adidas expects revenue to grow at mid-to-high-single-digit rate in 2024

seekingalpha04-30

adidas AG press release (OTCQX:ADDYY): Q1 GAAP EPS of €0.95. Revenue of €5.46B (+3.6% Y/Y). Region wise: Currency-neutral sales in Europe increased 14% during the quarter driven by double-digit growth...

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Region wise: Currency-neutral sales in Europe increased 14% during the quarter driven by double-digit growth...</p>\n\n<a href=\"https://seekingalpha.com/news/4095968-adidas-expects-revenue-to-grow-at-mid-to-high-single-digit-rate-in-2024\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>adidas expects revenue to grow at mid-to-high-single-digit rate in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nadidas expects revenue to grow at mid-to-high-single-digit rate in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4095968-adidas-expects-revenue-to-grow-at-mid-to-high-single-digit-rate-in-2024><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>adidas AG press release (OTCQX:ADDYY): Q1 GAAP EPS of €0.95. Revenue of €5.46B (+3.6% Y/Y). Region wise: Currency-neutral sales in Europe increased 14% during the quarter driven by double-digit growth...</p>\n\n<a href=\"https://seekingalpha.com/news/4095968-adidas-expects-revenue-to-grow-at-mid-to-high-single-digit-rate-in-2024\">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":"ADDYY","symbol_name":"阿迪达斯","start_time":0,"source_url":"https://seekingalpha.com/news/4095968-adidas-expects-revenue-to-grow-at-mid-to-high-single-digit-rate-in-2024","article_id":"2431691773","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1333803087/image_1333803087.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431691773","pubTimestamp":1714461547,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"adidas AG press release (OTCQX:ADDYY): Q1 GAAP EPS of 0.95. 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Japan/South Korea posted revenue growth of 7% driven by a double-digit increase in DTC. Revenues in North America declined 4% during the quarter, reflecting a double-digit decline in the Wholesale channel as the company continued its disciplined sell-in approach.  The company’s first-quarter gross margin was up 6.4 percentage points to 51.2% (2023: 44.8%). Inventories decreased 22% or more than € 1.2 billion year over year to € 4.427 billion (2023: € 5.675 billion). Adjusted net borrowings at March 31, 2024 amounted to € 4.958 billion (March 31, 2023: € 6.630 billion), representing a year-over-year decrease of 25% or almost € 1.7 billion adidas (OTCQX:ADDYY) now expects currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024 (previously: increase at a mid-single-digit rate). Within this guidance, it is assumed that the remaining Yeezy inventory will be sold on average at cost, resulting in sales of around € 200 million throughout the remainder of the year. 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