Adidas Delivers on Promises But Sector Remains Unloved -- Market Talk
Dow Jones03-19 15:39
0739 GMT - Adidas is delivering on its promised turnaround, but sentiment toward the sector remains very low, Berenberg analysts write in a note to clients. The German sporting-goods company reported the strongest consecutive two years of organic revenue growth in nearly a decade, while margins are closing in on its 10% goal, they say. "However, we see limited investor interest in the sector, no matter the strength of the stock narrative," the bank says. After a challenging period, sentiment toward the industry remains low, compounded by concerns about whether Adidas is still fashionable, the analysts say. Shares closed at 138.05 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 03:39 ET (07:39 GMT)
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