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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As Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle sneakers, it's also taking steps to prevent the shoes from becoming victims of their own success.

Focus: Adidas plots to swerve Samba slump

Adidas AG (OTCQX:ADDYY) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Sebastian Steffen - SVP, IR Bjorn Gulden - CEO Harm Ohlmeyer - CFO Conference Call Participants Piral Dadhania - RBC Capital Markets Zuzanna Pusz - UBS Edouard Aubin - Morgan Stanley Monique Pollard - Citigroup Cedric Lecasble - Stifel, Nicolaus & Company Aneesha Sherman - Sanford C. Bernstein & Co. Jurgen Kolb - Kepler Cheuvreux Jonathan Komp - Robert W.

Adidas AG (ADDYY) Q1 2024 Earnings Call Transcript

adidas AG (OTCQX:ADDYY) will sell €350 million worth of Yeezy stock in the current financial year, around a year and a half after the fashion group cut ties with Kanye West and his brand. Previous sales guidance for the controversial rapper's remaining stock was €250 million, however, after a strong first quarter, in which €150 million of Yeezy items were sold, forecasts have been increased to €350 million.

Adidas ups Yeezy sales guidance years after axing partnership

Adidas posted above-forecast profits for the first quarter, citing brand momentum, and confirmed its recently-lifted outlook for the year.

Adidas Maintains Outlook as First Quarter Tops Forecasts

Adidas' strong first-quarter results were helped by growth across all regions, excluding North America, where inventory levels are still high, the German sportswear brand said on Tuesday.

Adidas first-quarter growth dimmed by North America sales dip

Hibbett Sports

NIKE

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S.

Nike, Adidas, and HOKA will soon be sold in JD Sports thanks to Hibbett's $1 billion buy

adidas AG is likely to continue enjoying improved profit and sales over the coming years after unveiling stronger first-quarter trading earlier this week, analysts have said. adidas bumped up full-year guidance midweek after beating first-quarter expectations on stronger profit margins and sales of the likes of footwear products.

adidas only at beginning of improvement cycle - analysts

Nike (NYSE: NKE) stock price has diverged from that of Adidas in the past few months. Nike's shares are hovering near the lowest level since September 2023.

Nike stock price forms triple bottom as Adidas golden cross nears

SAP SE

The DAX index has done well this year as demand for European companies continued rising. The index soared to a record high of €18,571 on April 2nd.

Best German stocks to buy and hold as the DAX index rallies

Athletic-apparel firm Adidas beat first-quarter estimates for revenue and operating profit, and raised estimates.

Adidas Stock Is Rising. Strong Earnings Show Company Has ‘Turned the Corner.

Shares in adidas AG (OTCQX:ADDYY) sprinted up almost 8% to a two-year high of €218 as the sportswear group beat expectations for the first quarter and upped its full-year guidance.  Revenues increased 8% versus the prior year level, the German giant said in an ad-hoc statement released overnight, with the top line up 4% in euro terms at €5.5 billion.

Adidas sprints to 2yr high as trainer sales grow more than expected

Shares of Adidas jumped on Wednesday after the company raised its full-year guidance and reported a first-quarter profit hike, according to preliminary figures.

Adidas shares rise 6% after first-quarter profit hike, improved outlook

Adidas shares rallied on Wednesday as the athletics apparel maker continued its recent practice of pre-releasing results that were ahead of estimates.

Adidas stock rallies to two-year high after lifting guidance

Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter.

Adidas Raises Annual Profit Forecast

Adidas on Tuesday raised its 2024 profit outlook after what the German sportswear giant said was a better than expected first quarter.

Adidas raises 2024 outlook after strong first quarter

Shares in adidas AG (OTCQX:ADDYY) were given a double-upgrade by Morgan Stanley (NYSE:MS), based on ever-wider positive consumer sentiment about the sort of sports shoes it makes, typified by 'terrace trainers' like the Gazelle, Samba and Spezial. The German sportswear giant's "lifestyle momentum has legs", the investment bank Morgan Stanley said, lifting its rating to a positive 'overweight' from the previous bearish 'underweight' stance, with a share price target hiked to €235 from €175.

Adidas soccer terrace trainer trend is a winner, says Morgan Stanley

Helped by consumer appetite for lifestyle shoes and a signature basketball sneaker from NBA player Anthony Edwards, Adidas shares have turned into a buy.

Adidas wins double upgrade at Morgan Stanley, thanks to ‘Spezial' and other shoes

German sportswear brand Puma is using this year's Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to carve out space in an increasingly competitive running and lifestyle market.

Puma hones focus on speed in Olympic battle with Adidas and Nike

adidas receives a buy rating due to strong execution by the new CEO and positive signs of turnaround and improvement. North America shows early signs of recovery, EMEA maintains healthy sell-out momentum, and Greater China delivers impressive growth. The order book significantly improves, showcasing restored relationships with trade channels, but execution risk remains a concern for future growth.

adidas AG: Upgraded To Buy As Management Continues To Deliver And Execute

AP Moller - Maersk A/S

BASF SE

AMKBY, ADDYY and BASFY have been added to the Zacks Rank #5 (Strong Sell) List on March 27, 2023.

New Strong Sell Stocks for March 27th

Shares in Europe's top sportswear companies fell on Friday following a mixed set of results from Nike.

Adidas, Puma shares slip after Nike results lead to caution

Adidas posted its first annual loss in more than three decades on Wednesday, and warned that US sales will drop this year as the German sportswear giant continues selling off its remaining Yeezy inventory. For 2023, Adidas posted a $63.4 million net loss, its first since 1992, MSN earlier reported.

Adidas suffers first full-year loss since 1992, warns of US sales drops as it sells off Yeezy sneakers

Adidas AG (OTCQX:ADDYY) shares fell sharply after the sportswear group reported its first annual loss since 1992. The German giant posted a full-year net loss of €58 million as revenues declined 5% to €21.4 billion, though were flat on a currency-neutral basis.

Adidas reports first loss since 1992

Adidas said it will propose a flat dividend for 2023 and that growth this year was expected to be geared toward the second half, as growth in the first half would be hurt by work to reduce inventories in the North American market.

Adidas Growth Hurt by High North America Inventories

Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its Yeezy inventory.

News for adidas AG Stock (ADDYY)