Adidas Issues Preliminary Results for Q4, Records 19% Revenue Growth

adidas AG (ADDYY) posted preliminary results for the fourth quarter of 2024. In the same quarter, currency-neutral revenues rose 19%. In euro terms, the company’s revenues grew 24%. Excluding Yeezy, revenues on a currency-neutral basis jumped 18% year over year. The gross margin climbed 5.2 percentage points to 49.8% while operating profit reached €57 million.Based on the preliminary unaudited numbers, ADDYY's revenues, on a currency-neutral basis, were up 12%, while in euro terms, the metric rose 11% from ...