Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory
Publishing timestamp: 2024-03-13 06:08:25
Summary
Adidas expects sales decline in North America in 2024 but growth worldwide. Operating profit for 2023 exceeded expectations despite Yeezy discontinuation. Company aims to reduce inventories and return to growth by scaling up successful shoe lines.
Sentiment: MIXED
Tickers: ADS-DE,
Keywords: breaking news: investing, entertainment, earnings, markets, adidas ag, breaking news: business, retail industry, investment strategy, apparel retail, breaking news: markets, business news, sports,
Source: https://www.cnbc.com/2024/03/13/adidas-q4-2023-earnins.html