Adidas increases 2024 earnings guidance after second-quarter beat

FRANKFURT (Reuters) – German sportswear maker Adidas (OTC:) is increasing its full-year earnings guidance after better than expected second-quarter earnings, it said on Tuesday.

Operating profit for 2024 is expected at about 1 billion euros ($1.09 billion), up from previous expectations of around 700 million euros.

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(Reporting Linda Pasquini, Alexander Huebner and Tom Sims; Editing by David Goodman)