Adidas Q1 2024 Revenue EUR$5.46B, Gross Margin 51.2%
Portfolio Pulse from Benzinga Newsdesk
Adidas reported its Q1 2024 revenue at EUR 5.46 billion with a gross margin of 51.2%.
April 16, 2024 | 3:46 pm
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Adidas announced a Q1 2024 revenue of EUR 5.46 billion and a gross margin of 51.2%.
The reported revenue and gross margin indicate a strong financial performance for Adidas in Q1 2024. This positive financial news is likely to instill investor confidence and could lead to an uptick in Adidas's stock price in the short term. The gross margin, in particular, suggests efficient cost management and profitability, which are key indicators of a company's financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100