Adidas Sees FY24 Revenue Growth Of Mid- To High-Single-Digit Rate; Sees Operating Profit Of € 700M
Portfolio Pulse from Benzinga Newsdesk
Adidas projects its revenue to grow at a mid- to high-single-digit rate by FY24, with an expected operating profit of €700 million.
April 30, 2024 | 8:55 am
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POSITIVE IMPACT
Adidas anticipates a significant revenue growth and a robust operating profit by FY24.
The announcement of expected revenue growth and a substantial operating profit by FY24 is likely to instill confidence among investors and could lead to a positive short-term impact on Adidas's stock price. The specificity of the financial targets provides a clear positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100