UPDATE 2-Adidas shares slip on disappointing sales figures [Reuters]
ADIDAS AG S/ADR (ADDYY)
NASDAQ:AMEX Investor Relations:
adidas-group.com/en/investors/overview
Company Research
Source: Reuters
Adidas shares slip on disappointing sales figures - Reuters 3 Min Read BERLIN (Reuters) - German sportwear company Adidas ( ADSGn.DE ) reported disappointing second-quarter sales on Thursday but expects a recovery in the second half after it stemmed a decline in Europe and saw its long-struggling Reebok brand recover. Adidas shares fell 2.3% by 0725 GMT. The stock had rallied in recent weeks on hopes it might lift its outlook - particularly after German rival Puma ( PUMG.DE ) raised its sales and profit forecasts following a strong second quarter. “Given the recent rerating in the shares since April and narrowing valuation gap versus peers, the lack of a sales or earnings beat is unusual and brand momentum remains concerning,” Credit Suisse analysts wrote of Adidas. Second-quarter sales rose a currency-adjusted 4% to 5.51 billion euros ($6.18 billion), shy of average analyst forecasts for 5.54 billion as the company saw a strong decline in the soccer category a year on from the Wo
Show less
Read more
Impact Snapshot
Event Time:
ADDYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ADDYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ADDYY alerts
High impacting ADIDAS AG S/ADR news events
Weekly update
A roundup of the hottest topics
ADDYY
News
- WNBA star Angel Reese pushes back against 'inaccurate' personal net worth claims: 'Way off' [FOX News]FOX News
- Peter England presents an exclusive campaign - 'The Bollywood Wedding' with iconic filmmaker Karan Johar [Yahoo! Finance]Yahoo! Finance
- WNBA corporate sponsorship deals are growing. But not every athlete is getting their due [Yahoo! Finance Canada]Yahoo! Finance Canada
- WNBA corporate sponsorship deals are growing. But not every athlete is getting their due [Yahoo! Finance Canada]Yahoo! Finance Canada
- Authentic Brands Group Selects Sequence Tulum for Barneys Residences [Yahoo! Finance]Yahoo! Finance