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…

Watch on source: https://www.youtube.com/watch?v=Ay419_ZjISA ↗