Market Overview

Adidas Lowers 2013 Outlook

Related ADDYY
Athletic Footwear Sees Declines In Sales
Footwear Stocks Move On Heels Of Nike Inc Earnings Beat

Adidas AG (OTC: ADDYY) cut its full-year forecast.

Adidas now expects 2013 net profit of 820 million euros ($1.11 billion) to EUR850 million, versus its previous outlook of EUR890 million to EUR920 million.

Adidas shares closed at $52.95 yesterday.

Posted-In: profitNews Guidance

 

Related Articles (ADDYY)

Around the Web, We're Loving...

Get Benzinga's Newsletters