adidas Stock Experiences Explosive Growth Ahead of Nike and Under Armour
Monumental growth since January 2016 and still climbing.
From Tubulars to NMDs, Yeezys, the Yohji Yamamoto-designed Y-3 line, not to mention countless collaborations, the Brand with the Three Stripes continues to dominate global sales this year, with numbers consistently ahead of other sportswear apparel and footwear rivals like Nike and Under Armour. According to the Portland Business Journal, adidas jumped 31% in growth in first-quarter sales earlier this month with stock performing at a rate of +31.54% YTD (followed by Nike at -11.43% YTD and then Under Armour at -6.09% YTD). Yet even with adidas experiencing this explosive growth from January to May 2016, its sale numbers are still dwarfed by Nike’s, who hit an astounding $30 billion USD in revenue for the fiscal year of 2015. Given its recent success, do you think the Three Stripes could have a chance in eventually overtaking the Swoosh?
