ADS.DE adidas AG

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”

adidas (XETR: ADS.DE) announced its 2022 Q2 financial results on August 4, 2022. According to the announcement, net sales were up 10.2% (3 months, YoY). On the other hand, operating profit and net income were down 27.9% and down 24.2%, respectively. In addition, gross margin was 50.3%, down 1.5 pp (3 months, YoY). The declinesContinue reading “adidas suffered from Supply Chain Constraints in 2022 Q2”

adidas AG (XETR: ADS.DE) announced its 2022 Q1 financial results on May 6, 2022. According to the announcement, net sales, operating profit and net income were down 0.6%, 38.0% and 11.5%, respectively (YoY, 3 months). Its gross margin recorded 49.9%, down 1.9 pp year over year. In addition, diluted EPS from continuing and discontinued operationsContinue reading “Adidas recorded Negative Operating Cash Flow due to Increase in its Working Capital”