Adidas AG reported "better-than-expected results" in the fourth quarter amid the "sustained boom for retro sneakers like the Samba and more sales from its shrinking stockpile of Yeezy footwear." Adidas reported operating profit of $59M in the quarter, driving the full-year operating profit to $1.4B, "higher than it forecast in October." Currency-neutral revenue reached $6.3B for the quarter, higher than the $5.5B average of "analyst estimates." The American depositary receipts "surged as much as" 5.6% after trading closed in Europe. Adidas said it "aims to deliver double-digit sales growth" and "increase operating profit." It will publish final results on March 5, as well as its 2025 financial guidance (BLOOMBERG NEWS, 1/21).
Sneaker sales help boost Adidas earnings in Q4
