adidas AG (OTCQX:ADDYY) will continue selling its leftover Yeezy stock in 2024, despite cutting ties with Kanye West, the brand’s creator, in 2022. During the fourth quarter, the group decided to not write off the additional €300 million Yeezy stock it had left over and instead will look to sell it for “at least at cost” in 2024. The decision, along with stronger-than-expected trading in the fourth quarter, meant operating profit reached €268 million for the 2023 financial year, down from 2022’s €669 millio ...

Adidas announced Wednesday that it won't write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes "at least" at the cost it paid for them, as the apparel retailer looks to recoup its losses. The German sportswear giant had previously considered writing off about €300 million, or $325 million, in unsold Yeezy inventory after the company cut ties with rapper Ye, formerly known as Kanye West, over a series of antisemitic remarks he made. In its announcement, Adidas sai ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up!Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNike's stock was down more than 11% Friday after the company lowered its outlook and said it planned $2 billion in cuts, which could include more layoffs.As part of its three ...

About this content About Jeremy Cutler Jeremy has worked extensively in the world of financial journalism as a reporter at ICV News, deputy editor at S&P Marketscope and as a senior reporter for Thomson Financial’s Marketeye.  A qualified accountant, former finance director and with a degree in Economics, Jeremy is well placed to analyse and explain the ups and downs of UK, European and US stockmarkets in Proactive’s daily market report Read more About the publisher Proactive financial news and online br ...

Shares in the world’s top sportswear companies slumped on Friday after apparel giant Nike lowered its sales forecasts, warning of a drop in consumer spending, and outlined plans to make $2 billion worth of cost savings over the next three years.Adidas ADS, -5.70%, Puma PUM, -6.29%, and JD Sports Fashion JD, -5.38% shares all fell on Friday morning after shares in Nike NKE, +0.91% tumbled 12% during Thursday’s after hours trading session, following publication of its fourth-quarter results. Adidas shares fel ...

adidas AG (OTCQX:ADDYY) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Sebastian Steffen - Head-Investor Relations Bjorn Gulden - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Aneesha Sherman - Sanford C. Bernstein Graham Renwick - Berenberg Erwan Rambourg - HSBC Zuzanna Pusz - UBS Jurgen Kolb - Kepler Cheuvreux Geoff Lowery - Redburn Edouard Aubin - Morgan Stanley Andreas Riemann - ODDO BHF Cristina Fernández - Telsey Adv ...

02-2023 RESULTS AUGUST 03, 2023 adidas ARE ADIDAS TEAMS Argentina, Colombia, Germany, Japan, Spain, Sweden, Costa Rica, Italy, Jamaica & the Philippines ADIDAS SHOES Such as Mary Fowler, Alessia Russo, Lena Oberdorf, Wendie Renard, Jennifer Hermoso, Trinity Rodman… | --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | | 10 BB | | r | | | | | | | | | play until they can't look away TRINITY RODMAN NET SALES GROWTH BY MARKET SEGMENT Y-O-Y & NORTH AMERICA -16% 650 Q2 2023 H1 2023 CONTINUING OPER ...

adidas AG (OTCQX:ADDYY) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Sebastian Steffen – Head-Investor Relations Bjorn Gulden – Chief Executive Officer Harm Ohlmeyer – Chief Financial Officer Conference Call Participants Warwick Okines – BNP Zuzanna Pusz – UBS Graham Renwick – Berenberg Jurgen Kolb – Kepler Cheuvreux Edouard Aubin – Morgan Stanley Aneesha Sherman – Bernstein Simon Irwin – Credit Suisse Thomas Chauvet – Citi Piral Dadhania – RBC Operator Good afternoon, lad ...

Adidas AG (OTCQX:ADDYY) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Sebastian Steffen - SVP, IR Bjorn Gulden - CEO & Head, Global Brands Harm Ohlmeyer - CFO Conference Call Participants Erwan Rambourg - HSBC Simon Irwin - Crédit Suisse Adam Cochrane - Deutsche Bank Piral Dadhania - RBC Capital Markets Zuzanna Pusz - UBS Cedric Lecasble - Stifel, Nicolaus & Company Thomas Chauvet - Citigroup Jurgen Kolb - Kepler Cheuvreux David Roux - Bank of America Merrill Lynch Aneesha She ...

adidas AG (OTCQX:ADDYY) Q4 2022 Earnings Conference Call March 8, 2023 9:00 AM ET Company Participants Sebastian Steffen - Head of Investor Relations Bjorn Gulden - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Graham Renwick - Berenberg Erwan Rambourg - HSBC Geoff Lowery - Redburn Warwick Okines - BNP Paribas Jurgen Kolb - Kepler Cheuvreux Cedric Lecasble - Stifel Nicolaus James Grzinic - Jefferies International Edouard Aubin - Morgan Stanley Olivia Townsend - ...