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.
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