adidas(ADDYY) - 2024 Q2 - Earnings Call Presentation

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 ...