0715 GMT - Adidas' outlook confirmation will likely provide some temporary relief, until there is more clarity around U.S. tariff outcomes, RBC Capital Markets analyst Piral Dadhania writes in a note. The German sporting-goods company forecasts currency-neutral sales growth at a high-single-digit rate and an increase in operating profit to between 1.7 billion and 1.8 billion euros for 2025. The guidance might need to be adjusted later in the year depending on U.S. tariff outcomes. "We believe adidas is executing well in a tough consumer environment," the analyst says. Shares are down 2.7% at 6.37 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
Shares in Adidas were down 2.7% at 217.20 euros. "Adidas' Guidance Confirmation Should Provide Some Relief -- Market Talk," at 0715 GMT, misstated the share price.
(END) Dow Jones Newswires
April 29, 2025 07:39 ET (11:39 GMT)
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