Net income attributable to shareholders slipped 14% in the first quarter to €482 million ($551 mm) from €558 million, on revenues that inched up 1% (-3% constant currency) to €5,302 million ($6,059 mm) against €5,268 million last year, pulled down by double-digit declines in Greater China and Asia-Pacific. But the results in the east were offset by 13% growth in western markets, Adidas said, the strongest since 2017. Net income from continuing operations was down 38% to €310 million, excluding Reebok, which was divested to Authentic Brands Group in the quarter.

Direct-to-consumer increased 1% to €1,905 million including 2% growth ... Log in to view full article.