Streetbeat News

ADDYY

Adidas AG

https://www.adidas-group.com/

CEO

Kasper Rorsted

Industry

Hosiery and Sock Mills

Open

127.05

Mkt cap

45B

Volume

384

High

127.05

P/E Ratio

112.40

52-wk high

134.39

Low

124.71

Div yield

0.00

52-wk low

88.03

The article discusses Adidas' potential for growth acceleration but remains neutral due to its history of missing revenue guidance. Despite improvements in 1H24 and 3Q24, concerns remain about future performance. Management's positive outlook on certain portfolios and North American growth suggests potential for low-teens growth.

Portfolio Pulse from

December 14, 2024 | 12:30 pm

Consumer discretionary stocks are rebounding with recent FED rate cuts. Nike has seen a 27% loss YTD, while Adidas has gained 24% post-Yeezy settlement. Adidas shows stronger performance with increased sales and profits, while Nike faces challenges under new leadership.

Portfolio Pulse from

December 11, 2024 | 12:30 pm

Adidas's headquarters in Germany were raided as part of a tax investigation related to customs and tax regulations for products imported into Germany over a five-year period starting in October 2019.

Portfolio Pulse from

December 10, 2024 | 10:30 pm

The article compares the performance of Adidas AG (ADDYY) and Norwegian Cruise Line (NCLH) against the consumer discretionary sector for the year. It highlights how these companies have fared relative to their peers.

Portfolio Pulse from

December 02, 2024 | 8:45 pm

Adidas has signed a NIL (Name, Image, Likeness) deal with 16-year-old basketball star Kaleena Smith, marking its first signing of a high school female basketball player.

Portfolio Pulse from

November 14, 2024 | 6:15 pm

The article compares the performance of Adidas AG (ADDYY) and Kontoor Brands (KTB) against their consumer discretionary sector peers for the year.

Portfolio Pulse from

November 05, 2024 | 4:00 pm

Adidas has raised its fiscal year 2024 outlook, expecting a 10% increase in currency-neutral revenues, up from a previous high-single-digit rate. The company also anticipates an operating profit of EUR 1.2 billion, compared to the prior view of around EUR 1.0 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:09 am

Adidas reported a significant increase in Q3 earnings per share (EPS) to EUR 2.44 from EUR 1.40 year-over-year, with revenues growing by 7% to EUR 6.438 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:04 am

Adidas reported strong Q3 results, with a 10% YoY increase in currency-neutral revenues and a 7% increase in Euro revenues to €6.44B. Excluding Yeezy, revenues rose 14%. The gross margin improved to 51.3%, and operating profit increased to €598M, including €50M from Yeezy inventory sales. Adidas raised its FY operating profit expectation to around €1.2B and revenue growth forecast to 10%.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:06 pm

Escalade, Inc. (NASDAQ:ESCA) has announced that its subsidiary, US Weight, will be the official U.S. distributor for adidas Fitness accessories. This partnership enhances US Weight's portfolio, which includes brands like Lifeline Fitness and The Step.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:13 am

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