Adidas shares rise 5% after hiking 2024 guidance

The German sportswear company on late Tuesday said it was now expecting its operating profit to reach around 1 billion euros ($1.09 billion) across full-year 2024, up from the previously expected 700 million euros. Adidas was last up 4.72% at 8:19 a.m. London time. This is a developing story and will be updated. Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas sa ...