Stuttgart - Delayed Quote • EUR adidas AG (ADS1.SG) Follow Compare 128.00 -1.00 (-0.78%) At close: January 23 at 9:37:50 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations 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. Puma and Adidas Share Price Performance Gap Gets Even Wider (Bloomberg) -- The gulf in performance between Adidas AG and Puma SE shares since Bjorn Gulden hopped between the German sportswear makers just got wider.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30Puma shares fell as mu 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. An Adidas spokeswoman decline to confirm the number but said the company structure was "too complex in a constantly changing world". In recent years, Gulden has begun to decentralize the company and shift responsibility from headquarters to individual markets. Puma Plunges After Profit Warning Highlights Adidas’s Lead (Bloomberg) -- Puma SE shares plunged after the German sportswear company reported disappointing earnings and pushed back profitability targets in a painful contrast to cross-town rival Adidas AG. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almo 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.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch. Trending tickers: Nvidia, Oracle, Netflix, Adidas and JD Wetherspoon The latest investor updates on stocks that are trending on Wednesday. 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.” With 55% institutional ownership, adidas AG (ETR:ADS) is a favorite amongst the big guns Key Insights Significantly high institutional ownership implies adidas' stock price is sensitive to their trading... Adidas Sees Strong Finish to 2024 With Revenue and Profit Surge For the full fiscal year, Adidas said that revenues increased 11 percent in 2024 to 23.68 billion euros. Adidas seals turnaround year with strong fourth-quarter sales LONDON (Reuters) -Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period, sealing a successful turnaround year. The German sportswear brand focused in the past year on fuelling a trend for its retro multicoloured, three-striped shoes like the Samba and Gazelle to reboot its brand and boost sales, and has benefited from weaker performance at its bigger rival Nike. Adidas reported sales of 5.956 billion euros ($6.2 billion), up from 4.812 billion a year ago. New Balance sales jump 20% in 2024, reach record $7.8 billion New Balance CEO Joe Preston told Yahoo Finance that the sneaker company had its best year ever in 2024, with global annual sales reaching $7.8 billion — a 20% increase from 2023. 'Italian touch' lifts sportswear brand Macron towards giants Nike and Adidas Italian brand Macron has produced high-performance sportswear along with huge growth since being taken over in 2004. Nike Vs Adidas Stock: Which is the Better Investment for 2025? As we begin 2025, Nike (NKE) shares have hovered near 52-week lows while Adidas (ADDYY) stock is not far from its highs. Nike stock target cut at RBC, Adidas preferred name Investing.com -- RBC Capital Markets lowered its price target for Nike Inc (NYSE:NKE) to $70 from $80 on the prolonged challenges in the company’s turnaround efforts. While the brokerage maintained its "sector perform" rating, noting that calendar 2025 is likely to be a reset year based on management's guidance during second-quarter results. 3 Stocks Estimated To Be Trading At Discounts Ranging From 22.7% To 49.1% As global markets navigate a mixed start to the new year, with U.S. stocks finishing another strong year despite recent economic indicators pointing towards challenges, investors are increasingly on the lookout for opportunities that may be trading below their intrinsic value. In such an environment, identifying undervalued stocks can be crucial, as these investments have the potential to offer significant returns if market conditions align with their fundamental strengths. Zacks Industry Outlook Adidas, Skechers, Steven Madden, Carter's and Wolverine World Wide Adidas, Skechers, Steven Madden, Carter's and Wolverine World Wide have been highlighted in this Industry Outlook article. Shoes & Retail Apparel Industry Reflects Momentum: 5 Stocks to Benefit The Shoes & Retail Apparel industry is driven by innovation, demand and digital investments, benefiting companies like ADDYY, SKX, SHOO, CRI and WWW. Rising costs and reinvestments are challenges. Investors Could Be Concerned With adidas' (ETR:ADS) Returns On Capital If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop... Are Consumer Discretionary Stocks Lagging Norwegian Cruise Line (NCLH) This Year? Here is how Norwegian Cruise Line (NCLH) and Adidas AG (ADDYY) have performed compared to their sector so far this year. adidas AG's (ETR:ADS) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue? Most readers would already be aware that adidas' (ETR:ADS) stock increased significantly by 11% over the past month... Performance Overview Trailing total returns as of 1/23/2025, which may include dividends or other distributions. Benchmark is DAX P Return ADS1.SG DAX P YTD +9.40% +7.55% 1-Year +55.67% +28.34% 3-Year +6.99% +37.22%