Adidas : Selling more Yeezy, underlying improvement in 2024
>Underlying sales decline of 7%, clean gross margin of 48.5% - Last week, adidas reported final Q2 2023 results in line with preliminary numbers which were out late July. In Q2, revenues were flat excluding FX but down 5% in reported terms to € 5.3bn. According to the company this includes c. € 400m Yeezy revenue (c. 20% of the remaining € 500m inventory), i.e. underlying adidas sales were down c. 7% which was broadly in line with expectations. Looking into regions: ...ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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