Streetbeat News

ADDYY

Adidas AG

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

CEO

Kasper Rorsted

Industry

Hosiery and Sock Mills

Open

123.57

Mkt cap

43B

Volume

1.3K

High

123.57

P/E Ratio

52.63

52-wk high

137.73

Low

121.16

Div yield

0.00

52-wk low

103.71

Adidas AG (ADDYY) has experienced a 'golden cross' event, indicating potential bullish momentum as its 50-day moving average surpassed the 200-day moving average. This technical signal suggests ADDYY could be a promising stock pick.

Portfolio Pulse from

January 24, 2025 | 4:00 pm

Adidas reported preliminary results for Q4 2024, showing a 19% increase in revenue on a currency-neutral basis.

Portfolio Pulse from

January 23, 2025 | 7:15 pm

Adidas plans to cut up to 500 jobs despite reporting better than expected holiday profits, aiming to simplify its business operations.

Portfolio Pulse from

January 23, 2025 | 5:00 pm

Adidas plans to cut up to 500 jobs at its headquarters in Herzogenaurach, Germany, as announced by CEO Bjoern Gulden. This move is part of a restructuring effort at the sports retailer.

Portfolio Pulse from

January 23, 2025 | 2:30 pm

Puma's stock declined following disappointing preliminary fourth-quarter results, contrasting with Adidas' recent stock rally. The new Speedcat range may have contributed to Puma's performance.

Portfolio Pulse from

January 23, 2025 | 9:15 am

Adidas stock surged as the company announced its fourth-quarter results would exceed estimates, indicating strong brand performance.

Portfolio Pulse from

January 22, 2025 | 10:15 am

Adidas announced better than expected preliminary fourth-quarter results, highlighting strong sales and profitability during the holiday shopping period.

Portfolio Pulse from

January 21, 2025 | 5:30 pm

Nike's stock is near its 52-week lows, while Adidas is close to its highs as we enter 2025. Investors are evaluating which company presents a better investment opportunity.

Portfolio Pulse from

January 08, 2025 | 9:15 pm

The Shoes & Retail Apparel industry is experiencing momentum due to innovation, demand, and digital investments. Companies like Adidas (ADDYY), Skechers (SKX), Steven Madden (SHOO), Carter's (CRI), and Wolverine World Wide (WWW) are expected to benefit. However, rising costs and reinvestments pose challenges.

Portfolio Pulse from

January 02, 2025 | 4:00 pm

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

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