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Adidas Boosts Outlook On Strong Q1 Results: Details
Adidas AG (OTC:ADDYY) reported preliminary results for the first quarter of 2024, with an 8% increase in currency-neutral revenues. In euro terms, revenues grew 4% to €5.458 billion in the quarter.
The company's gross margin improved 6.4% points to 51.2% during the quarter compared to 44.8% last year.
Operating profit marked a significant ...