|Bid||96.00 x N/A|
|Ask||97.50 x N/A|
|Day's Range||95.50 - 97.00|
|52 Week Range||60.00 - 98.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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To boost North American sales, Adidas is planning to run more plays for Patrick Mahomes. Chief Executive Bjørn Gulden said Adidas wants to elevate its partnerships with U.S. sports stars, notably Mahomes, the Kansas City Chiefs quarterback. “We need to utilize him better,” Gulden said on a quarterly results call.
This year’s must-have sneaker is a shoe so old it was launched in the former West Germany while the U.S. was still enacting the Marshall Plan. Ever since its invention as a soccer shoe in 1950 and subsequent evolution into a casual sneaker, the Adidas Samba has drifted in and out of fashion, without ever quite going away. Now, Adidas is racing to capitalize on the trend as it looks to fill an estimated roughly $2 billion-a-year void left by the collapse of its once lucrative Yeezy partnership with rapper Kanye West.
Wyndham Hotels & Resorts (WH) rejects Choice Hotels International's (CHH) $7.8 billion buyout bid. Athleticwear brand Adidas (ADDYY) is raising its guidance for the second time in three months on boosted sales tied to its Yeezy brand, previously affiliated with rapper Kanye West. Lastly, Chesapeake Energy (CHK) is exploring an acquisition of Southwestern Energy (SWN), according to a Reuters report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.