adidas AG

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following geographical segments: EMEA, North America, Greater China, Asia-Pacific, Latin America, and Other Businesses. The Other Businesses segment includes the activities of the Y-3 label and other subordinated businesses. The company was founded by Adolf Dassler in 1920 and is headquartered in Herzogenaurach, Germany.

Earnings data Q1 2021

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New York, New York--(Newsfile Corp. - February 16, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of adidas AG (OTCQX: ADDYY) (OTCQX: ADDDF) resulting from allegations that adidas may have issued materially misleading business information to the investing public.

TOP RANKED ROSEN LAW FIRM Encourages adidas AG Investors to Inquire About Securities Class Action Investigation - ADDYY, ADDDF

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of adidas AG (OTC: ADDYY, ADDDF) resulting from allegations that adidas may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Adidas securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ADDYY, ADDDF EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages adidas AG Investors to Inquire About Securities Class Action Investigation – ADDYY, ADDDF

New CEO Bjorn Gulden kicks off his tenure with a major reset of adidas' FY23 guidance. While the size of the writedowns at Yeezy and the 'strategic review' allocation indicate conservatism, the new CEO's turnaround plans could still entail more P&L disappointments ahead.

adidas AG: Unscheduled 'Kitchen Sinking' Update

“Catastrophic” is the blunt assessment of Adidas AG's 2023 outlook, as given by Saxo Bank's Peter Garnry. Adidas' Kanye West-sized PR nightmare is the first and most obvious headwind blowing the German sportswear giant's track off course.

Adidas won't have it Yeezy in 2023, but problems extend beyond Kanye

Dire forecasts for 2023 imply Adidas expects to take a substantial sales and profit hit outside of Yeezy's impact on the company.

Adidas is facing a problem even bigger than Yeezy

Shares of Adidas fell by as much as 12.6% on Friday after the firm warned it could end the year on a loss for the first time in three decades.

Adidas says Kanye West split could cost company $1.3B as Yeezy shoes go unsold

Adidas shares plummeted Friday morning after the company said it could lose hundreds of millions of dollars this year from its failed partnership with rapper Kanye West, whose antisemitic remarks last year prompted the sportswear giant to sever ties.

Adidas Shares Plummet As Losses Loom From Stockpile Of Unsold Yeezys Left After Kanye West Breakup

Adidas' breakup with Ye could lead to a revenue loss of 1.2 billion euros (about $1.3 billion) in 2023. The sportswear company said in a Thursday (Feb.

Adidas Could Lose $1.3B in 2023 From Unsold Yeezy Inventory

The sportswear company had created Yeezy through a partnership with rapper and businessman Ye, formerly known as Kanye West, that was terminated last year following controversial and offensive stances.

Adidas' Yeezy Line Isn't Selling. The Retailer Is Ready to Take a Hit.

Adidas Stock Slumps on Expected Massive Loss if It Can't Move Yeezy Inventory

Adidas is warning that the German sportswear company could be headed to a loss in 2023 if it can't sell its inventory of Yeezy shoes. The company cut ties with rapper Ye in October.

Adidas warns of losses in aftermath of Yeezy fallout

Global sportswear manufacturer Adidas has said ending its partnership with Kanye West will hit profits by €500mln in 2023 due to unsellable stock left with the business. If Kanye West's “Yeezy' branded stock cannot be repurposed it would lower operating profits and revenue for 2023 by €500mln and €1.2bln respectively, said the German leisure group.

Adidas warns Kanye West association could cost it €500mln

German sportswear company cut ties with rapper in 2022 over his antisemitic comments

Adidas could take €1.2bn revenue hit if it writes off Kanye West's Yeezy stock

Adidas could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell its existing Yeezy stock.

Adidas could take a $1.3 billion revenue hit if it can't shift its Yeezy stock

adidas is a multinational athletic and sports brand, selling apparel, accessories and footwear. We think economic conditions will lead to falling sales and difficulty in moving inventory in 2023. We are already seeing margins contract for this reason in Q4.

adidas: Limited Upside On Weakening Economy

At its peak, the Yeezy brand generated $2 billion in sales for Adidas, through high-heat releases like the Foam RNNR, 350 V2, and 700 models.

Adidas could lose $750 million if it doesn't sell off its stockpile of Yeezys

Sneaker maker Adidas AG on Thursday said it could take a big hit to profit and sales should it decide not to sell any of the existing Yeezy products made under a collaboration with megastar Kanye West, sending shares down nearly 10% Thursday.

Adidas is still holding a lot of Kanye West's Yeezy gear, and it could cost the company more than $1 billion

Adidas shares slumped as much as 11% on Friday after the sportswear maker warned the fallout from its split with Kanye West could wipe out operating profits this year, its fourth profit warning in less than six months.

Adidas slumps as Kanye split triggers new profit warning

Beyoncé's fashion brand Ivy Park is not as profitable as Adidas was hoping. Kanye West's Yeezy streetwear line did much better for the sportswear giant.

Beyoncé's clothing line with Adidas suffers from weak sales

Sales of the Ivy Park line decreased 50% in 2022, according to the Wall Street Journal. Adidas recently ended a lucrative deal with Kanye West.

Beyoncé's line with Adidas is reportedly struggling, driving home the challenge of filling the $2 billion gap left by Kanye West's Yeezy line

The brand did just $40 million in sales last year, according to documents obtained by the Wall Street Journal.

Beyoncé's Ivy Park Adidas Clothing Line Is Reportedly Losing Money For Sportswear Brand

Beyoncé fans are clamoring for tickets to her world tour, but the music superstar is having a harder time finding buyers for her line of inclusive streetwear.

Beyoncé's clothing line missing Adidas projections by $200 million, documents show

Revenue from the singer's Ivy Park brand fell more than 50% last year and has been running below internal projections, documents show.

Beyoncé's Clothing Line With Adidas Suffers From Weak Sales

NEW YORK (AP) — Smiling, fashion designer Thom Browne emerged from a New York courthouse Thursday victorious over sportswear giant Adidas in a grand battle over signature stripes.

Fashion designer Thom Browne plays successful defense against Adidas in suit over stripes

The Yes Men, an activist group that has a history of creating spoofs to draw attention to corporations, said it was behind the releases.

News for adidas AG Stock (ADDYY)