Adidas is updating its guidance for the year after reporting better-than-expected preliminary results for the first quarter of 2024. According to the German athletic company, currency-neutral revenues increased 8 percent compared to the prior year level. In euro terms, the company’s revenues grew 4 percent to 5.458 billion euros in the first quarter, versus 5.274 […]
Analysts are projecting an overall positive quarter for Nike Inc. ahead of the Swoosh’s second-quarter earnings report next week. Most market watchers said signs look good for the sneaker giant, but some noted potential headwinds. In a late November note to investors, Jefferies analyst Randal Konik said that Foot Locker‘s third-quarter sales beat was a good indicator for how Nike’s results might turn […]
Analysts are taking a cautious view on Foot Locker ahead of the retailer’s earnings report next week. In notes to investors this week, analysts warned that soft Nike sales, a weakened consumer base and a general lack of compelling product (including the absence of Yeezy sneakers) will likely play a role in challenging results for the footwear retailer in Q2. […]