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 ...

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 ...

Industry Overview - The Zacks Shoes and Retail Apparel industry includes companies that design, source, and market clothing, footwear, and accessories for various demographics [2] - The industry is currently facing challenges such as elevated costs, reduced discretionary spending, and increased marketing investments, which are impacting profits [12] Consumer Demand Trends - There is a strong consumer demand for activewear and athleisure products, which is expected to continue into 2024 [15] - Companies are focusing on product innovations, active promotions, store expansion, and enhancing e-commerce capabilities to capture market share [15] Cost Headwinds - Companies are experiencing elevated costs due to commodity cost inflation, supply-chain constraints, and increased logistic costs, which are expected to hurt margins in the near term [3] - Rising SG&A costs due to marketing expenses and investments in digital operations are also a concern for industry players [3] E-Commerce Investments - E-commerce is crucial for growth in the athleisure market, with companies investing in digital channels to build customer bases [4] - Efforts to enhance delivery systems and improve in-store experiences are expected to drive traffic and transactions [4] Stock Market Performance - Stocks in the industry have collectively declined by 28%, while the Zacks Consumer Discretionary sector and the S&P 500 have risen by 2.7% and 23.7%, respectively [7] - The industry is currently trading at a forward 12-month P/E of 18.28X, compared to the S&P 500's 21.5X and the sector's 16.6X [8] Company Highlights - **Caleres**: The company is benefiting from positive consumer demand trends and strong performances from its brands, with a focus on omnichannel growth [11][22] - **Skechers**: The company is investing in e-commerce and distribution, with expected growth in sales and earnings of 10.6% and 16.9%, respectively, for 2024 [21] - **Adidas**: The company is poised to gain from strong demand and improved margins, with a projected sales growth of 5.1% for 2024 [23][33] - **Wolverine**: The company is focusing on improving efficiency and expanding its DTC business, which is expected to contribute positively to its performance [29]

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 ...