The Latest Breaking News from Adidas AG

Despite challenges like intense competition, the athletic wear industry is growing rapidly due to innovation, demand for comfort and style, increased outdoor activity, and excitement for the Paris Olympics 2024. Therefore, investors could consider watching popular athletic stocks: NIKE (NKE) and adidas (ADDYY). Read on.

The sportswear industry faces inflation and inventory challenges but is poised to witness considerable long-term growth thanks to robust Gen Z’s spending amid increasing health and fitness awareness and e-commerce growth. Amid this, let’s analyze whether it would be wise to add NIKE (NKE) and adidas (ADDYY) to your portfolio…

On Wednesday, shares of Adidas AG (OTC: ADDYY) experienced volatile short activity. After the activity, the stock price went up +1.87% to $87.57.  The overall sentiment for ADDYY has been Bearish.

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

Adidas AG (OTC:ADDYY) reported a fourth-quarter FY21 sales decline of 0.1% year-on-year, to €5.1 billion. Currency-neutral revenues in Q4 declined 3%. Supply shortages due to the lockdowns in Vietnam, challenging market environment in Greater China, and COVID-19 related lockdowns in Asia-Pacific reduced revenue growth by more than €400 million in Q4. Currency-neutral revenues…