adidas AG (0OLD.IL)
- Yahoo Finance
Higher oil prices, shipping disruptions create a double-edged sword for retailers
Higher freight costs and lower consumer buying power could hit retailers in the coming months.
- Benzinga
Still-In-The-Woods Adidas Provides Glimpse Of Recovery With A Lifted Guidance
In an unscheduled announcement, Adidas AG (OTC: ADDYY) (OTC: ADDDF) raised its 2024 profit outlook after a better than expected first quarter. The good news come a month after the German sportswear giant posted its first annual loss in more than three decades and warned sales in North America will fall again due to the struggle of U.S. retailers with high inventory levels. Adidas has also been battling to restore its vitality after a costly split from Kanye West in October 2022 and suspending sa
- Yahoo Finance Video
Adidas raises 2024 profit guidance on robust footwear demand
Sportswear giant Adidas (ADDYY) has raised its full-year profit target for 2024, citing strong ongoing demand for its legacy footwear products, including the iconic Samba sneaker, as well as the sale of its remaining Yeezy inventory. The company now expects to generate a profit of $745 million for the full year, a significant increase from its previous guidance of $532 million. Yahoo Finance Retail Reporter Brooke DiPalma breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
