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Adidas recorded a net loss of 75 million euros in 2023

2024-03-13T07:23:49.846Z

Highlights: Adidas recorded a net loss of 75 million euros in 2023. Overall sales, down 5% to 21.4 billion euros. Sales suffered especially in the United States (-16%) following the cessation of sales of the Yeezy model. More information to come…. German sports equipment manufacturer Adidas reported on Wednesday an annual loss in. 2023, weighed down by significant losses in sales of... The group's net loss follows a positive balance of 612 million posted a year earlier.

German sports equipment manufacturer Adidas reported on Wednesday an annual loss in 2023, weighed down by significant losses in sales of...

German sports equipment manufacturer Adidas reported on Wednesday an annual loss in 2023, weighed down by significant losses in sales of Yeezy shoes and an unresolved high inventory problem in the United States.

The group's net loss of 75 million euros follows a positive balance of 612 million posted a year earlier.

Overall sales, down 5% to 21.4 billion euros, suffered especially in the United States (-16%) following the cessation of sales of the Yeezy model.

More information to come…

Source: lefigaro

All business articles on 2024-03-13

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