ADS
📉 Adidas shares fell after the company projected slower profit growth than expected.
👟 Despite gaining traction with retro footwear, Adidas anticipates lower operating profits.
📊 The company forecasts an operating profit between €1.7 billion and €1.8 billion, below analyst expectations of €2.07 billion.
📈 Despite the recent dip, Adidas shares have outperformed rivals Nike and Puma over the past year.
@bernardodegarcia:
“Adidas shares were falling after the German sportswear brand said its earnings would grow more slowly this year than investors had expected, even as it gains momentum with its retro footwear. The company expects an operating profit of between 1.7 billion euros to 1.8 billion euros during this year, according to a statement this morning, below the 2.07 billion euros expected by analysts. Although Adidas has a reputation for offering conservative guidance, raising its outlook three times last year, analysts said the latest figures would likely weigh on its shares, at least in the short term. Adidas shares fell as much as 4% in Frankfurt but have risen about 32% in the past year through Tuesday, outperforming rivals like Nike and Puma.”
Watch the exact part of the video where Bernardo talks about Adidas here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on Adidas (ADS) at the following link. ADS stock.
