adidas EPS – 96% drop from 3.17 to 0.13

by finca3eo

Key Points:

1. Quarter revenue drops 19%
2. Net Income declines 97% to 20Mil
3. Operating margin down 1.4%
4. 2020 Outlook: Negative Operating Profit and 40% decline in sales.
5. Adidas maintains 1.975B on its balance sheet

Stock rallied 4%

• www.adidas-group.com/media/filer_public/dc/77/dc776afe-d148-4e5b-a0a5-169c564d1b46/adidasag_q12020results_final_en.pdf
• www.adidas-group.com/media/filer_public/6e/6a/6e6a09d6-adb0-4050-82f5-a050277822c5/fact_sheet_q1_2020_en.pdf