XTRA:ADSLuxury
Adidas €1b Buyback Puts Management Confidence And Investor Trade Offs In Focus
Adidas has launched a €1b share buyback program, signaling renewed confidence from management.
The program comes alongside record annual revenues and strong demand across key product lines.
Adidas plans to fund the buyback from expected cash flow, reflecting its current financial position.
For investors watching XTRA:ADS, the new buyback comes at a time when the share price sits at €149.15 and longer term returns have been mixed. The stock is up 3.8% over the past week, but shows declines...