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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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.

Adidas says latest batch of Yeezy sales generated nearly $160M in Q3

NIKE

At the moment, Nike and Adidas stock have favorable broker recommendations and lofty price targets suggest they could lead a rebound among retailers.

Time to Buy Nike (NKE) or Adidas (ADDYY) Stock for a Retail Rebound?

JD Sports, Adidas and Pumas all benefitted as investors read across from a strong trading update from rival Nike overnight. UK-listed JD was one of the top blue-chip risers adding though more direct competitors Adidas, up 7% and Puma, up 6.5%, did even better.

JD Sports, Adidas, Puma all soar as Nike update highlights decent US sales

Puma SE

Investors bid up Nike's rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts.

Adidas and Puma shares rally after Nike results

Weighing just 5 ounces, the shoes are very light, but not durable. They're designed to be worn for a single marathon-distance race (26 miles) and pre-race warmup.

Adidas hopes $500 shoe worn by record-breaking marathoner will attract amateur runners: ‘Price tag is just insane'

According to the Anti Defamation League, Adidas said it is “committed to fighting antisemitism” and opposes the “ugly hate” expressed by West.

Adidas CEO Apologizes After Saying Kanye West Didn't Mean Anti Semitic Comments

Adidas Chief Executive Bjorn Gulden has apologized for recent remarks that appeared to downplay the intent behind rapper Kanye West's antisemitic rants last year, the head of the Anti-Defamation League said Thursday in a post on X.

Adidas CEO has apologized for remarks about Kanye West, ADL head says

Adidas Chief Executive Bjorn Gulden recently said he didn't believe that Kanye West “meant what he said,” regarding the megastar's antisemitic remarks that ended the partnership between the sneaker maker and the rapper last year.

Adidas CEO says Kanye West didn't mean his antisemitic remarks

Adidas CEO Bjorn Gulden said Kanye West didn't mean it when he made antisemitic remarks that led to the end of his Yeezy collaboration with the company.

Adidas CEO says Kanye West didn't mean antisemitic remarks, isn't a bad person

"Very unfortunate, because I don't think he meant what he said, and I don't think he's a bad person," Gulden told the "In Good Company" podcast.

Adidas CEO Bjørn Gulden defends Kanye West over antisemitism: ‘Didn't mean what he said'

The top Adidas executive called Ye “one of the most creative people in the world.”

Adidas CEO: Kanye West Didn't Mean Antisemitic Comments, Isn't A Bad Person

Adidas CEO Bjorn Gulden has defended the artist formerly known as Kanye West, saying he didn't think the divisive celebrity meant the antisemitic remarks that led to his lucrative Yeezy collaboration with the German sportswear giant being axed.

Adidas CEO: Kanye West didn't mean antisemitic remarks

Adidas CEO Bjørn Gulden said he doesn't think Kanye West "meant what he said" when the rapper spewed antisemitic comments last year that ended a lucrative relationship for both.

Kanye 'didn't mean what he said' about Jews, Adidas CEO says

Bjørn Gulden, chief executive of Adidas, has given his first in-depth public comment on the fallout of his company's relationship with Kanye West following the rapper-designer's repeated antisemitic outbursts last year.  “I think Kanye West is one of the most creative people in the world.

Adidas CEO On Kanye West After Yeezy Antisemitism Fallout: “I Don't Think He Meant What He Said”

Carter's

Steven Madden

Skechers U.S.A.

The Shoes and Retail Apparel industry continues to witness elevated operating and input costs. Gains from product innovation, robust demand trends and digital growth are likely to support companies like ADDYY, SKX, SHOO and CRI.

4 Shoes & Retail Apparel Stocks to Watch Amid Soft Industry Trends

adidas AG has seen a strong recovery in stock price but needs to see a significant recovery in operating profit to justify further upside. Net revenue growth was flat and operating profit dropped by 55% in the most recent earnings report. The future growth of the stock will depend on adidas' ability to reignite sales growth, particularly in North America, where net sales have seen a substantial drop.

adidas AG: Price Recovery Encouraging, But Operating Profit Needs To Improve

Foot Locker

Shares of sports gear companies Nike Inc (NYSE:NKE) and adidas AG (OTCQX:ADDYY) fell sharply in early Wednesday trading after footwear retailer Foot Locker posted a bigger-than-expected fall in second-quarter sales and reduced its guidance for 2023. The footwear retailer also swung to a $5 million loss, from a $94 million profit a year earlier, and hit pause on dividends, sending its shares 32% lower in pre-market trading.

Nike and Adidas shares trip up after Foot Locker 2Q shocker

Adidas shares ADS, -4.24% fell 4% and Puma shares PUM, -6.18% dropped 5%, as both apparel makers suffered from the profit warning at Foot Locker. Foot Locker reported a softening of trends in July and price-sensitive customers.

Adidas, Nike and Puma shares drop after Foot Locker warning

The unpredictability of the Women's World Cup, with the U.S. knocked out early and a first-time champion assured, is forcing major global marketers such as Adidas and Nike to move fast to adapt to shoppers' quick shifts in preferences and demand.

As World Cup breaks records, Adidas, Nike navigate bumps in retail demand

Lululemon Athletica

Inflation trends in the United States have been improving in the past few months, all thanks to the efforts and initiatives taken by the FED. Rising interest rates may concern some investors, especially when the effects of hikes take a toll on some chosen sectors, namely cyclical consumer spaces.

News for adidas AG Stock (ADDYY)