adidas AG ADR
ADDYY: OTCM (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @zk | LOCK|>Hyw% | LOCK|VT@qs$> |
Adidas Earnings: Expectations Met, but External Factors Weigh on Outlook; Shares Attractive
Fourth-quarter results matched Adidas' preliminary release on Jan. 29. Revenue increased 2% (10% currency-neutral), and operating margin was 2.7%. On a currency-neutral basis, sales grew 5%, 3%, and 15% in Europe (30% of total), North America (21%), and Greater China (14%), respectively.
