Adidas Stock News

Adidas posted strong third-quarter growth. CEO Bjørn Gulden said the footwear giant is building momentum to become "a great company again.

Die kanadische Bank RBC hat das Kursziel für Adidas DE000A1EWWW0 von 265 auf 270 Euro angehoben und die Einstufung auf "Outperform" belassen.

Die Schweizer Großbank UBS hat das Kursziel für Adidas DE000A1EWWW0 von 279 auf 280 Euro angehoben und die Einstufung auf "Buy" belassen.

Deutsche Bank Research hat das Kursziel für Adidas DE000A1EWWW0 von 270 auf 275 Euro angehoben und die Einstufung auf "Buy" belassen.

adidas AG (OTCQX:ADDYY) Q3 2024 Earnings Call October 29, 2024 10:00 AM ET Company Participants Sebastian Steffen - Head, Investor Relations Bjørn Gulden - Chief Executive Officer Harm Ohlmeyer - Chief Financial Officer Conference Call Participants Edouard Aubin - Morgan Stanley Zuzanna Pusz - UBS Piral Dadhania - RBC Jürgen Kolb - Kepler Cheuvreux Warwick Okines - BNP Paribas Exane Monique Pol...

The sale of parts of the remaining Yeezy inventory generated revenue of around $215 million in the quarter - well below last year.

Adidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement.

Adidas AG's Yeezy (aka publicly exiled US rapper Kanye West) troubles led to a 3% year-on-year decline in e-commerce revenue for the third quarter. While the sale of remaining Yeezy inventory generated approximately €200 million in revenue, this was notably lower than the €350 million reported in the third quarter of last year.