ADS.DE - adidas AG
| Previous close | 155.44 |
| Open | 156.64 |
| Bid | 154.38 x 37900 |
| Ask | 154.36 x 75600 |
| Day's range | 153.50 - 156.64 |
| 52-week range | 93.40 - 190.10 |
| Volume | |
| Avg. volume | 571,167 |
| Market cap | 27.552B |
| Beta (5Y monthly) | 1.05 |
| PE ratio (TTM) | 122.48 |
| EPS (TTM) | 1.26 |
| Earnings date | 03 Aug 2023 |
| Forward dividend & yield | 0.70 (0.45%) |
| Ex-dividend date | 12 May 2023 |
| 1y target est | 161.40 |
ReutersAdidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs
FRANKFURT (Reuters) -Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate some of the proceeds to organisations fighting antisemitism and racism. Adidas cut ties with West, who goes by Ye, in October after he made a string of antisemitic comments in interviews and on social media. The German sportswear maker was left with Yeezy shoes worth 1.2 billion euros ($1.3 billion).
The TelegraphAdidas sparks gold rush with £870m sale of Kanye West’s Yeezy shoes
Adidas is to sell off €1bn-worth of Kanye West-designed trainers in a charity fire sale that is likely to spark a frenzy among trainer collectors.
ReutersAdidas to sell some Yeezy stock, donate proceeds - CEO
FUERTH, Germany (Reuters) -Adidas will sell some of the merchandise from its defunct Yeezy partnership with rapper Kanye West and donate part of the proceeds to international organisations, CEO Bjoern Gulden said on Thursday. The German sportswear giant has been in a predicament over the Yeezy stock since it cut ties with West over his anti-Semitic comments late last year, with the controversy weighing on its stock and hitting its bottom line. Millions of Yeezy brand shoes with a retail value of 1.2 billion euros ($1.3 billion) are sitting in storage after their sale was put on hold.
ReutersEuropean shares rise as energy firms, HSBC boost; end second straight week lower
(Reuters) -European shares ended Friday on solid ground aided by a boost in shares of HSBC and from energy firms that tracked a rebound in oil prices, but wrapped a week packed with high-profile central bank meetings and heavy earnings with a decline. The pan-European STOXX 600 index closed 1.1% higher, with the oil & gas sector index leading gains, rising 2.7% after crude prices firmed. But falling oil prices for much of the week meant the European energy sector clocked its worst weekly performance in seven weeks.
ReutersChina turnaround challenge dwarfs Adidas' Yeezy debacle
SHANGHAI (Reuters) -A potential 500 million euro ($551 million) write-off on unsold Yeezy shoes is a headache for Adidas as it looks to implement a global turnaround - but it's not the German sportswear giant's biggest problem. That would be China, the world's second-largest sportswear market, where Adidas saw sales decline 36% in its last fiscal year. First-quarter sales in Greater China fell by 9.4% in currency-neutral terms from the same period last year, Adidas reported on Friday.
ReutersAdidas shares leap on results but CEO warns of bumpy year
LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, sending its shares up 8%, although its chief executive warned the group still faces a "bumpy year with disappointing numbers". Losing the highly profitable Yeezy line hit sales in the quarter by around 400 million euros ($440 million), Adidas said, mainly denting revenue across North America, Greater China and EMEA. "Adidas is managing investors' expectations," said Mamta Valechha, equity research analyst at Quilter Cheviot, which holds shares in Adidas.
ZacksShould You Buy Adidas (ADDYY) Ahead of Earnings?
Adidas (ADDYY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
ReutersAs sales decline, Adidas faces pressure to find Yeezy fix
Adidas is set to update investors on Friday about the unsold Yeezy shoes that have put the German sportswear giant in a predicament since it cut ties with Kanye West over his anti-Semitic comments late last year. Investors have high hopes new CEO Bjorn Gulden can turn Adidas around: the stock has gained around 65% since Nov. 4 when the former Puma CEO was first floated as a successor to Kasper Rorsted, despite Adidas warning it could make a $700 million loss this year if it writes the Yeezy shoes off entirely. Adidas has been in discussions over the footwear, including with people who "have been hurt" by West's antisemitic comments, Gulden said in March, but there are no easy fixes.
CoinDeskAdidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection
Holders of Adidas' Into The Metaverse NFTs can burn their tokens to join the new dynamic NFT ecosystem.
The TelegraphAdidas backtracks in row with Black Lives Matter over three-stripe logo
Adidas has dropped a legal challenge to Black Lives Matter in a row over the political group's logo.
The GuardianAdidas backtracks on opposition to Black Lives Matter trademark request
Sportswear company had initially said three-stripe design would create confusion with its own logo
ReutersAdidas retracts opposition to Black Lives Matter three-stripe design
(Reuters) -Sportswear maker Adidas AG on Wednesday reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes. "Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation's trademark application as soon as possible," the company said in a statement. Adidas rescinded its opposition without prejudice, which means it could still challenge the trademark on the same grounds in future.
ReutersAdidas ends partnership with Beyonce - WSJ
Adidas has ended its fashion partnership with Beyoncé, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. If confirmed, it would mark a second high-profile split between Adidas and a celebrity partner, after the German sportswear giant ended its collaboration with Kanye West over his antisemitic comments. Adidas, which had signed a deal with Beyoncé in April 2019 to relaunch her brand Ivy Park, declined to comment.
- Investing.com
Adidas, Beyoncé to end partnership amid flagging Ivy Park sales - reports
By Scott Kanowsky
Yahoo FinanceInside Foot Locker CEO's plan to run a better business
Foot Locker CEO Mary Dillon takes Yahoo Finance inside her revival plan for the sneaker retailer.
ZacksRio Tinto's and Adidas have been highlighted as Zacks Bull and Bear of the Day
Rio Tinto's and Adidas are part of the Zacks Bull and Bear of the Day article.
ZacksBear of the Day: Adidas (ADDYY)
Adidas (ADDYY) stock may be in store for a bearish downturn landing a Zacks Rank #5 (Strong Sell) at the moment.
Yahoo Finance VideoAdidas stock rebounds amid sales impacts, uncertainty tied to unsold Yeezy merchandise
Yahoo Finance Live discusses Adidas stock and the uncertainty surrounding a large quantity of unsold Yeezy merchandise.
Yahoo Finance VideoAdidas sees $763 million Q4 loss after failed Kanye ‘Ye’ West partnership
Yahoo Finance Live’s Rachelle Akuffo discusses stock performance for Adidas.
Yahoo Finance VideoAdidas slashes dividend following challenging 2022, Kanye ‘Ye’ West split
Yahoo Finance Live anchors Julie Hyman and Ines Ferre discuss fourth-quarter earnings for Adidas.
Yahoo Finance VideoAdidas stock declines on Q4 earnings
Yahoo Finance Live’s Julie Hyman breaks down the decline in stock for Adidas following fourth-quarter earnings.
Yahoo Finance VideoFed Chair Powell’s testimony, U.S. proposed TikTok ban, Adidas slashes dividend: 3 things to know
Yahoo Finance Live’s Julie Hyman summarizes three key topics to watch for this morning.
The TelegraphKanye West’s anti-Semitic rant leaves Adidas with £1bn of unsold trainers
Adidas is to cut its shareholder dividend as it battles to shift €1.2bn (£1.1bn) of unsold trainers after abandoning a deal with Kanye West over the musician’s anti-Semitic rants.
- Investing.com
Adidas slips to operating loss in fourth quarter amid impact from Yeezy dispute
By Scott Kanowsky