Adidas reported higher-than-expected fourth-quarter sales of 5.97 billion euros, driven by the sale of its remaining Yeezy stock, leading to a 19% revenue increase and an operating profit of 57 million euros. Full-year sales rose 12% to 23.7 billion euros, surpassing forecasts, with operating profit reaching 1.34 billion euros in 2024. CEO Bjorn Gulden expressed optimism for 2025, projecting high-single-digit sales growth and operating profit between 1.7 billion euros and 1.8 billion euros, despite challenges such as the phaseout of the Yeezy line and the need for innovation beyond popular styles like the Samba and Gazelle sneakers.
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Trump administration sues Maine over participation of trans athletes in girls sports
Trump Administration Sues Maine Over Transgender Athlete PolicyIn a legal escalation, the Trump administration has filed a lawsuit against Maine's education department for allegedly violating Title IX by allowing transgender girls to compete in girls' sports. This conflict arose after Republican officials, including Attorney General Pam Bondi, claimed the state's actions contradict federal anti-discrimination laws, while Democratic Gov. Janet Mills vowed to fight the administration's threats to cut federal funding. The lawsuit highlights the broader...
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