|Bid||283.45 x 37900|
|Ask||283.45 x 75600|
|Day's Range||280.65 - 286.50|
|52 Week Range||178.15 - 286.50|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||31.64|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||3.35 (1.18%)|
|1y Target Est||198.06|
Shaquille O'Neal wants to get in on the sneaker game as he told CNBC that he would like to buy Reebok. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.
After looking at adidas AG's (FRA:ADS) latest earnings announcement (31 March 2019), I found it useful to revisit the...
Today we are going to look at adidas AG (FRA:ADS) to see whether it might be an attractive investment prospect...
(Bloomberg Opinion) -- Behold the power of the home-court win. Nike Inc.’s fourth-quarter earnings showed revenue at its North America division rose a robust 7 percent from a year earlier to $4.17 billion, powered by strong growth in sneaker sales. The gain, which exceeded analysts’ expectations, helped offset an earnings-per-share miss that prompted an initial after-hours drop in the stock, from which it recovered. It was an important moment for Nike to show strength in its core market. When the athletic apparel giant had reported third-quarter results back in March, investors punished the stock in part due to weaker-than-expected growth in North America. At the time, executives had sought to assure analysts that challenges there – particularly in the apparel category – reflected the timing of product launches. They said they hadn’t seen any worrisome signals about consumer demand for their clothing in North America. The upbeat results reported Thursday in that segment, and in that geographic region overall, help make the case that Nike’s brand remains quite healthy in this important market.We had gotten earlier cues that this might be a solid quarter for Nike in North America. In May, Kohl’s Corp. had called out Nike (and its competitors Under Armour Inc. and Adidas AG) for driving a robust “mid-single-digit” increase in active-wear sales in the quarter – a bright spot in otherwise dismal results for the department store. Dick’s Sporting Goods Inc. executives said during a May earnings conference call the company was “very pleased” with its Nike business.The results add to evidence that Nike should remain a rare place of calm during a stormy moment for the clothing business, a place where sales remain healthy even as margin-eating discounts bring pain to other corners of the industry and as retailers’ woes force some to close stores. It’s true that the potential for new tariffs of $300 billion worth of Chinese goods, including clothes and shoes, could rattle the entire U.S. apparel business. But at least Nike will be weathering that challenge, should the levies be enacted, from a position of strength.A couple of years ago, I was worried that Nike was starting to lose some of its product-development magic. It seemed to be struggling to react to cooling interest in basketball shoes and straining to fight back against encroachment from red-hot Adidas. But it appears that Nike’s recent efforts to speed and revamp its innovation pipeline are paying off, with offerings such as VaporMax and Air Max Dia getting a favorable reception from shoppers. That should help Nike hold its own not just at home, but in crucial growth markets such as China. And other types of product innovation, such as in its sports-bra lineup, should help it continue to make inroads with women shoppers – an important pillar of its near-term growth plans.All of that should complement the difficult work Nike has done to reshape its wholesale presence and lure shoppers to its membership program and SNKRS app.Nike has put some serious sweat into making sure it can continue to grow at home even as malls struggle and the athleisure trend wanes. This quarter it showed the hustle is paying off. To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
3-D printing unicorn Carbon, a frequently mentioned IPO candidate, on Tuesday announced a new funding round of over $260 million, hiking its overall total to $680 million and giving it a valuation of $2.4 billion.
Adidas has failed in an attempt to broaden trademark protection for its three-stripes symbol in the European Union as rivals seek to muscle into the market for striped shoes and clothing. Adidas had tried to establish a wider trademark for "three parallel equidistant stripes of equal width applied to the product in whichever direction". The German sporting goods company has trademark protection for its slanted three-stripe logo.
Sixteen of the world's biggest advertisers have joined together to push platforms such as Facebook, Twitter and Google's YouTube to do more to tackle dangerous and fake content online. The Global Alliance for Responsible Media will also include media buying agencies from the major ad groups - WPP, IPG, Publicis, Omnicom and Dentsu - as well as the platform owners, the group said on Tuesday at the ad industry's annual gathering in Cannes, France. Luis Di Como, executive vice president of global media at Unilever, said it was the first time that all sides of the industry had come together to tackle a problem that had far reaching consequences for society.
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
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.