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ADDDF adidas AG
Trading 01-12 10:34:21 EST Delay
The Casual Footwear Boom Is Over. It's Bad News for Adidas. -- Barrons.com
Adidas Continues To Expect Double-Digit Currency-Neutral Revenue Growth For Adidas Brand For FY; Operating Profit Improved Strongly To €736 Million; Including Yeezy Sales In Prior-Year Period, Currency-Neutral Revenues Are Now Expected To Increase By Around 9%; Says Improved Profitability Outlook Reflects Continued Brand Momentum, Better Business Performance, Successful Efforts To Mitigate Costs From U.S. Tariffs
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. It sells its products through its own retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.