Adidas stock rises on preliminary Q4 results

Wed, Jan 22, 2025, 8:47 AM

Adidas (ADS.DE, ADDYY) reported preliminary fourth quarter results that exceeded expectations. In the release, CEO Bjørn Gulden says that despite economic headwinds his goal is "to again grow double-digit with the adidas brand and use that growth to continue to improve our operating profit and make further progress towards our 10% margin target.”

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This post was written by Josh Lynch.