0OLD.IL - ADIDAS AG ADIDAS N ORD SHS

IOB - IOB Delayed price. Currency in EUR
291.08
+2.38 (+0.82%)
At close: 6:29PM GMT
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Previous close288.70
Open289.55
Bid288.65 x 0
Ask294.55 x 0
Day's range288.40 - 291.90
52-week range178.90 - 317.35
Volume54,592
Avg. volume186,151
Market capN/A
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Under Armour's New CEO Makes an Ugly Start
    Bloomberg

    Under Armour's New CEO Makes an Ugly Start

    (Bloomberg Opinion) -- Any new chief executive likes to make their own mark. For Patrik Frisk, who took the helm of Under Armour Inc. last month, there’s even more reason than most. While founder Kevin Plank has ceded the role of CEO, he’s staying around as chairman and brand chief at the maker of athletic apparel.At first glance, the surprise sales and profit warning that Frisk, who spent two-and-a-half years as chief operating officer, announced on Tuesday, looks like the last thing he would have wanted to unleash on investors during his first update. And that’s not all: Under Armour is also considering another restructuring,To be fair, some of the cut to revenue guidance is down to the coronavirus –  a risk shared with rivals Nike Inc. and Adidas AG. But it is also due to a decline in sales in North America, where efforts to rein in discounting and concentrate on the style, fit and performance of apparel have taken longer to bear fruit. Profit estimates were also lowered: The mid-point of the $105 million to $125 million range would imply a halving of operating earnings from 2019, according analysts at Bernstein.The big downgrade is clearly unwelcome to investors, who may be forgiven for thinking they have been here before. The group has been restructuring, including cutting jobs, for the past three years. However, such a dramatic lowering of guidance does provides more leeway to try to fix the U.S. business, where more work is clearly needed, and potentially scope to outperform later on.  There were some bright spots. Under Armour’s gross margin, which expanded by 1.8 percentage points in 2019, is forecast to widen by another 0.3 to 0.5 percentage point this year. Inventories are also falling, and the wholesale market is showing signs of stabilizing.Under Armour’s reduced outlook also paves the way for more cost-cutting. Taking an ax to expenditure could lead to savings of $30 million to $50 million in 2020, even though this could cost as much as $425 million in pre-tax charges. Of this, $225 million to $250 million relates to the possibility of foregoing opening a flagship store in New York. Pausing this project looks wise given the outlook. So Frisk may be erring on the side of caution as he takes the reins.But there’s still considerable uncertainty as to whether Under Armour’s strategy  —  focused foremost on performance rather than fashion —  will pay off. Meanwhile, competition from Nike and Adidas isn’t getting any easier, with the latter pushing ahead with its collaboration with Beyonce. Add in a federal investigation into Under Armour’s accounting practices, and whether Plank will be able to relinquish some control and the outlook remains highly uncertain.After under-promising, Frisk has little choice but to over-deliver.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • You Have To Love adidas AG's (ETR:ADS) Dividend
    Simply Wall St.

    You Have To Love adidas AG's (ETR:ADS) Dividend

    Today we'll take a closer look at adidas AG (ETR:ADS) from a dividend investor's perspective. Owning a strong business...

