adidas Raises FY24 Outlook: Sees Currency-neutral Revenues To Increase 10% (Previously: High-single-digit Rate); Sees Operating Profit Of EUR1.2B (Prior View: Around EUR1.0B)
Portfolio Pulse from Benzinga Newsdesk
Adidas has raised its fiscal year 2024 outlook, expecting a 10% increase in currency-neutral revenues, up from a previous high-single-digit rate. The company also anticipates an operating profit of EUR 1.2 billion, compared to the prior view of around EUR 1.0 billion.
October 29, 2024 | 10:09 am
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Adidas has revised its FY24 outlook upwards, projecting a 10% increase in currency-neutral revenues and an operating profit of EUR 1.2 billion, higher than previous estimates.
The upward revision in Adidas's FY24 outlook indicates stronger than expected financial performance, which is likely to positively impact the stock price. The increase in revenue growth expectations and operating profit suggests improved business conditions and efficiency.
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