LONDON, Feb 1 (Reuters) - Adidas shares fell on Thursday after the sportswear maker delivered a forecast for 2024 well below analysts' expectations, based on limited profits from selling off its last stocks of Yeezy shoes after its break-up with Kanye West.

Adidas forecast an operating profit of around 500 million euros ($539.95 million) in 2024, against analysts' estimate of 1.23 billion euros. The company said its forecast assumes Adidas will sell its remaining Yeezy shoe inventory at cost.

"Our consumer, retail and trade research has shown that we can sell this remaining inventory in 2024 for at least the cost price," CEO Bjorn Gulden said in a statement.

Shares were down more than 6% in pre-market trading, and ahead of a call with analysts due at 0700 GMT.

Adidas reported an operating profit of 268 million euros for 2023, down from 669 million euros a year earlier, but easily beating the 100-million-euro loss previously forecast by the company.

Gulden, in the job since the start of 2023, has been driving a turnaround at the company bruised by its break-up with rapper West, who goes by Ye, which left Adidas with unsold Yeezy shoes worth 1.2 billion euros.

($1 = 0.9260 euros)

(Reporting by Helen Reid; Editing by Sherry Jacob-Phillips)