Adidas said Wednesday that its “remaining Yeezy inventory assumed to be sold at cost” after confirming a $63.4 million net loss in 2023 — the company’s first profit loss in more than 30 years.

Adidas is now predicting its operating profit to swell to almost £1bn for 2024 as it upped its forecasts following a better-than-expected performance in recent months. The sportswear giant is now ...

while its net profit fell 83% to €254 million. In the fourth quarter, revenue growth almost ground to a halt and the company posted a €482 million loss. Adidas also slashed its dividend almost ...

Adidas’ operating profit also decreased significantly, falling 59.9 percent from 669 million euros in 2022 to 268 million euros in 2023. Adidas had originally predicted an operating loss of ...

The Germany-based company on Wednesday forecast operating profit between $1.8 billion and $1.9 billion in 2025, below the $2.3 billion expected by analysts. Adidas CEO Bjorn Gulden warned that ...

adidas saw its operating expenses rise by 10% to €2.83bn in Q3 FY24, while operating profit grew by 46.0% to €598m, indicating an operating margin of 9.3%. The sale of the remaining Yeezy inve ...

Adidas exceeded its operating profit target last year after sales surged in the key Christmas quarter. The German sporting-goods company said Tuesday that its operating profit climbed to 1.34 ...

Adidas AG raised its annual profit target for the third quarter in a row amid the sustained boom for retro sneakers like the Samba and more sales from its shrinking stockpile of Yeezy footwear ...

Adidas expects currency-neutral sales for 2025 to increase at a "high-single-digit" rate - between 7% and 9% - and operating profit to rise to between 1.7 billion euros and 1.8 billion euros ($1. ...

MUNICH, Jan 31 (Reuters) - German sportswear maker Adidas (ADSGn.DE), opens new tab expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the ...

Photo / Jonathan Leibson / Getty Images German sportswear giant Adidas said on Wednesday that its profit almost doubled in the first quarter of 2025 as it turned the page on a costly split with US ...