adidas AG shows 19% revenue growth in Q4 (ADDYY) (ADDYY:OTCQX)

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Red Adidas logo on white running shoe

Kohlerphoto/iStock Editorial via Getty Images

Buoyed by better-than-expected preliminary Q4 results, shares of adidas AG (ADDYY, ADDDF) were nearly 5% higher on Tuesday, setting a three-month-high.

Efforts to reinvigorate its brand and unload bloated inventory of its failed Yeezy collaboration resulted in Q4 revenue of €5.97B, beating

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