Adidas' fourth-quarter sales top expectations as final Yeezy stock sold off
Publishing timestamp: 2025-03-05 06:45:29
Summary
Adidas reported a 19% increase in revenues in the fourth quarter, exceeding expectations. The company is focusing on growing its market share in North America and moving away from its loss-making Yeezy line. Despite challenges ahead, Adidas is optimistic about its future growth prospects.
Sentiment: MIXED
Tickers: ADS-DE,
Keywords: business news, fashion, adidas ag, nike inc, retail industry, breaking news: business, business,
Source: https://www.cnbc.com/2025/03/05/adidas-ads-de-earnings-q4-2024.html