After reaching an important support level, Adidas AG (ADDYY) could be a good stock pick from a technical perspective. ADDYY recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving avera ...

adidas AG (ADDYY) posted preliminary results for the fourth quarter of 2024. In the same quarter, currency-neutral revenues rose 19%. In euro terms, the company’s revenues grew 24%. Excluding Yeezy, revenues on a currency-neutral basis jumped 18% year over year. The gross margin climbed 5.2 percentage points to 49.8% while operating profit reached €57 million.Based on the preliminary unaudited numbers, ADDYY's revenues, on a currency-neutral basis, were up 12%, while in euro terms, the metric rose 11% from ...

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will impact employees at Adidas's headquarters in Herzogenaurach, Germany and represent nearly 9% of the 5,800 staffers it employs at the location. The company has not determined how many jobs it will cut, but up to 500 positions could be affected, a source told CNBC. Adidas will decide the final number when it is further along in its process. Employees lear ...

As we begin 2025, Nike (NKE)  shares have hovered near 52-week lows while Adidas (ADDYY)  stock is not far from its highs. Surely, investors may wonder if a sharp rebound is in store for Nike shares or if Adidas stock can reach higher highs.This makes it a worthy conversation of which iconic shoe and retail apparel company is the better investment at the moment.Image Source: Zacks Investment Research Why NKE is Down and ADDYY is Up Attributed to what has been a constant need to revamp its product line, Nike ...

I am neutral on Adidas ( OTCQX:ADDYY ) [ADS]. I acknowledge the potential for ADS to accelerate growth to low-teens percentages, given the multiple data points and indicators. However, ADS has had a track record of missing guidance, and I would like toI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I ...

Consumer Discretionary stocks have been struggling over the last few years. With interest rates on the rise, consumers have been forced to tighten their belts, and directing their purchases towards more essential items.The author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He invests in his personal capacit ...

Adidas posted strong third-quarter growth. CEO Bjørn Gulden said the footwear giant is building momentum to become "a great company again." Adidas thrives with retro styles like Samba, while competitors face challenges in the market. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed ...

Q3 RESULTS October 29, 2024 A D I D A S A G CONGRATULATIONS, AITANA BONMATÍ BALLON D'OR 2024 2 PATRICK LANGE THIRD IRONMAN WORLD CHAMPIONSHIP TITLE AND COURSE RECORD 07:35:53 A D I D A S A G YOMIF KEJELCHA HALF MARATHON WORLD RECORD 57:30 AGNES NGETICH RUNS SECOND FASTEST HALF MARATHON EVER 63:04 WHAT A (RUNNING) WEEKEND! 2024 THE SUMMER OF SPORTS CONMEBOL - COPA AMERICA USA 2024 GERMAIN PARIS 2024 PARIS 2024 EURO" AFR OF SPOPA IT'S ONLY THE THE CHAMP C H A M P S B 牌 重 剑 金 女 子 ADIDAS Posts OLYMPICS AND PARA ...

Financial Data and Key Metrics - Currency-neutral growth of 10.3% in Q3 2024, with underlying adidas business (excluding YEEZY) growing 14% [7] - Gross margin reached 51.3%, the first time adidas business margin exceeded YEEZY [7] - EBIT increased by almost 50% to €598 million, with an EBIT margin of 9.3% [7] - Net income of €469 million, with basic earnings per share of €2.44, up 75% [49] Business Line Data and Key Metrics - Footwear grew by 14%, Apparel by 5%, and Accessories by double digits [20] - Performance products grew by 10%, Sportswear by 4%, and Original basketball partnerships and skateboarding by 20% [21] - Wholesale business grew by 13%, Own Retail by 15%, and E-commerce (excluding YEEZY) by 25% [12][13] Market Data and Key Metrics - North America showed slight growth in the adidas business, with optimistic outlook for Q4 and Q1 [8] - Europe grew by 18% (21% underlying), China by 8%, Japan and South Korea by 17%, and LatAm by 30% [9][10] - Emerging markets grew by 20%, contributing to the overall 10% growth [10] Company Strategy and Industry Competition - The company continues to invest heavily in sales and marketing, with a focus on leveraging future growth [7] - Expansion into new markets such as Iraq, Bangladesh, Uzbekistan, and Nigeria through franchise partners [19] - Focus on localizing products and marketing to cater to regional differences [57] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth and a 10% EBIT margin in the medium term [66] - The company aims to be a "good company" in 2024 and a "healthy company" by 2026, with a focus on gross margin between 50%-52% and 12% investment in marketing [58] - The summer of sports events positively impacted growth, fueling momentum into Q3 [6] Other Important Information - The company settled YEEZY-related claims, resulting in a €100 million release in other operating income, offset by a €100 million donation [45] - Inventory levels are healthy, with 80% of inventory being current or future season products [90] - The company plans to open new stores in smaller Chinese cities and expand into new markets with franchise partners [18][19] Q&A Session Summary Question: Ability to maintain current top-line growth - The company expects to maintain double-digit growth in the future, with differences across categories, channels, and markets [66] Question: Impact of expanding SKU counts on profitability - Expanding SKU counts is expected to positively impact profitability, with a focus on having the right products for each market [67][70] Question: Drivers of North America growth - Growth in North America is driven by improved brand heat and positive retailer order books, with a focus on performance and lifestyle products [73] Question: OpEx and restructuring costs - The company incurred one-time costs related to Runtastic and IT infrastructure impairments, with ongoing efforts to optimize operating expenses [75] Question: EBIT guidance and CapEx - The company expects to spend less than the guided €600 million in CapEx for the year, with a focus on disciplined investment [78] Question: Share buyback and cash generation - The company prioritizes investing in the business and being a solid dividend payer, with potential for share buybacks in 2026 [85][86] Question: Inventory management and specialty running progress - The company has managed inventory effectively, with no issues expected in fulfilling Q4 demand [88] - Progress in specialty running is improving, with efforts to rebuild relationships with specialty retailers [88] Question: Full price sell-through and business model changes - The company sees potential for higher gross margins in 2025, with ongoing optimization of the business model [97] Question: Current trading and tariff trends - October trading is positive, with no significant changes in demand or promotional activity [100] - Tariff trends are strong but represent a balanced portion of overall sales, with growth across all categories [100]

Adidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement. Adidas and Ye had been embroiled in multiple lawsuits for the past two years, since the German company ended a partnership with the rapper previously known as Kanye West over antisemitic comments he made. "There isn't any more open issues, and there is no… money going either way, and we both move on," CEO Bjorn Guld ...