Adidas (DE:ADSGN) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Adidas announced earnings per share of €0.13 on revenue of €4.75B. Analysts polled by anticipated EPS of €1.22 on revenue of €4.82B. That with comparison to EPS of €3.17 on revenue of €5.88B in the same period a year before. Adidas had reported EPS of €0.94 on revenue of €5.84B in the previous quarter. Analysts are expecting EPS of €1.03 and revenue of €4.45B in the upcoming quarter.
Adidas shares are down 13% from the beginning of the year , still down 35.12% from its 52 week high of €317.45 set on January 16. They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 10.75% year to date.
Adidas follows other major Consumer Cyclical sector earnings this month
Adidas's report follows an earnings missed by Hella KGaA Hueck & Co on Monday, who reported EPS of €0.46 on revenue of €1.53B, compared to forecasts EPS of €0.48 on revenue of €1.5B.
Elringklinger AG had matched expectations on March 30 with first quarter EPS of €0.22 on revenue of €432.7M, compared to forecast for EPS of €0.22 on revenue of €435M.
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