5 Biggest Outdoor Brands and Companies

4. adidas AG (OTC:ADDYY)

Market Capitalization: $26bn

No list of outdoor companies and brands could be declared complete without the mention of adidas AG (OTC:ADDYY), the German sports giant which enjoys market dominance in Europe. It’s the second largest sportswear company in the world after Nike. adidas AG (OTC:ADDYY) owns several outdoor brands, including Five Ten, which it acquired back in 2011. Five Ten is known for outdoor footwear, especially its shoes that are used in trail hiking. In 2021, a Financial Times report said that the company plans to become one of the top four outdoor brands in the world by 2025. The report said that Adidas plans to complete with rivals like VF Corporation, Patagonia and Arc’teryx.

Here is what Polen International Growth Fund has to say about adidas AG (NYSE:ADDYY) in its Q1 2022 investor letter:

“We added to the Portfolio’s position in adidas AG as we believe the company’s management team is making strides in positioning the company for faster growth. Innovative product development, along with interesting design and marketing collaboration initiatives, have been unlocking the company’s growth potential.

We also believe the continuing shift away from wholesale distribution to direct-to-consumer sales should drive steady margin progress. We estimate that adidas will grow earnings in the high teens annually over the next five years.”