Adidas AG

OTCQX International Premier:ADDYYUnited States

Apr 30, 2024

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• DJ Adidas's Outlook Seen as Conservative -- Market Talk, from 7:56AM ET on Tuesday Apr 30, 2024 by Dow Jones

  7:56AM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: ADDYY
  
  1156 GMT - Adidas has made a positive impression with its final numbers for the first quarter, but the guidance still looks conservative, Warburg Research analyst Joerg Philipp Frey says in a note. The German shoe and sportswear major said that net profit swung to EUR170 million from a net loss of EUR39 million previously. The company had already disclosed preliminary figures on April 16, when it also raised its full-year expectations. For 2024, Adidas forecasts operating profit at around EUR700 million. On Tuesday, the company backed the recently-upgraded outlook, which is still too conservative, the analyst says. Shares are trade 1.5% lower at EUR228.90. (andrea.figueras@wsj.com)
  

• DJ Adidas Should Give More Details on Its Margin Expectations -- Market Talk, from 5:48AM ET on Tuesday Apr 30, 2024 by Dow Jones

  5:48AM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: ADDYY
  
  0945 GMT - Adidas might have to provide more details on its expectations for the coming years, Jefferies analysts write in a research note. For 2024, the German shoe and sportswear major backed its outlook, having raised it on April 16, and expects operating profit at around EUR700 million. Unsurprisingly, full-year guidance was maintained, Jefferies says, adding that investors might look for more information regarding the company's margin targets for 2026. For the first three months ended March, the gross margin improved by 6.4 percentage points to 51.2%. However, Adidas should also clarify to what extent the strong first-quarter gross margin could moderate later in the year, they add. Shares are down 0.8% at EUR230.40. (andrea.figueras@wsj.com)
  

• DJ Adidas Seems to Be Paving the Way for Growth -- Market Talk, from 5:16AM ET on Tuesday Apr 30, 2024 by Dow Jones

  5:16AM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: ADDYY
  
  0914 GMT - Adidas should have continued strong momentum as sales growth accelerates, Deutsche Bank analysts Adam Cochrane and Shwetha Ramachandran write in a research note. The German shoe and sportswear major confirmed first-quarter preliminary figures and said that net profit swung to EUR170 million from a net loss of EUR39 million previously. The company saw still elevated stock levels in North America, but it was able to partly offset the impact of high inventories with growth in other markets. "It is reassuring to see the broad geographic spread of the sales performance with the U.S. weak as expected but a much stronger Europe," DB says. "Adidas remains one of our top picks for 2024," DB says. Shares are down 0.8% at EUR230.40. (andrea.figueras@wsj.com)
  

• DJ Adidas Posts Better-Than-Expected Profit --- Update, from 2:32AM ET on Tuesday Apr 30, 2024 by Dow Jones

  2:32AM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: ADDYY
  
  By Nina Kienle
  
  Adidas posted net profit that beat analysts' expectations and confirmed its preliminary figures for its first quarter, citing brand momentum.
  
  

• *DJ Adidas Confirms Preliminary Figures, from 1:31AM ET on Tuesday Apr 30, 2024 by Dow Jones

  1:31AM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: ADDYY
  
  By Nina Kienle
  
  Adidas posted net profit that beat analysts' expectations and confirmed its preliminary figures for its first quarter, citing brand momentum.