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 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 quarterly sales — after Kanye disaster
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Adidas seals turnaround year with strong fourth-quarter sales
ADIDAS reported what it said were better than expected preliminary fourth-quarter results on Tuesday (Jan 21), with strong sales and profitability for the important holiday shopping period, sealing a successful turnaround year.
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EXEC: Adidas Preliminary 2024 Report Reveals Double-Digit Growth to €23.7B
Adidas is reporting that preliminary 2024 fourth quarter currency-neutral revenues increased 19 percent year-over-year (y/y).
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