October 15, 2024 16:17 GMT
CONSUMER CYCLICALS: Adidas (A3 Neg/A- Neg) FY guidance upgraded - again
CONSUMER CYCLICALS
The once troubled co and its perennially tight curve is having a year of upgrades;
- "ADIDAS PRELIM 3Q REV. EU6.44B, EST. EU6.45B
- ADIDAS PRELIM 3Q OPER PROFIT EU598M, EST. EU558.6M
- ADIDAS SEES FY OPER PROFIT ABOUT EU1.2B, SAW ABOUT EU1.0B
- ADIDAS SEES FY CURRENCY-NEUTRAL REVENUE UP AROUND 10% IN 2024" - bbg
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