adidas AG ADR
ADDYY: OTCM (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| sT! | LOCK|N?DVK | LOCK|W@w!^qx |
Adidas: Preliminary Results Provide Confidence in Durable Turnaround; Shares Attractive
Adidas released preliminary third-quarter results of EUR 7.252 billion in sales (up 9%), a 54.3% gross margin (up 250 basis points), and EUR 1.008 billion in operating profit (13.9% margin, up 280 basis points). Profitability was boosted by approximately EUR 200 million in tariff refunds.
