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adidas AG (ADDYY) Q4 2022 Earnings Call Transcript
01:36pm, Wednesday, 08'th Mar 2023
adidas AG (OTCQX:ADDYY) Q4 2022 Earnings Conference Call March 8, 2023 9:00 AM ET Company Participants Sebastian Steffen - Head of Investor Relations Bjorn Gulden - Chief Executive Officer Harm Ohlmey
Adidas, hurt by unsold Kanye West Yeezy sneakers, posts $540M loss
01:01pm, Wednesday, 08'th Mar 2023
More losses could be ahead as the company forecast a 500 million-euro hit to earnings this year if it decides not to repurpose the remaining Yeezy products it has in stock.
Adidas still doesn't know what to do with $1.3 billion worth of Yeezy shoes
12:24pm, Wednesday, 08'th Mar 2023
FRANKFURT, Germany (AP) — Adidas is still wrestling with how to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes after its breakup with the rapper formerly known as Kanye West, forci
Adidas warns of first loss in decades after split with Kanye West - as it decides what to do with mountain of unsold Yeezy trainers
10:07am, Wednesday, 08'th Mar 2023
Adidas has revealed plans for a huge cut to its dividend as it battles the costly fallout from its failed partnership with rapper and fashion designer Kanye West.
Former Adidas boss to receive €16mln following departure
09:08am, Wednesday, 08'th Mar 2023
Kasper Rorsted the former chief executive officer of Adidas is set to receive €16mln following his departure in November, according to the company. Some €12mln will be paid out to the boss in the
Adidas share price is crashing: Is it the new Credit Suisse?
05:53am, Wednesday, 08'th Mar 2023
Adidas (ETR: ADS) share price pulled back on Wednesday amid rising concerns about the company. The firm slashed its dividend and warned of a tough road ahead toward recovery.
Adidas will slash its dividends as the split with Kanye West's Yeezy looks set to wipe out $1.3 billion in earnings
05:48am, Wednesday, 08'th Mar 2023
The sportswear giant has warned it'll take a $1.3 billion hit to earnings after severing ties with Ye (Kanye West) and the Yeezy sneaker partnership.
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
05:23am, Wednesday, 08'th Mar 2023
Adidas on Wednesday reported a substantial fourth-quarter loss and slashed its dividend, following the costly termination of its partnership with Kanye West's Yeezy brand in October.
Adidas hasn't decided whether it's going to take a $526 million hit from not selling remaining Yeezys
04:52am, Wednesday, 08'th Mar 2023
The company on Wednesday said it "continues to review future options" for the Yeezy products in its warehouses and storage rooms.
Adidas Slashes Dividend as Problems Mount
04:18am, Wednesday, 08'th Mar 2023
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022 in which it dumped its chief executive and ended a partnership with rapper Kanye West.
Adidas Dilemma: What to Do With $1.3 Billion of Yeezy Gear
04:15am, Wednesday, 08'th Mar 2023
Adidas AG's new CEO Bjorn Gulden aims to make the company profitable by 2024 but the question of what to do with $1.3 billion of unsold Yeezy stock remains. Oliver Crook reports on Bloomberg Televisio
Adidas extends CFO's contract, while two other executives are on the way out
03:56am, Wednesday, 08'th Mar 2023
Adidas AG said Wednesday that it has extended the contract of finance chief Harm Ohlmeyer for a further three years and that two members of the executive board are to step down.
Adidas reiterates forecast for 10% revenue decline in 2023, will propose significantly lower dividend amid Yeezy fallout
01:54am, Wednesday, 08'th Mar 2023
By Joshua Kirby
Adidas could ‘literally burn' $500M in unsold ‘Yeezy' apparel: report
04:51pm, Monday, 06'th Mar 2023
The company warned that it faces a more than $500 million hit to its operating profit this year.
JD Sports and Adidas set for a 'year of two halves', says JP Morgan
06:11am, Tuesday, 28'th Feb 2023
"A year of two halves" for European sportswear companies Adidas and JD Sports, according to JP Morgan. Analysts at the bank said the first half would be characterised by “material gross margin pres
