 2020, but admitted that it wasn't trying to fully factor in the looming impact of COVID-19.

Adidas Expects Coronavirus to Take $1 Billion Out of Its China Sales

German sportswear makers Adidas  and Puma  warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement there the impact had spread to other markets.

Adidas sees $1 billion coronavirus hit to China sales, Puma warns on profit

The Adidas GMR smart insole enables players to track their soccer games and compete in virtual competitions via the FIFA app.

Adidas' smart insole puts the 'track' back in track shoes (well, soccer shoes)

Electronic Arts

Alphabet

The new Adidas GMR insoles will help EA "FIFA" players up their games.

Electronic Arts, Adidas, and Google to Bring Wearable Tech to Sneakers

Adidas is one of the latest companies to send materials to the International Space Station in the name of science. Or, in this particular case, more comfortable footwear.

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