6 months ago
[$$] Adidas Could Double as Profit Margins Expand
Dow Jones Global Indexes | Global Stock Markets Adidas shares have run up by nearly 40% in the past 12 months, to 180 euros ($205.21), stretching the sportswear giant’s jump since late 2014 to a threefold rise. The latest gain was propelled in part by sales of the company’s Superstar tennis shoe, a white, shell-toed classic that ranked as the best-selling sneaker last year in the U.S. market, knocking Nike out of the spot it had held for more than a decade. Given Adidas’ (ADS.Germany) advance, it must be time for investors to throw in the three-stripe towel, right?