Wednesday, March 10, 2021

Adidas Q4 Profit Down, Sees Growth Ahead; Stock Up

Shares of Adidas AG were gaining around 5 percent in the German trade after the sportswear maker Wednesday said it expects higher profit and sales in fiscal 2021 after reporting currency neutral sales growth in the fourth quarter. Meanwhile, profit and reported sales fell in the final quarter. Further, the company is targeting sales growth of as much as 10 percent annually...

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