- Gross profit: €2.96 billion (Estimate: €2.94 billion)
- Gross margin: 50.8%
- Operating profit: €346 million
- Operating margin: 5.9% (Estimate: 5.43%)
- Revenue: €5.82 billion
- North America revenue: €1.30 billion (Down 6.9% year-over-year, Estimate: €1.38 billion)
- Net income from continuing operations: €211 million (Estimate: €187.1 million)
- Net income: €206 million (Estimate: €150.3 million)
- Pretax profit: €304 million (Estimate: €266 million)
- Royalty and commission income: €19 million (Estimate: €22.2 million)
- Cost of sales: €2.86 billion (Estimate: €2.82 billion)
- Other operating expenses: €2.64 billion (Estimate: €2.67 billion)
- Marketing expense: €707 million (Estimate: €682.5 million)
- Operating overhead expenses: €1.93 billion (Estimate: €1.97 billion)
- Inventories: €4.54 billion (Estimate: €4.73 billion)
- Net cash balance at period end: €1.66 billion
A look at adidas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, adidas has a promising long-term outlook with a mixed bag of scores across different factors. While the Value, Dividend, Growth, and Resilience scores all sit at a moderate 2, indicating a steady performance in these areas, the Momentum score stands out with a solid 5. This suggests that adidas is currently experiencing strong upward momentum in the market, potentially driving future growth.
As a leading manufacturer of sports shoes and equipment, adidas is known for its global presence and diverse product range, including footwear, sports apparel, and golf gear. While the company shows stability in various aspects, the high Momentum score hints at exciting prospects ahead, possibly positioning adidas for continued success and growth in the competitive sports industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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