Why Adidas shares slumped following World Cup bump

Adidas investors punished the German sportswear maker's profit miss, dragging its shares down a record 19% despite the company lifting its ‌annual sales outlook on demand for its retro apparel and a soccer World Cup boost.

#News #Reuters #Newsfeed #adidas #fifaworldcup #earnings

Read the story here: https://reut.rs/3RJRPvI

👉 Subscribe: https://reut.rs/4b8fRGn

Keep up with the latest news from around the world: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on X: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en