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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NIKE

Under Armour

Nike stock was down Friday after the company lowered its outlook. The company said it planned $2 billion in cuts, which could include layoffs.

Nike stock plunges and takes rivals like Under Armour and Adidas with it

JD Sports Fashion PLC (LSE:JD.) and other leading European sportswear retailers fell sharply on Friday after Nike gave a downbeat outlook for 2024.

JD Sports, adidas and Puma knocked by downbeat Nike outlook

Shares in the world's top sportswear companies slumped on Friday after apparel giant Nike lowered its sales forecasts, warning of a drop in consumer spending, and outlined plans to make $2 billion worth of cost savings over the next three years.

Adidas, Puma, and JD Sports shares slump after Nike warning

JD Sports is one of two standouts in a generally strong sportswear sector, according to the analysts at JP Morgan. The trainer specialist offers the best combination of growth, margins, returns and valuation in the sector, with well-underpinned estimates for next year and a strong Christmas trading update ahead as suggested by recent peer reporting and US credit card data for the sector.

JD Sports and Adidas stands in luxury/sports for 2024, says JP Morgan

Roblox

Fashion brands with their own thriving Web3 communities and loyalty programs are now deepening their presence in the world of gaming.

Why Adidas Is Selling Limited Edition Merch On Gaming Platform Roblox

Rocky Brands

Skechers U.S.A.

The Shoes and Retail Apparel industry looks poised for growth on product innovation, robust demand trends and digital growth amid elevated operating and input costs. Companies like RCKY, NKE, ADDYY and SKX are positioned well.

4 Shoes & Retail Apparel Stocks to Thrive as Healthy Living Rules

Abercrombie & Fitch

The holiday shopping season is a focal point for retailers and apparel companies with the last few months being very kind to Abercrombie & Fitch (ANF) and Addidas (ADDYY) stock.

Top Apparel Stocks Hitting 52-Week Highs in December

Adidas's Euro 2024 ball will contain technology able to help referees make handball decisions.

Adidas Euro 2024 ball has microchip able to help referees make handball decisions

Adidas quipped: “meant to send that from the burner account” after it dissed 13-time All-Star Kevin Durant.

Adidas Slams Kevin Durant As ‘Dusty'—Then Deletes Post

On Holding AG

On's sponsored athletes have recently had some high-profile wins, which increase brand awareness, per management. The company uses a no-discounting policy and collaborations with luxury product retailers to maintain its premium product positioning.

3 Key Things From On Holding's (ONON) Earnings Call That Investors Should Know

Walmart

Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday.

Waste from Adidas, Walmart, other brands fuelling Cambodia brick kilns-report

adidas AG (OTCQX:ADDYY) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Sebastian Steffen - Head-Investor Relations Bjorn Gulden - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Aneesha Sherman - Sanford C. Bernstein Graham Renwick - Berenberg Erwan Rambourg - HSBC Zuzanna Pusz - UBS Jurgen Kolb - Kepler Cheuvreux Geoff Lowery - Redburn Edouard Aubin - Morgan Stanley Andreas Riemann - ODDO BHF Cristina Fernández - Telsey Advisory Group Sebastian Steffen Hello, everyone.

adidas AG (ADDYY) Q3 2023 Earnings Call Transcript

Chief executive Bjorn Gulden said the scenario is “financially the worst case.”

Adidas Could Write Off Value Of Unsold Yeezy Inventory—Worth $320 Million

The company will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism.

Adidas may write off $320M in Yeezy shoes after cutting ties with Kanye West

There's nothing like the fresh smell of opportunity in the morning, and what better way to couple today's winning pick than with a cup of coffee? If you are already caffeinated, this deal will make all the more sense to you.

Why picking Adidas over Nike is a safe bet

adidas AG (OTCQX:ADDYY) has improved its outlook for fiscal 2023 after dropping inventory for Yeezy, a collaboration between the German sports brand and Kanye West.  The Germany sportswear company said on Wednesday that it now expects “revenues to decline at a lower-single-digit rate”, impacted by the sell-off of inventory in North America.

Adidas improves outlook after shedding Yeezy stock

Adidas sold €350 million ($373 million) worth of Yeezy branded apparel in the third quarter as it continued to offload the €1.2 billion worth of stock it was left with following the end of its partnership with Kanye West after the rapper made a series of antisemitic comments.

Adidas sells another $373 million worth of Yeezy stock after cutting ties with Kanye West

adidas (ADDYY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for adidas (ADDYY) This Earnings Season?

Ralph Lauren

The results of apparel makers are poised to gain from their business momentum, driven by brand innovation and improved in-store and online experiences. ADDYY, RL and UAA are likely to report quarterly results this week.

3 Apparel Stocks With Potential to Beat on Earnings This Season

JD Sports, Adidas and to a lesser extent Puma are ideally placed to recover market share in China and, with Nike, dominate other areas of the Asia -Pacific regions, according to Citi. While the US remains the largest sportswear market globally, Asia-Pacific represents the largest growth opportunity, says the bank.

JD Sport and Adidas have big opportunity in Asia – broker

The consensus price target hints at a 48% upside potential for Adidas AG (ADDYY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 48% Upside in Adidas AG (ADDYY): Here's What You Should Know

Adidas announced an endorsement deal with Kanye West in November 2013.  By 2019, Adidas sales of his Yeezy brand eclipsed $1 billion annually.

Adidas cut ties with Ye a year ago, but the controversies keep coming. Here's a history of the brand's decade-long relationship with Kanye West.

The ending of the partnership between the artist Kanye West, who now goes by Ye, in October 2022 appeared to come after weeks of his comments about Jewish people and Black Lives Matter, but the New York Times is reporting that the relationship was troubled from the very start.

Inside Kanye West's troubled Adidas partnership: Tears. Rage. Thrown shoes.

Adidas AG (ADDYY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Adidas AG (ADDYY) a New Buy Stock

The company expects a full-year operating loss of around €100 million, better than past projections.

News for adidas AG Stock (ADDYY)