Adidas shares rose on Wednesday after the company said it would raise its full-year 2024 earnings guidance following better-than-expected preliminary second-quarter results.
Adidas shares were last up 4.72% at 8:19 a.m. London time.
The German sportswear company said late Tuesday it now expects operating profit to reach around 1 billion euros ($1.09 billion) for the full year 2024, up from 700 million euros previously forecast.
Adidas said its revenue rose 11% in the second quarter compared to the previous year.
