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 ...

CALGARY, Alberta, July 11, 2024 (GLOBE NEWSWIRE) -- Sportsman Logistics Inc. is pleased to announce a significant milestone in its strategic expansion into the summer sports market. The company has secured the exclusive rights to distribute Adidas Pickleball and Padel racquets, bags, and accessories in Alberta. This partnership, in collaboration with The District, who hold the rights to Adidas Pickleball and Padel in Canada, marks a pivotal step in Sportsman Logistics' mission to empower local retailers wit ...

However, the industry looks lucrative owing to rising consumer awareness about leading a healthy lifestyle, which has resulted in positive demand trends for activewear and athletic shoes. New and innovative designs have been the key drivers for the industry participants. Players focused on product innovation, store expansion, digital investments and omnichannel growth are expected to gain. Investments in products and e-commerce portals bode well for players like Adidas AG (ADDYY) , Skechers (SKX) , Caleres ...

With the European Cup underway, it might be worth considering how sports play a role in the broader perception of companies. Some companies, despite being relatively unknown, pour significant sums of money into marketing during major sporting events. Other stocks are directly linked to the sporting events, giving them a leg up in organic marketing and product placement. Adidas (ADDYY) Now, with the release of several redesigned retro shoes, like the Samba and Gazelle, Adidas has also successfully broken int ...

Adidas is apparently looking to bring lower-cost shoe models to the market. Reuters reported Thursday the sportswear company indicated Samba and other shoes will become more affordably priced options in the $60 to $80 range. "It's important to understand that not everyone can afford to buy a shoe for $120 or $150, but everyone wants to take part in the same trends," CEO Bjorn Gulden told investors. GET FOX BUSINESS ON THE GO BY CLICKING HERE "What we do at the top, $100 and higher, we're bringing that down. ...

| --- | |---------------------------------------------------| | | | Company Participants | | Sebastian Steffen - SVP, IR | | Bjorn Gulden - CEO | | Harm Ohlmeyer - CFO | | Conference Call Participants | | Piral Dadhania - RBC Capital Markets | | Zuzanna Pusz - UBS Edouard Aubin - Morgan Stanley | | Monique Pollard - Citigroup | | Cedric Lecasble - Stifel, Nicolaus & Company | | Aneesha Sherman - Sanford C. Bernstein & Co. | | Jurgen Kolb - Kepler Cheuvreux | | Jonathan Komp - Robert W. Baird & Co. | | Geoff ...

Key PointsAfter the market sold off on disappointing Fed announcements, some of the market's most valuable brands also became bargains.With double-digit upside ahead of them, according to analysts, investors need to add these to a watchlist soon. If the Fed does decide to cut rates in September, these names would make for a massive rally opportunity.5 stocks we like better than adidasMarkets were scared to wake up to the Federal Reserve (the Fed) pulling the rug. After pricing in the proposed interest rate ...

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.Shares of Adidas jumped 6.3% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. The German sportswear company said that it now expects currency-neutral revenues to increase at a mid-to high-single-digit rate in full-year 2024, compared with a previous projection of growth near a mid-single-digit rate.Operating profit for the year is now ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...