Adidas raises 2024 guidance after Nike saw weakening sales

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Athletic apparel brand Adidas (ADS.DE) is hiking its full-year earnings guidance for 2024, citing weakening sales from rival brand Nike (NKE). Market Domination's Julie Hyman and Josh Lipton take a look at Adidas' forecasts, commenting on the popularity of some of its most popular footwear lines.

Adidas is expected to release its second quarter results on Thursday, August 1.

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This post was written by Luke Carberry Mogan.