Adidas (OTC: $ADDYY) Exceeds Expectations in Preliminary Q1 Results - Gains 14%+ in a Week

Adidas AG (DE: $ADS) (OTC: $ADDYY) is the largest sportswear company in Europe and a close second to Nike in the world. Based in Herzogenaurach, Bavaria, Germany, it was started by the Rudolf brothers in 1924.

On Wednesday, April 17, Adidas announced better-than-forecast preliminary Q1 fiscal 2024 results to a positive market reception that saw shares surge over 8%.

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