|Bid||356.20 x 1000|
|Ask||356.90 x 2900|
|Day's Range||354.50 - 360.65|
|52 Week Range||185.80 - 375.10|
|PE Ratio (TTM)||61.84|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
German sportswear firm Adidas reported a bigger-than-expected increase in first-quarter sales and profits on Thursday, as it outpaced arch-rival Nike in North America and China and grew fast online. Adidas also reported a rebound in sales for its struggling Reebok brand, with quarterly growth up 13 percent, compared to just 6 percent in 2016, which Adidas said was driven by the training category and retro styles. Adidas said net profit rose 30 percent to 455 million euros ($495.7 million) on sales up 19 percent to 5.67 billion euros, ahead of average analyst forecasts for 421 million and 5.4 billion respectively, according to a Reuters poll.
German sportswear firm Puma has seen such strong demand for products promoted by celebrities like model Cara Delevingne and Canadian rapper The Weeknd that its supply chain is racing to keep up, its chief executive said on Tuesday. Appointed in 2013 by majority-owner French luxury goods company Kering, Chief Executive Bjorn Gulden has invested heavily in celebrity marketing to revive a brand that still lags market leaders Nike and Adidas. "Retailers ordered more because they needed more which has not been the case for a long time at Puma," Gulden told a conference call with journalists.
Puma SE's stock gained on Tuesday morning after the company reported a better than expected start to the year with footwear driving growth.