Adidas buying back shares as brand demand soars
June 29, 2021
Adidas is launching a share buyback program on July 1 whereby it will seek to acquire nearly $654 million of its own stock. The athletic wear company last month raised its sales forecast for the year as it expects a resumption of sporting events to further drive demand for its products higher.
Recent News
Coca-Cola Beats Expectations, Raises Revenue Forecast
Coca-Cola recently released its quarterly earnings report, surpassing predictions from analysts and adjusting its outlook for full-year organic revenue.
Walmart Unveils New Premium Brand Bettergoods To Broaden Appeal
Walmart’s launch of Bettergoods is the retail giant’s latest attempt to appeal to younger consumers.
Peacock Streaming Service To Raise Subscription Prices by $2 Before Summer Olympics
Ahead of the Olympics in Paris, Comcast’s NBCUniversal plans to raise the monthly subscription price of its streaming service, Peacock, by $2 this summer.
Rolls-Royce Expands Factory To Craft More ‘Bespoke’ Cars
Rolls-Royce is making substantial expansions to its Chichester factory in England to focus its efforts on more expensive cars.