The sportswear giant slashed its annual outlook for the fourth time since the beginning of the year German sportswear giant Adidas saw its net profit nearly halve in the third quarter of 2022 after leaving the Russian market and canceling a partnership with Kanye West. The company’s net profit tumbled to €352 million ($353 million), down from €984 million ($986 million) in the same period of last year. Operating profit declined by 16% and totaled €564 million ($565.5 million), while net income from continuing operations plummeted from €479 million ($480 million) last year to just €66 million ($66 million) dur
Hence then, the article about adidas profits plunge from russia and ye exit was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Adidas’ profits plunge from Russia and Ye exit )