Adidas raises earnings guidance after strong first quarter

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 27 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 92%

Adidas أخبار

Company,Quarter,Adidas

Adidas said it now expects full-year operating profit of about €700-million, up from €500-million predicted previously

Adidas on Tuesday raised its 2024 profit outlook after what the German sportswear giant said was a better than expected first quarter.

The upbeat comments about 2024 come a month after Adidas posted its first annual loss in more than three decades, warning sales in North America would fall again as sportswear retailers in the U.S. struggle with high inventories. Frankfurt-listed shares in the company, which is scheduled to publish final first-quarter results on April 30, were up 3.5 per cent on the news.

Adidas further said it sold another €150-million worth of Yeezy products in the quarter, for an operating profit of around €50-million.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين