Despite the delivery issues that slowed its progress in North America, Adidas net income increased 34% in the second period ended Jun. 30 to €531 million ($603 mm) from €396 million with revenue advancing 5% to €5,509 million ($6,253 mm) from €5,261 million. The Big a reiterated claims that the supply chain issues would lessen in Q3 and be essentially resolved by Q4 and into 2020 in affirming guidance for the year with sales accelerating from a 4% rate in H1 to a 5-8% gain in H2. With gross margin improving about 20 b.p. to 52.0% and some OpEx leverage ... Log in to view full article.