Adidas Should Give More Details on Its Margin Expectations -- Market Talk

Dow Jones04-30

0945 GMT - Adidas might have to provide more details on its expectations for the coming years, Jefferies analysts write in a research note. For 2024, the German shoe and sportswear major backed its outlook, having raised it on April 16, and expects operating profit at around EUR700 million. Unsurprisingly, full-year guidance was maintained, Jefferies says, adding that investors might look for more information regarding the company's margin targets for 2026. For the first three months ended March, the gross margin improved by 6.4 percentage points to 51.2%. However, Adidas should also clarify to what extent the strong first-quarter gross margin could moderate later in the year, they add. Shares are down 0.8% at EUR230.40. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

April 30, 2024 05:48 ET (09:48 GMT)

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For 2024, the German shoe and sportswear major backed its ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4558","symbol_name":"双十一","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2431397061","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431397061","pubTimestamp":1714470480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0945 GMT - Adidas might have to provide more details on its expectations for the coming years, Jefferies analysts write in a research note. 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