Clothing & Shoes

Adidas raises profit guidance amid ‘strong’ Q1 results

In euro terms, the company’s revenues grew 4% to €5.45bn (£4.65bn) in the first quarter, as currency developments led to an ‘unfavourable’ translation impact

Adidas has raised its profit guidance from €500m (£426.8m) to €700m (£597.6m) following a “better-than-expected” performance in the first quarter 2024.

Check out our free weekly podcast

Back to top button