October 12, 2023, Berlin, Germany, a Samba shoe.
Thomas Trutcher | Photography Library | Getty Images
Adidas shares rose on Wednesday after the company raised its full-year results for 2024 Profit guidance This follows better-than-expected preliminary second-quarter results.
Adidas’ latest share price rose 4.72% as of 8:19 a.m. London time.
The German sportswear company said late Tuesday it expected full-year 2024 operating profit to be around 1 billion euros ($1.09 billion), up from its previous forecast of 700 million euros.
Adidas said its second-quarter revenue grew 11% compared with the same period last year.
This is a developing story and will be updated.
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