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”
Category Archives: ADS.DE
Net Income was Down 64.2% in adidas’ 2022 Q3 Financial Results
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 suffered from Supply Chain Constraints in 2022 Q2
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 recorded Negative Operating Cash Flow due to Increase in its Working Capital
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”
Adidas Net Income was Up 390% for the Full-Year in 2021
adidas AG (XETR: ADS.DE) announced its 2021 full-year financial results on March 9th, 2021. According to the announcement, net sales, operating profit and net income were up 15%, 166% and 390%, respectively (TTM, YoY). In this regard, adidas recorded gains from discontinued operations of EUR 666 million related to the expected divestiture of the ReebokContinue reading “Adidas Net Income was Up 390% for the Full-Year in 2021”
Diluted EPS declined by 9.3% in Adidas 2021 Q3 Financial Results
adidas AG (XETR: ADS.DE) announced its 2021 Q3 financial results on November 10, 2021. According to the annoucement, net sales was up 3.4% (3 months, YoY). On the other hand, operating profit was down 8.5%. Gross margin was decreased by 0.2 pp due to currency fluctuations and supply chain costs. However, it was still recordedContinue reading “Diluted EPS declined by 9.3% in Adidas 2021 Q3 Financial Results”