|Bid||260.55 x 37900|
|Ask||260.65 x 75600|
|Day's Range||259.05 - 260.70|
|52 Week Range||178.15 - 268.35|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||29.12|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||3.35 (1.31%)|
|1y Target Est||198.06|
Adidas jumps higher after earnings. Adidas vs. Nike, with CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Phil Camporeale, Steve Grasso and Guy Adami.
GBL and Adidas, whose shares hit record highs on Tuesday, declined to comment. Adidas is in the midst of a share buyback, planning to repurchase 3 billion euros in stock between March 2018 and May 2021, which has gradually pushed up GBL's relative stake. Adidas share price has more than doubled since GBL invested in the company as CEO Kasper Rorsted focused on improving profitability, expanding in North America and China and boosting online sales.
The sporting goods retailer has warned it's going to be a while yet before growth returns.
With negotiations on hold and tariffs piling up, the United States and China appear to be bracing for a prolonged standoff over trade.
MADRID (AP) — Adidas says Spain's soccer federation has no grounds for terminating its contract with the sports apparel company, and will fight to keep the agreement in place.
Nike and Adidas Urge President Trump to Reconsider TariffsThe escalating trade war has the footwear industry worriedYesterday, dozens of shoe retailers—including big names Nike (NKE) and Adidas—sent an open letter to President Trump
“They want Biden so that China can continue to make $500 billion dollars a year and more ripping off the United States,” Trump said at rally in Montoursville, Pennsylvania, on behalf of a Republican running in a special election for the House. Biden downplayed China while campaigning in Iowa City, Iowa, on May 1, drawing criticism from some of the other Democrats challenging him for the party’s nomination.
MADRID (AP) — Spain says it is ending its soccer contract with Adidas and has opened negotiations with other apparel companies.
The hype around sneakers is at an all-time high. The industry has been buzzing for years, evidenced by the rise of sneaker resale platforms, two of which, StockX and Poison , just hit unicorn status; the ...
Adidas will extend its sponsorship of Spanish soccer side Real Madrid until 2028, the German sportswear firm said on Wednesday, as it battles fierce competition in Europe from Nike and a resurgent Puma. Adidas has seen its leadership in soccer eroded in recent years by the advance of its bigger U.S. competitor Nike, which sponsors Real Madrid's arch rivals Barcelona and is reportedly in talks with Liverpool, second in the English Premier League. It also underpins Adidas' leadership in the football category," Chief Executive Kasper Rorsted said in a statement.
Our call of the day, from Byron Lotter, portfolio manager at South African-based Vestact Asset Management, says news that Berkshire is buying shares of Amazon is a wake-up call for investors who think the company is out of their reach.
Sales excluding currency movements rose 4 percent in the first quarter, with growth in China and from the internet offsetting sluggish revenues elsewhere. Operating profit was much better than expected, rising 17 percent to 875 million euros ($975.9 million). More-efficient sourcing and favorable currency movements boosted the gross margin, which in turn lifted the operating margin. It sees sales growth excluding currency movements of 5 percent to 8 percent, and the operating margin rising from 10.8 percent in 2018 to between 11.3 percent and 11.5 percent.
Adidas reported a forecast-beating rise in quarterly profits on Friday, helped by booming online sales, and said it hoped to fix supply chain problems in the North American market and revive growth in Europe by the end of the year. Shares in the German sportswear maker, which have risen by a quarter this year, jumped 7 percent to a new record high, with the sector also buoyed by Under Armour Inc raising its full-year earnings forecast on Thursday. The group's profitability has long lagged that of bigger rival Nike, but has improved under Chief Executive Kasper Rorsted, who has focused on expanding in North America and Asia and pushing online sales, where margins are higher than wholesale.
Kanye West garnered a lot of attention last year over his endorsements of President Donald Trump, among other things.
European shares ticked higher on Friday, helped by gains among banks and Germany's Adidas, one day after the regional index suffered its worst loss in six weeks. Adidas led the benchmark as shares in the sportswear maker rose about 7 percent after it reported a rise in quarterly net profit thanks to high-margin ecommerce even as overall sales growth slowed. Bank stocks rose half a percent, supported by a 1.8 percent rise in the London-listed shares of HSBC Holdings PLC after the lender beat quarterly profit estimates, bolstered by a surge in income from its core Asian business.