Category: Adidas
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Adidas raises full-year guidance after better-than-expected Q2 results By Investing.com
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Adidas (OTC:) raised its full-year guidance on Tuesday after a strong performance in the second quarter of 2024. The sportswear giant reported currency-neutral revenues increased 11% year-over-year, with euro-denominated revenues up 9% to €5.822 billion, up from €5.343 billion in 2023. Excluding Yeezy sales, currency-neutral revenues saw an impressive 16%…
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Adidas plots to swerve Samba slump By Reuters
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Written by Helen Reid LONDON (Reuters) – As Adidas (OTC:) aims to build on growing demand for its black-and-white Samba three-stripe sneakers and multicolored Gazelle sneakers, it is also taking steps to prevent the shoes from becoming a victim of its own success. The German sportswear giant has ramped up…