Financial

Adidas eyes €500m operating profit for FY24, most Yeezy inventories won't be written off

By Bob McGee 2024-02-01T06:47:00

adidas logo mountain

Adidas published preliminary FY23 results and sales and operating profit guidance for FY24 yesterday. In a statement, CEO Bjørn Gulden said the outlook for FY24 is “the next building block needed to bring Adidas back to a company with a double-digit growth and 10 percent operating margin.”

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