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Adidas increases 2024 earnings guidance after second-quarter beat

07/16/2024

Less than a minute

2024.07.16 12:05

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.

© Reuters. FILE PHOTO: Adidas Samba and Gazelle sneakers for sale are seen at a shop in Berlin, Germany, May 2, 2024. REUTERS/Lisi Niesner/File Photo

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

($1 = 0.9189 euros)

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

07/16/2024

Less than a minute

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