Financial reporting

Adidas raises FY guidance on stronger core, Yeezy sales in Q3

By 2023-10-18T02:15:00

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In releasing preliminary Q3 results, Adidas updated its full-year guidance. The company – citing the impact of Yeezy sales efforts in Q2 and Q3; €200 million in one-time costs related to a strategic review; and a potential write-off of €300 million for remaining Yeezy merchandise that represents a 25 percent ...

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