Adidas (ADDYY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Adidas AG (ADDYY) and Netflix (NFLX) have performed compared to their sector so far this year.
Operating profit rose to €610 million from €336 million previously, the German sporting-goods company said.
The sportswear sector has taken a knock from US tariffs, but UBS thinks Adidas AG (OTCQX:ADDYY) can handle the pressure better than the rest. The German maker of the iconic Samba trainer might be facing the same global headwinds as its rivals, but UBS believes the brand is in a stronger position to come through the storm.
Adidas (ADDYY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Investors interested in stocks from the Shoes and Retail Apparel sector have probably already heard of Adidas AG (ADDYY) and Nike (NKE). But which of these two stocks offers value investors a better bang for their buck right now?
JD Sports Fashion PLC (LSE:JD.) shares were one of the biggest fallers in the FTSE 100 fallout from Donald Trump's new tariff announcement, ahead of a trading update from the sportswear retailer next Wednesday, 9 April.
Apparel makers reliant on Asian sourcing got hammered on Thursday, slammed by President Donald Trump's hefty new round of tariffs.
Shares in Nike, Adidas and Puma dropped sharply on Thursday after U.S. President Donald Trump imposed a raft of new tariffs, including on Vietnam, Indonesia, and China, key sourcing markets for the sportswear companies.
The Shoes & Retail Apparel industry thrives on innovation, demand and digital growth, benefiting NKE, ADDYY and BIRK, but faces rising costs and reinvestment challenges.
Adidas showed strong top-line growth and margin expansion in 4Q24, but macro uncertainties and conservative FY25 guidance limit the stock's upside potential. Significant improvements were seen across all key regions, especially North America, where Adidas returned to double-digit growth after multiple quarters of struggle. Despite broad-based demand momentum and balanced channel growth, cautious management guidance and macroeconomic concerns warrant maintaining a hold rating on Adidas.
Puma shares tanked 20% in early trading in Frankfurt after the sportswear giant delivered another disappointing set of results. Puma warned that 2025 will be another slow year, blaming global trade tensions, currency swings and economic uncertainty - the second time in less than two months it has sounded the earnings alarm.