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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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

NIKE

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.

Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory

German sportswear giant Adidas posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the U.S. struggle with high inventories.

Adidas posts first loss in 30 years and warns on US

AI has become a buzzy topic recently across many industries, but it's been used by sneakerheads for years in the form of “bots.”

Why Adidas is making people pay up front to enter Yeezy shoe raffles

Adidas ended its partnership with Ye in October 2022 -- leaving the firm with more than $1 billion million worth of Yeezy shoes in unsold inventory.

Adidas to sell more Yeezy shoes after cutting ties with Kanye West over antisemitic rants

Adidas AG has announced further stock leftover from a cancelled partnership with Kanye West will be sold off in the coming weeks. A phased sell-off of the sportswear retailer's remaining YEEZY products began on Monday, Adidas said on Monday, with further online releases planned over the weeks ahead.

Adidas sells off more YEEZY stock

Fidelity MSCI Consumer Discretionary ETF

iShares U.S. Consumer Services ETF

Vanguard Consumer Discretionary ETF

Consumer Discretionary Select Sector SPDR Fund

The consumer discretionary sector is lagging behind the SP500. In 2024, there will be the European Soccer Championship in June and the Olympic Games in July. Some of the sportswear manufacturers seem to be trading at great value in a statistically strong period.

Sportswear Manufacturers Are The Top Picks In This Year Of Olympics And UEFA Euro

Carter's

Rocky Brands

Skechers U.S.A.

The Shoes and Retail Apparel industry reflects tough trends on elevated operating and input costs. However, product innovation, robust demand trends and digital growth place it well.

5 Shoes & Retail Apparel Stocks to Watch Amid Inflation-Led Turmoils

Adidas AG was granted an upgrade by Royal Bank of Canada (TSX:RY) analysts on Monday, which saw the sports retailer's shoe brands as buoying growth over the year. Highlighting Adidas' Terrace range, analysts at the bank bumped the firm up to an ‘outperform' rating in a note, explaining in a note that such brands would help given muted consumer demand.

Adidas upgraded as analysts see shoe brands as ‘lifeline'

adidas AG (ADDYY) Q4 2023 Earnings Call Transcript

Adidas says it plans to sell its remaining stocks of Yeezy sneakers worth nearly $300 million. It wants to sell them "at least at cost," it said.

Adidas says it plans to sell its remaining Yeezy sneakers – and it doesn't want to make a loss

Adidas' shares slumped sharply Thursday morning after the company's conservative projections for 2024 fell short of analyst expectations, as the company continues to deal with the fallout of severing ties with Kanye West.

Adidas Shares Fall After Conservative 2024 Projections—But Company Plans To Sell Leftover Yeezys To Buffer Hit

adidas AG (OTCQX:ADDYY) will continue selling its leftover Yeezy stock in 2024, despite cutting ties with Kayne West, the brand's creator, back in 2022. During the fourth quarter, the group decided to not write off the additional €300 million Yeezy stock it had left over and instead will look to sell it for “at least at cost” in  2024.

Adidas to sell more Yeezy stock in 2024 as profits dwindle

Shipping disruptions in the Red Sea are negative for gross margins, Adidas CEO Bjorn Gulden said on Thursday in a call with analysts, adding that "exploding" freight rates are driving up costs and shipping delays are causing some delivery issues.

Adidas CEO says Red Sea disruptions cause delays and higher costs

Adidas shares fell on Thursday after the sportswear maker delivered a forecast for 2024 well below analysts' expectations, based on limited profits from selling off its last stocks of Yeezy shoes after its break-up with Kanye West.

Adidas shares fall after cautious 2024 outlook

The company's comments that the year got off to a lackluster start sent athletic stocks lower Wednesday.

Adidas Sees Challenges in North America

Adidas won't write off the majority of its unsold Yeezy inventory after its breakup with Ye, the rapper formerly known as Kanye West, over antisemitism.

Adidas won't write off remaining Yeezy inventory, plans to sell 'at least' at cost

The German sporting-goods company said sales on a currency neutral basis were flat last year compared with 2022.

Adidas Sales, Earnings Beat Guidance After Decision Not to Write off Most Yeezy Inventory

German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company's break-up with Kanye West and the discontinuation of its Yeezy business.

Adidas predicts 2024 leap in operating profit after Kanye West break-up

Walmart

When the Maersk Tanjong set sail from Thailand on Dec. 2, headed towards the Suez Canal to reach the U.S. East Coast, it was carrying cargo for retailers and clothing brands including Walmart , H&M , Adidas and ASOS , import and shipping data shows.

Focus: Walmart and Adidas cargo aboard, one ship's voyage to avoid the Red Sea

Adidas shares rose over 4% on Thursday with traders citing good news from a call with analysts ahead of the German sportswear maker's full-year results due in March.

News for adidas AG Stock (ADDYY)