Adidas CEO says further tariffs would lift inflation and dent volumes
Further U.S. tariffs on imports would cause prices to rise and consumers to buy fewer products, Adidas chief executive officer Bjorn Gulden said on Wednesday as the business navigates higher levies implemented by President Donald Trump's administration on China, Canada, and Mexico.
adidas exits Yeezy street as results beat expectations
Adidas AG (OTCQX:ADDYY) reported a strong financial performance in 2024, with operating profit boosted by €200 million from the final sale of Yeezy inventory. While this was lower than the €300 million contribution in 2023, the company saw overall revenue rise 11% to €23.6bn.
Adidas sold last pair of Yeezy sneakers
Adidas sold its last remaining pair of Yeezy sneakers in the fourth quarter, it said on Wednesday, ending the process of liquidating stock of the lucrative shoe line developed with rapper Ye, whom the sportswear brand cut ties with in October 2022.
Adidas sales rise 19% in the fourth quarter, beating expectations
The German sportswear giant recorded a 19% increase revenues at neutral currency rates to 5.97 billion euros ($6.34 billion) in the fourth quarter, ahead of the 5.72 billion euros forecast by LSEG analysts. Adidas is attempting to grow its market share in North America amid declining sales at Nike and a broader retailer shift away from an overdependence on a weaker China.
Adidas sees growth at high single-digit rate in 2025
Adidas expects sales growth of up to 10% this year, slowing slightly after a strong 2024, as it sees continued double-digit growth for the adidas brand.
Nike can take a leaf out of its past struggles with Adidas to boost sales, analysts say
Nike is trying to reclaim its sports apparel edge by focusing on performance wear. The company previously overcame challenges by boosting product launches.
Adidas AG (ADDYY) Just Flashed Golden Cross Signal: Do You Buy?
After reaching an important support level, Adidas AG (ADDYY) could be a good stock pick from a technical perspective. ADDYY recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Adidas Issues Preliminary Results for Q4, Records 19% Revenue Growth
ADDYY posts preliminary results for the fourth quarter of 2024. Revenues, on a currency-neutral basis, rose 19% in the quarter under review.
Adidas to cut up to 500 jobs after posting better than expected holiday profits
Adidas will cut as many as 500 jobs as it looks to simplify its business.
Adidas to axe up to 500 jobs at headquarters, source says
Adidas CEO Bjoern Gulden plans to cut up to 500 jobs at the German sport retailer's headquarters in Herzogenaurach, a source who took part in a meeting where the figure was announced told Reuters on Thursday.
Puma stock slumps, a day after Adidas rally. New Speedcat range may be to blame.
Puma shares slumped on Thursday as the German apparel maker's preliminary fourth-quarter numbers disappointed analysts.
Adidas has ‘brand heat,' analysts say. It's a hot stock, too.
Adidas stock rallied on Wednesday as the apparel maker said its fourth-quarter results would come in ahead of estimates.
