While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption.
Adidas expects sales to grow at a mid-single-digit annual rate in 2024, the company said, as it navigates several obstacles, including lagging sales in North.
By Mauro Orru Adidas said its revenue and operating profit last year exceeded company guidance after a better-than-expected performance in the fourth quarter.
Adidas sold €350 million ($373 million) worth of Yeezy branded apparel in the third quarter as it continued to offload the €1.2 billion worth of stock it was.