0824 GMT - Adidas delivered an underwhelming guidance for this year, Jefferies analysts write in a note. The German sporting-goods company targets operating profit of between 1.7 billion and 1.8 billion euros for 2025. This is below Visible Alpha consensus of 2.13 billion euros, which had shifted from 2.1 billion euros after the publication of preliminary results in January. The group also forecasts currency-neutral sales growth at a high-single-digit rate. "Admittedly this at a time when the tariff uncertainties have added incremental risks to the consumer backdrop," the analysts say. However, the initial reaction to the outlook set today is unlikely to be an enthusiastic one, they say. Shares are down 2.4% at 231.90 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 03:24 ET (08:24 GMT)
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