Adidas is seeing the results of its decision to sell leftover Yeezy inventory after ending its partnership with rapper Ye, formerly known as Kanye West. The leftover stock was going to weight heavily on the sportswear brand’s bottom line, but figures from the first batch of sneakers released last month to its most loyal customers show so much promise Adidas revised its full year guidance. The Bavaria-based company now expects revenues to “decline at a mid-single-digit rate” in 2023–a better prospect that its expectation earlier this yearthat it would “decline at a high-single-digit rate.” Advertisement Releasing preliminary results for the...