Clothing & Shoes
Adidas raises FY profit guidance amid strong Q1
As a result of the better-than-expected performance during the quarter, the company now expects currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2020/03/adidas_brand_flagship_store_in_shanghai_1-e1584008677484-895x540.jpg?lossy=1&strip=1&webp=1)
Adidas has upped its profit guidance for the year after it revealed its Q1 profits increased to €336m (£287m), up from €60m (£51m) the previous year.
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