|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||118.10 - 118.93|
|52 Week Range||98.23 - 133.01|
|PE Ratio (TTM)||35.15|
|Forward Dividend & Yield||1.55 (1.45%)|
|1y Target Est||137.61|
Over the past year, Under Armour (NYSE:UA,UAA) has outperformed Adidas (OTCMKTS:ADDYY), at least in the equity market. Adidas stock has risen just 2.3%. Under Armour stock hit a four-year low late last year, though it’s bounced about 80%.
High school football fans will be able to watch key matchups on Twitter Inc (NYSE: TWTR ) this season. What Happened Adidas AG (ADR) (OTC: ADDYY ) and Twitter have joined forces to livestream top-tier ...
Adidas reported better-than-expected earnings for the second quarter, but analysts expressed concern about the rest of the year now that the World Cup is over.
It’s hard to overestimate the influence that Nike has had on worldwide culture. When Adidas AG ( ADDYY) and Converse (the latter eventually bought by Nike in 2003) dominated the United States athletic shoe market in the 1970s, the shoes themselves were intended for function, not fashion.
BERLIN—Adidas AG’s net income more than doubled in the three months to June, after demand for merchandise from the soccer World Cup boosted sales growth in North America and China. The results came as Adidas faces a fresh challenge on its home turf from U.S.-rival Nike, which is establishing a German headquarters in Berlin to tap the city’s trendsetting youth scene. Adidas’s net income rose to €396 million ($460 million) in the second quarter, up from €158 million in the comparable period of 2017.
American depositary receipts of Adidas (ADDYY) are shooting higher on Thursday, after the world's second-biggest athletic brand reported second-quarter earnings. Where we were: Year to date, Adidas has already easily lapped the market, rising more than 20%, although that's not good enough to catch up to rival Nike (NKE), which has gained more than 30%. Where we were: The World Cup helped lift Adidas's second-quarter profits 20%.
Shares of Adidas (ADDYY) soared over 9% Thursday after the German sportswear company reported strong second-quarter results, boosted by e-commerce expansion and growth in North America and China. But rival Nike (NKE) also thrived in its most recent quarter. So let's take a look at which sportswear stock looks like the better buy at the moment.
With its T-shirt wearing tech billionaires and health-conscious consumers, the U.S. is the spiritual home of the global sporting goods boom. But the fitter of the two sportswear giants feeding those consumers ...
Adidas reported strong second-quarter results on Thursday, as its sales growth outpaced rival Nike in North America where new styles are proving popular even as the German sportswear brand stagnated in western Europe. Shares in the company famous for its three-stripe brand soared more than 10 percent to a four-month high, putting them on track for their best day since the group increased its financial guidance in March. The results are the latest endorsement of a strategy pursued by Chief Executive Kasper Rorsted since taking over in 2016, focused on improving profitability as well as expanding in North America and China and pushing sales via ecommerce.
shares surged to the top of the European index Thursday after the sportswear group topped analysts' forecasts in its second quarter earnings and trounced rival Nike Inc. Adidas said net profit for the three months ending in June came in at €418 million ($484 million) as group sales rose 10% to €5.26 billion. U.S. sales, the group said, slowed modestly, but with a 16% growth rate, the figure is still well ahead of the 3% rate Nike published for its March to May period.
Millennials are the driving force behind a resurgence in popularity for heritage sneakers, according to the chief executive of the world's second-largest sportswear brand.
Adidas on Thursday said it booked an impairment “in the mid-triple digit million euro range” to its 2016 financial results after the Financial Reporting Enforcement Panel concluded that “the historical book value related to the Reebok trademark was not sufficiently proven by the annual impairment test conducted at the time”. Adidas acquired Reebok in 2006 and since then has been struggling with weak sales and lacklustre profitability at the US division. In the second quarter of 2018, Reebok sales fell by 3 per cent due to weak demand for its training and running kit.
German sportswear firm Adidas has taken an impairment charge on its struggling Reebok brand, but said the retrospective accounting move would have no impact on its 2018 results as it reported a better-than-expected second quarter. Adidas shares, already up 14 percent this year, were indicated up 2.1 percent in pre-market trade. Marketing spending rose to 13.5 percent of sales from 12.3 percent due to the soccer World Cup.
XE) said Thursday that second-quarter net profit rose, boosted by strong revenue growth in key markets such as North America and Greater China where combined sales of its Adidas and Reebok brands grew by double-digit figures. The German company said net profit for the period was 396 million euros ($459.6 million) compared with €158 million the previous year. In North America, sales grew 16% on a currency-neutral basis to €1.08 billion.
Adidas AG posted second-quarter revenue and profit that beat analyst expectations on growth in America and Asia that got a boost from the World Cup. Revenue adjusted for currency swings rose 10 percent to 5.26 billion euros ($6.1 billion), driven by a 12 percent gain at its namesake shoe brand, the Herzogenaurach, Germany-based company said in a statement Thursday. Adidas saw double-digit growth in North America, Asia-Pacific, Latin America and Russia.
Adidas AG got a boost from the World Cup even though some of the traditional powerhouses it sponsors, including its home country Germany, flamed out early in the tournament. Teams supported by rival Nike Inc. -- including winner France and runner-up Croatia -- dominated the World Cup. The company’s shirt sales topped the 8 million sold in connection with the tournament in Brazil four years ago, Chief Executive Officer Kasper Rorsted said on a call with reporters, making good on his June prediction.
German sportswear firm Adidas reported stronger-than-anticipated second-quarter net profit on Thursday, with the company saying it remains firmly on track to hit it's full-year targets.
is on top of the trend, exemplified by its bulky Yung 1 sneaker, a 1990s-inspired running shoe. Staying on top of fashion is important for Adidas which was quicker than many peers to exploit the “athleisure” trend. Design matters, not just because it drives sales from sneakerheads who own dozens of trainers.
for 2016 related to the botched acquisition of Reebok that is equivalent to almost half the group's reported net income for that year. The world’s second-largest sportswear maker disclosed on Thursday that a German accounting watchdog had concluded that its balance sheet brand value for Reebok, which it bought in 2006, was too high. In the second quarter of 2018, Reebok sales fell 3 per cent because of weak demand for its training and running kit.
Adidas (ADDYY) is expected to report its next quarterly earnings after the bell on August 9. Shares of ADDYY gained less than 1% just one day ahead of its upcoming earnings release.
Second-quarter earnings season is slowly winding down. But there are still more well-known and trendy companies left to report. So let's take a look at what to expect from a few of them.
Last Christmas, West surprised Kardashian with shares of Netflix, Amazon, Apple, Adidas and Disney. Netflix and Amazon are Kardashian's best-performing holdings, up 90 percent and 50 percent, respectively.
According to CNBC's analysis, the portfolio rapper Kanye West chose for wife Kim Kardashian has outperformed the S&P 500 Index by more than 40 percent.
German sportswear firm Adidas reported higher-than-expected second-quarter results on Thursday, as it kept growing faster than rival Nike in North America even as it stagnates in its western European home market. As Francis Maguire reports, shares in the company jumped 10 percent to a four-month high.