  • China Outbreak to Spur Higher Prices as Farm Links Disrupted
    Bloomberg

    China Outbreak to Spur Higher Prices as Farm Links Disrupted

    (Bloomberg) -- China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further gains in the coming months likely.Consumer prices rose 5.4%, with food prices jumping the most since 2008 in January. Even before the coronavirus, prices were likely to have risen sharply due to the normal spike in demand around the Lunar New Year and the effects of the African Swine Fever outbreak which has killed millions of pigs and damaged pork supplies. Pork prices gained the most on record.The dramatically worsening coronavirus situation in the last 10 days of the month exacerbated those factors and could prolong the high prices. That will not only hurt consumption domestically, but could push up prices globally, with extended shutdowns in China hurting supplies of various industrial goods and exported foods.“The virus outbreak has rewritten the supply and demand story in China, with supply staying at a relatively low level except for the medical sector and demand also falling,” said Tommy Xie, an economist at Oversea-Chinese Banking Corp in Singapore. “Prices will likely continue to rise due to weak supply.”The fallout will also impact foreign companies with production or sales in China, and may well lead to rising prices for consumer goods in the U.S. and elsewhere if factories can’t restart soon.Apple Inc.’s main iPhone production partner has told employees at its Shenzhen facility not to return to work Monday when the extended Lunar New Year break ends, and its production resumption hinges on the government’s guidance.‘Nightmare’ for Global Tech: Coronavirus Fallout Just BeginningOther multinationals with footprints in China are already seeing disruptions. Nike Inc. closed about half of its company-owned stores in China and rival brand Adidas AG also said it has closed a significant number of stores in China, as a result of the outbreak, Bloomberg reported last week.The rise in CPI was mainly due to the Lunar New Year and the coronavirus epidemic, and also due to a lower base last year as the holiday was in February 2019, the National Bureau of Statistics said in a statement.What Bloomberg’s Economists Say...“Looking ahead, CPI inflation is likely to be volatile. The impact of the virus could cause prices of food, such as vegetables, to rise further. On the other hand, it could reduce household demand, sapping inflationary pressures.”\-- David Qu, Bloomberg EconomicsClick here for the full noteChinese farmers are feeling the pain as authorities have ordered shutdowns and road blockages in various cities and areas in an attempt to contain the spread of the illness. Roads to transport animal feed and farm products were blocked, leaving farmers to watch their poultry starve and farm products go bad.Sun Dawu, founder of Hebei Dawu Agriculture and Livestock Group, wrote on Weibo on Jan. 30 that his company had to “dispose” of about 5,000 kilograms of fresh eggs and 40,0000 baby chickens on a daily basis, because “we aren’t able sell these, and even if we managed to sell to merchants, they dare not trade livestock.”“The animal feed and animal farming industries are about to get burnt,” he said in another post on Weibo, China’s equivalent of Twitter, on Feb 4.Right now the main problem his company is facing is road blockages, according to a company manager called Yang, who only gave his last name. “It has got better, but there are still some extremes cases where our trucks aren’t allowed to exit highways or enter villages,” he said Monday via phone.Blockages ForbiddenThe issue was so bad the Ministry of Agriculture was forced to intervene, last week ordering people not to intercept vehicles transporting animal feed and live animals, not to close slaughterhouses, and not to block village roads.Taobao, one of China’s biggest e-commerce platforms owned by Alibaba Group, has launched a campaign called “Foodies Help Farmers” to promote the sale of products from kiwi fruits to asparagus which have been disrupted. “Don’t let fruit and vegetables rot on the farms,” is the slogan.The faster inflation is benefiting some agricultural companies, at least in the short-term. The stock prices of Beijing Dabeinong Technology Group Co. and Heilongjiang Agriculture Co. both hit the 10% daily upside limit as of 11:14 a.m. local time, while Muyuan Foodstuff Co. jumped 8.2% and Wens Foodstuffs Group Co. climbed 5.5%.“After the virus is contained and lockdown measures are lifted, demand will likely recover more quickly than supply, which may be more or less delayed by a potential disruption of supply chains, resulting in rising CPI inflation,” Lu Ting, Nomura Holdings chief China economist, wrote in a report to clients last week.(Updates with impact on companies from fifth paragraph. The comment of an economist was corrected in an earlier version of this story.)\--With assistance from Tomoko Sato, Yinan Zhao, Miao Han and Ken Wang.To contact Bloomberg News staff for this story: Lin Zhu in Beijing at lzhu243@bloomberg.netTo contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James MaygerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • How to Make Money Out of Misery
    Bloomberg

    How to Make Money Out of Misery

    (Bloomberg Opinion) -- Billionaire Mike Ashley has unpacked a haul of good news from his giant Sports Direct bag, the first investors in the sportswear-to-statement jacket empire have enjoyed for a while.After a dismal showing in July — when Sports Direct International Plc first delayed its full-year earnings statement, and then accompanied it with news it faced a surprise tax bill in Belgium potentially worth 674 million euros ($750 million) — the bar for doing better was pretty low.But the group seems to be stabilizing after the tumultuous period in the wake of its acquisition of the troubled House of Fraser department store chain in August 2018.For now, Sports Direct hasn’t split out House of Fraser’s sales and profits. Instead, the storied British chain has been lumped in with the premium lifestyle division, which includes the upmarket Flannels boutiques. In the half year to Oct. 27, the unit made a loss on an underlying Ebitda basis of 5.6 million pounds, compared with a deficit of 29 million pounds in the year-earlier period.This implies House of Fraser’s losses shrunk noticeably. Tony Shiret at Whitman Howard estimates the loss at about 10 million pounds, compared with 31.5 million pounds previously.This all led Ashley to declare “green shoots of recovery” at the department store. More importantly, he also had good news for the outlook. The company now expects full-year underlying Ebitda of between 356.4 million pounds and 390.3 million pounds. That’s up by between 5% and 15% — the range the company has historically targeted — from 339.4 million pounds in the year to April 2019, excluding House of Fraser.Ashley also provided reassurance on the Belgian tax bill, saying that it won’t be such a big problem after all, and should not lead to a material charge. Finally, a 120 million-pound sale and leaseback for Sports Direct’s Shirebook campus has helped to halve net debt, which had been ratcheting up.The shares rose as much as 27%. But investors shouldn’t get too ahead of themselves. First of all, there is still work to do at House of Fraser. While the group will move forward with a number of stores under the Frasers banner — also the new name for Sports Direct — more outlets will close. Sports Direct must also convince the luxury brands to back his Frasers vision, although this should receive a boost from the Flannels offering. Brands such as Burberry Group Plc were much in evidence at Flannels’ new flagship on London’s Oxford Street.While much attention has focused on House of Fraser, it and Flannels are still a small part of the group. It is the core Sports Direct sportswear stores that drive the performance. Here sales, excluding acquisitions, fell 8.6%, as Sports Direct took the division upmarket. Revamped stores are performing well, and selling more expensive items, together with less discounting, is bolstering margins. But the group can’t let up the pace of these refurbishments. Ashley will have to convince the big sportswear brands, Nike Inc. and Adidas AG to supply it with their hottest sneakers, just at a time when Nike is becoming more choosey about who it sells to.And let’s not forget the risk of impulsive action from Ashley himself. The strategy of taking advantage of others’ misery by acquiring brands to sell in his stores is a sensible one. But the dangers of overstretch, as well as unconventional corporate governance moves, are ever present.Compared to this time last year, Sports Direct has things under more control. Investors will be looking out to see if the same can the same be said of its unpredictable founder.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Does adidas AG's (ETR:ADS) CEO Salary Reflect Performance?
    Simply Wall St.

