Adidas Has Record 2018 But Supply Chain Issues in U.S. Dampen H1 Outlook
Following a final quarter with net income of €108 million ($121.8 mm) compared to a loss of €41 million on a 4% sales gain to €5,234 million ($5,901.2 mm) from €5,056 million, the Big a closed out the Dec. 31 fiscal year with net income of €1,702 million ($1,919.0 mm) compared to €1,097 million. Last year’s results included a €75 million hit from U.S. tax reform. Net income excluding discontinued operations and the tax impact was up 20% to €1,709 million. But the strong performance for the year was mitigated by a warning that growth in H1 would be constrained ... Log in to view full article.