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Adidas Shares Jump After Preliminary Results Beat Expectations
The sporting-goods company surpassed its own profit expectations amid fierce competition in the sector and as its biggest rival, Nike, continues to pursue a brand revamp strategy.
Adidas shares surge on festive trainer sales
Strong festive demand and the booming popularity of classic trainers propelled Adidas to better than expected profits in the final quarter of 2024, sending shares up 7 per cent on Wednesday. The German sportswear group on Tuesday evening reported an operating profit of €57mn for the three month period,
Adidas stock rises on preliminary Q4 results
Adidas (ADS.DE, ADDYY) reported preliminary fourth quarter results that exceeded expectations. In the release, CEO Bjørn Gulden says that despite economic headwinds his goal is "to again grow double-digit with the adidas brand and use that growth to continue to improve our operating profit and make further progress towards our 10% margin target.
Adidas sales surge 24% in preliminary Q4 results
For the full year revenue was also up double-digits, though CEO Bjørn Gulden said the brand is “not yet where we want to be long term.”
Adidas Surges After Holidays Lifted Sales of Sneakers
Adidas AG reported better-than-expected quarterly results, sending its shares soaring amid the sustained boom for retro sneakers like the Samba.
10h
on MSN
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.
6h
Big strides: Adidas gains again as analysts point to brand heat
Adidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) rose again on Wednesday as the investors and analysts latched on to the ...
6h
on MSN
Lionel Messi brings Union teen phenom Cavan Sullivan into his orbit, or at least Adidas does
The apparel giant, which outfits Sullivan and Messi, has cast the 15-year-old phenom in a social media video series about ...
1d
Adidas Makes A Big Push Into The Pickleball Market With Staksrud Sponsorship
An in-depth discussion with All Racquet Sports, the manufacturer behind the adidas pickleball line, discussing their ...
1d
Adidas Reports Fourth-Quarter Sales and Profitability Gains
Adidas reported sales of 5.956 billion euros ($6.2 billion) for the quarter, up from 4.812 billion a year ago. For the full ...
1d
Adidas seals turnaround year with strong fourth-quarter sales
Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and ...
1d
on MSN
Adidas seals turnaround year with strong quarterly sales — after Kanye disaster
The results mark a significant recovery for Adidas from an annual loss in 2023 for the first time in more than 30 years, ...
11h
I ran 50 miles in the Adidas Adizero Evo SL and it’s one of my favorite running shoes
The Adidas Adizero Evo SL has a lightweight and breathable mesh upper that has just enough padding to make the shoe ...
12h
on MSN
European stocks extend gains as Adidas propels DAX to record high
European stocks extended their recent run of gains on Wednesday, with strong holiday-quarter performance from Adidas pushing ...
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