0716 GMT - Adidas reported better-than-expected results for the fourth quarter, which should be welcomed by investors, RBC Capital Markets analysts Piral Dadhania and Nikolaos Lafioniatis say in a note. The German sporting goods company reported after market close on Tuesday a 19% increase in quarterly sales on a currency-neutral basis to almost 5.97 billion euros. The gross margin in the final quarter alone rose to 49.8% from 44.6% previously. "Overall, we believe these results will be well-received by the market given stronger than anticipated underlying Adidas brand momentum and healthy gross margin build," they say. Shares closed at 243.40 euros on Tuesday. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 02:16 ET (07:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。