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”

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