adidas Q2 Sales $5.82B Beat $5.54B Estimate
Portfolio Pulse from Happy Mohamed
Adidas reported Q2 sales of $5.82 billion, beating the analyst consensus estimate of $5.54 billion by 5.12 percent. However, this represents a 2.36 percent decrease compared to the same period last year.
July 24, 2023 | 4:38 pm
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NEUTRAL IMPACT
Adidas' Q2 sales surpassed estimates but were lower than the same period last year.
Adidas' Q2 sales beat estimates, which is positive news for investors. However, the year-over-year decrease might raise concerns about the company's growth, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100