Adidas Falls on Profitability Forecast and Nike’s Golf Pullback

  • Full-year gross margin forecast disappoints some analysts
  • Nike stops making golf equipment, could weigh on Adidas sale

Nike Golf to Stop Selling Equipment as Tiger Fades

Adidas AG shares fell as the sportswear maker’s profitability forecast disappointed some analysts, who also raised concerns that Nike Inc.’s decision to stop selling golf equipment could weigh on the German company’s sale of its own golf division.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.