adidas exits Yeezy street as results beat expectations
Portfolio Pulse from
Adidas AG reported strong financial results for 2024, with an 11% increase in revenue to €23.6 billion. The final sale of Yeezy inventory contributed €200 million to operating profit, despite being lower than the previous year's €300 million.
March 05, 2025 | 9:00 am
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Adidas AG's 2024 financial results exceeded expectations with an 11% revenue increase. The final sale of Yeezy inventory contributed €200 million to operating profit, though less than the previous year.
Adidas AG's strong financial performance, with significant revenue growth and profit contribution from the Yeezy inventory sale, is likely to positively impact its stock price in the short term.
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RELEVANCE 100