- Adidas reported preliminary first-quarter revenue of €6.15 billion, slightly surpassing the estimate of €6.11 billion.
- The preliminary gross margin for the quarter was 52.1%, above the estimated 51.8%.
- Adidas achieved a preliminary operating profit of €610 million, exceeding the forecasted €545.3 million.
- The preliminary operating margin stood at 9.9%, higher than the estimated 8.94%.
- First-quarter results do not include any contribution from Yeezy sales, as the remaining inventory was sold at the end of the previous year.
- Excluding Yeezy sales from the prior year’s figures, currency-neutral revenues for the Adidas brand grew by 17%, with double-digit growth across all markets and channels.
- The company is set to release its final first-quarter results on April 29.
- Analyst recommendations include 21 buys, 10 holds, and 4 sells.
A look at adidas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
Adidas, the renowned sports apparel and equipment manufacturer, has garnered an overall optimistic outlook based on the Smartkarma Smart Scores. With a solid score across multiple key factors, including Growth, Resilience, and Momentum, the company seems to have a promising future ahead. A rating of 3 in Growth reflects the potential for expansion and development, while Resilience and Momentum scores of 3 suggest stability and positive market performance.
Although scoring lower in Value and Dividend at 2, adidas continues to strategically position itself in the competitive market, offering a range of sports shoes, apparel, and equipment globally. With a strong focus on innovation and global reach, adidas aims to maintain its position as a leader in the sports industry, leveraging its established brand and market presence to drive future growth and success.
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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