Adidas Sticks To Its World Cup Sales Guidance Despite Germany's Exit: Report - adidas (OTC:ADDYY)

Adidas AG ADDYY said it is persistent with its aim to make €400 million ($420.92 million) sales in the 2022 football world cup.
The sportswear maker, Reuters reported, reiterated its stand despite Germany’s ouster from the tournament.
The four-time champions crashed out of the contest in spite of a 4-2 win against Costa Rica in their last Group E match on Thursday.
It is to be seen whether the exit of Adidas’ home team will impact the demand of its goods during the remainder of the competition.
Adidas recently slashed its FY22 revenue outlook to a low-single-digit growth from mid-single-digit growth.
The termination of its partnership with American rapper, Kanye West is said to cost the company €250 million on its FY22 net income.
Price Action: ADDYY shares closed higher by 1.94% at $65.76 on Thursday.
Photo Via Company