    Does adidas AG's (ETR:ADS) CEO Salary Reflect Performance?

    Kasper Rorsted became the CEO of adidas AG (ETR:ADS) in 2016. This analysis aims first to contrast CEO compensation...

  • What Kind Of Shareholder Owns Most adidas AG (ETR:ADS) Stock?
    Simply Wall St.

    What Kind Of Shareholder Owns Most adidas AG (ETR:ADS) Stock?

    The big shareholder groups in adidas AG (ETR:ADS) have power over the company. Institutions will often hold stock in...

  • We Think adidas (ETR:ADS) Can Manage Its Debt With Ease
    Simply Wall St.

    We Think adidas (ETR:ADS) Can Manage Its Debt With Ease

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Did You Miss adidas's (ETR:ADS) Whopping 389% Share Price Gain?
    Simply Wall St.

    Did You Miss adidas's (ETR:ADS) Whopping 389% Share Price Gain?

    Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are...

  • Motley Fool

    Is Under Armour a Buy?

    The once-turbocharged sports apparel company has fallen on hard times. Could this be an opportunity to pick up the stock at a discount?

  • 5 Reasons Foot Locker Stock Dropped to a 52-Week Low
    Motley Fool

    5 Reasons Foot Locker Stock Dropped to a 52-Week Low

    The bears say the footwear retailer is struggling against first-party retailers like Nike and Adidas.

  • Motley Fool

    A Foolish Take: Apparel and Shoes Top Back-to-School Shopping Lists

    Apparel brands that resonate with teens could benefit from the back-to-school rush.

  • Where Will Under Armour Be in 5 Years?
    Motley Fool

    Where Will Under Armour Be in 5 Years?

    The underdog footwear and apparel maker will struggle to win back the bulls.

  • The 4 Worst Numbers From Under Armour's Q2 Earnings
    Motley Fool

    The 4 Worst Numbers From Under Armour's Q2 Earnings

    The industry underdog delivers underwhelming numbers, but still trades at a premium valuation.

  • 4 Reasons Athletic Apparel Stocks May Have More Room to Run
    Motley Fool

    4 Reasons Athletic Apparel Stocks May Have More Room to Run

    Sales of sneakers are on track to reach $95 billion in six years.

  • This Brand Could Benefit From Nike's and Adidas' Missteps
    Motley Fool

    This Brand Could Benefit From Nike's and Adidas' Missteps

    A smaller industry player could be poised to win, given embarrassing branding mistakes from its enormous competitors.

  • Foot Locker Looks Like an Undervalued Dividend Stock
    Motley Fool

    Foot Locker Looks Like an Undervalued Dividend Stock

    The footwear retailer delivered a disappointing quarter, but its stock now appears to be an undervalued income play.

  • Low Expectations for Dick's Sporting Goods Could Still Be Too High a Hurdle to Overcome
    Motley Fool

    Low Expectations for Dick's Sporting Goods Could Still Be Too High a Hurdle to Overcome

    The sporting goods retailer has warned it's going to be a while yet before growth returns.

  • Adidas: Spain's FA has no grounds for ending contract
    Associated Press

    Adidas: Spain's FA has no grounds for ending contract

    MADRID (AP) — Adidas says Spain's soccer federation has no grounds for terminating its contract with the sports apparel company, and will fight to keep the agreement in place.

  • Nike and Adidas Urge President Trump to Reconsider Tariffs
    Market Realist

    Nike and Adidas Urge President Trump to Reconsider Tariffs

    Nike and Adidas Urge President Trump to Reconsider TariffsThe escalating trade war has the footwear industry worriedYesterday, dozens of shoe retailers—including big names Nike (NKE) and Adidas—sent an open letter to President Trump

  • Associated Press

    Spanish soccer federation ending its contract with Adidas

    MADRID (AP) — Spain says it is ending its soccer contract with Adidas and has opened negotiations with other apparel companies.