Adidas reports 4th-quarter sales and profitability gains

Adidas reports fourth-quarter sales and profitability gains
Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period. The German sports equipment and apparel company said revenue was up 19% year on year in currency neutral terms while its gross margin increased by 5.
Adidas seals turnaround year with strong quarterly sales — after Kanye disaster
The results mark a significant recovery for Adidas from an annual loss in 2023 for the first time in more than 30 years, bruised by cutting ties with disgraced rapper Ye, formerly known as Kanye West, leading to the abrupt ending of its lucrative Yeezy shoe line.
Adidas Q4 earnings increase after strong sneaker sales in holiday season
Currency-neutral revenue reached €6 billion for the quarter, higher than the €5.3 billion average of analyst estimates. The company’s American depositary receipts surged as much as 5.6 per cent after the close of trading in Europe.
Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter
The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.
Adidas seals turnaround year with strong fourth-quarter sales
Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period, sealing a successful turnaround year.
Adidas Earnings Jump After Strong Sneaker Sales in Holidays
Adidas AG reported better-than-expected results amid the sustained boom for retro sneakers like the Samba and more sales from its shrinking stockpile of Yeezy footwear.
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Adidas Says Operating Profit Rose Five-fold In 2024
Adidas on Tuesday said that its operating profit jumped five-fold last year, as the German sportswear giant moves past a crisis triggered by its split from musician and entrepreneur Kanye West.
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