Adidas slumps as weak profit forecast follows currency hit

[ad_1] By Bloomberg Published Feb 1, 2024 Adidas AG slumped after the German sports apparel maker said negative currency movements mean its profit this year will be less than half of what analysts were expecting. Reuters Operating profit should be around €500 million ($542 million) in 2024, Adidas said late Wednesday. That’s below the average […]

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Adidas predicts 2024 leap in operating profit after Kanye West break-up

[ad_1] By Reuters API Published Feb 1, 2024 German sportswear maker Adidas expects operating profit to nearly double to about 500 million euro ($542.3 million) this year after the company’s break-up with Kanye West and the discontinuation of its Yeezy business. Reuters Adidas booked an operating profit of 268 million euros in 2023, according to […]

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