For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Adidas AG (ADDYY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Adidas AG is one of 273 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within the Zacks Sector Ran ...

No investor likes a recommendation downgrade. Investors clearly weren't ready to play with shares of Adidas (ADDYY -1.94%) on the second trading day of the week. The athletic wear company's U.S.-traded shares lost nearly 2% in value on a day when the market generally did well, with the S&P 500 index closing 0.5% higher. Adidas didn't have any negative news of its own to report, but an analyst's new take on the stock triggered the sell-off. Downgraded from buy to hold The person behind the move was Barclays ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Adidas AG (ADDYY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Adidas AG is one of 280 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 w ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Adidas AG (ADDYY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Adidas AG is a member of our Consumer Discretion ...

Q2 RESULTS - July 31, 2024 HAPPY BIRTHDAY, ADIDAS! CELEBRATING 75 YEARS OF ADIDAS STRONG FIRST HALF ST STRONG SECOND QUARTER OF THE YEAR OF SPORTS Q2 2024 CURRENCY-NEUTRAL NET SALES UP 11% Y-O-Y Underlying business (excl. Yeezy) up 16% Y-O-Y currency-neutral GROSS MARGIN OF 50.8%, UNDERLYING BUSINESS UP ~+1.5PP Significantly smaller Yeezy business had a negative ● impact on Y-O-Y reported (-O.1pp) Underlying gross margin improved strongly ● (~+1.5pp), reflecting reduced discounting, lower sourcing costs and ...

Alex, we have time for two more questions. Operator Monique Pollard Perfect. Thank you. Sebastian Steffen Thanks. The next question comes from the line of Jonathan Komp, Baird. Please go ahead. Yes. So there shouldn't be any misunderstanding, I'm confident on double-digit growth in the second half as we promised you. What I said that some of the orders that we meant for Q3 was actually delivered in Q2 because our retail partner was screaming for product. That's what I tried to say. But the demand will be do ...

Model Bella Hadid issued a statement after starring in a controversial Adidas campaign that the sportswear company said had an "unintentional" connection to a bloody terrorist attack. But that year's games are widely known for the dark tragedy that took place in Munich's Olympic village: a massacre committed by by a Palestinian group called Black September, who killed 11 Israeli athletes and one German police officer on Sept. 5, 1972. The ad campaign for Adidas' new retro trainers, called the SL72s, was a n ...

The criticism comes with Hadid - whose father is Palestinian - being a vocal critic of Israel and frequently speaking out against the Israel-Hamas War on social media. Israel's Ministry of Foreign Affairs heavily criticised Hadid's appearance in the campaign on social media. It added: "For Adidas to pick a vocal anti-Israel model to recall this dark Olympics is either a massive oversight or intentionally inflammatory. Neither is acceptable." An ad that appeared across Adidas platforms and a Times Square bil ...

Elevator Pitch My view of adidas is Neutral, taking into consideration both its financial performance and valuations. ADDYY's Q2 2024 revenue and operating profit surpassed the market's expectations, and the company has revised its full-year guidance upwards. But adidas' shares are expensive, as the stock trades at relatively higher multiples as compared to its peers. Therefore, it is reasonable to assign a Hold rating to adidas, as positives have been priced in for this stock. The company's shares can be t ...

The German sportswear company on late Tuesday said it was now expecting its operating profit to reach around 1 billion euros ($1.09 billion) across full-year 2024, up from the previously expected 700 million euros. Adidas was last up 4.72% at 8:19 a.m. London time. This is a developing story and will be updated. Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas sa ...