Forget Skechers, Adidas Is a Better Footwear Stock
Many footwear companies have struggled this year as the pandemic has disrupted supply chains and shut down brick-and-mortar retailers. But over the past 12 months, shares of Adidas (OTC: ADDY.Y) advanced about 15% as shares of Skechers (NYSE: SKX) declined roughly 10%.
Let's see why the German footwear giant outperformed its smaller American peer, and why Adidas should remain a better overall investment than Skechers in 2021.
Adidas's revenue rose 8% (6% in constant currency) in 2019, led by its double-digit sales growth in its Asia-Pacific and emerging markets regions. Its earnings from continuing operations grew 15%.
Source Fool.com
