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Adidas stock declines on Q4 earnings

Yahoo Finance Live’s Julie Hyman breaks down the decline in stock for Adidas following fourth-quarter earnings.

Video transcript

[AUDIO LOGO]

JULIE HYMAN: Adidas is in the hot seat after reporting a $763 million loss in the fourth quarter as it deals with the aftermath of its severed partnership with Ye, formerly known as Kanye West. The athletic apparel brand also cut its dividend as it projects its first annual loss in over 30 years.