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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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

NIKE

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

Under Armour

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.

Adidas' Yeezy Sales Are Still Strong. What Comes Next.

The average of price targets set by Wall Street analysts indicates a potential upside of 42.8% in Adidas AG (ADDYY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Adidas AG (ADDYY)? Wall Street Analysts Think 42.81%

adidas AG (OTCQX:ADDYY), the sports clothing retailer, jumped close to 5% in trading on Wednesday after it upped full-year sales and profit guidance as the group tries to navigate through a tough period, marred by its failed collaboration with rapper Kayne West. Underlying operating profits for the full year are expected to reach €100 million for the 2023 financial year, with the German retailer having previously expected to only break-even during the period, a trading update revealed.

Adidas ups guidance again as it continues shifting Yeezy stock

Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.

Adidas shares climb after boost from Yeezy sales, guidance raise

Adidas shares ADS, +3.81% rose 4% as the company pre-released its third-quarter numbers, reporting a 27% decline in operating profit on a 6% fall in revenue. Adidas said its results were helped by selling its remaining Yeezy inventory, as well as a “better than expected” performance of its underlying business.

Adidas shares climb after boost to guidance, while European markets slip

The apparel and footwear company has sold more than half a billion dollars in Yeezy merchandise this year after ending its partnership with controversial rap artist Kanye West.

Adidas Cuts Projected Losses By Over $300 Million After Selling Yeezy Shoes

Shares in Adidas have gained 34% since the start of the year as investors gain confidence in CEO Bjorn Gulden's ability to turn the company around after a break-up with Kanye West.

News for adidas AG Stock (ADDYY)