Adidas raises 2024 earnings guidance due to strong Q1 performance, with sales up 8% and currency-neutral revenues at €5.458bn.
Adidas raised its 2024 earnings guidance after strong first-quarter performance, with sales increasing 8% compared to the prior year level. Currency-neutral revenues grew 4% to €5.458 billion ($5.7 billion), and operating profit reached €336 million, up from €60 million a year earlier. Adidas now expects full-year operating profit to reach around €700 million ($743.96 million), up from €500 million predicted previously.
April 16, 2024
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