ADS.DE adidas AG

adidas (XETR: ADS.DE) announced its 2023 Q2 financial results on August 3, 2023. According to the announcement, net sales were down 4.5% (YoY, 3 months). In addition, cost of sales was down 5.6%. The company recorded gross margin as 50.9% (3 months; up 0.6 pp, YoY). Moreover, operating profit was down 55.0% and net incomeContinue reading “adidas’ Sales in Latin America was Up 29.8% in 2023 Q2 Results”

adidas (XETR: ADS.DE) announced its 2023 Q1 financial results on May 5, 2023. According to the announcement, net sales were down 0.5% (YoY, 3 months). In addition, gross profit and operating profit were down 10.8% and 86.3%, respectively. Moreover, net loss attributable to shareholders was -39 million EUR (3 months). In contrast, the company recordedContinue reading “Inventory was Up 24.9% in adidas’ 2023 Q1 Results”

adidas (XETR: ADS.DE) announced its 2022 Q4 financial results on March 8, 2023. According to the announcement, net sales was up 1.3% (3 months, YoY). On the other hand, gross profit was down 19.2%. In 2022 Q4, adidas recorded operating loss and net loss of 724 million EUR and 513 million EUR, respectively (3 months).Continue reading “adidas’ Sales in the Greater China was greatly deteriorated in 2022 Q4”

adidas AG (XETR: ADS.DE) announced 2022 Q3 financial results on November 9, 2022. According to the announcement, net sales were up 11.4% (3 months, YoY). Meanwhile, adidas’ operating income and net income were down 16.0% and 64.2%, respectively. Gross margin was reported as 49.1%, down 1.0pp year-over-year (3 months). In this regard, decline of grossContinue reading “Net Income was Down 64.2% in adidas’ 2022 Q3 Financial Results”